Plenti reports loan originations of $536M in June quarter

Full story: https://grafa.com/en/news/australia/plenti-reports-loan-originations-of-536m-in-june-quarter

Plenti Group generated a record $536 million in quarterly loan originations for Q1 FY27, up 22% year-on-year.
Quarterly revenue rose 16% year-on-year to $10.7 million.
Growth was driven by volume gains across all lending verticals and expansion of its NAB-powered portfolio to $153 million.

Fintech lender Plenti Group (ASX:PLT) achieved record quarterly loan originations of $536 million for the quarter ended June 30.

This result represents a 22% increase from $437 million in the prior corresponding period and 13% quarter-on-quarter growth.

The company reported that its total loan portfolio expanded 23% year-on-year to reach $3.3 billion.

Quarterly revenue rose 16% to $10.7 million.

Following the announcement, the Plenti Group share price was unchanged at $0.70.

Credit quality remained stable, with 90-plus day arrears finishing the quarter at 46 basis points.

The business was also named a finance provider for the New South Wales Government’s $480 million energy saver programme.

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Quarterly revenue rose 16% year-on-year to $10.7 million. Growth was driven by volume gains across all lending verticals and expansion of its NAB-powered portfolio to $153 million. Fintech lender Plenti Group (ASX:PLT) achieved record quarterly loan originations of $536 million for the quarter ended June 30. This result represents a 22% increase from $437 million in the prior corresponding period and 13% quarter-on-quarter growth. The company reported that its total loan portfolio expanded 23% year-on-year to reach $3.3 billion. Quarterly revenue rose 16% to $10.7 million. Following the announcement, the Plenti Group share price was unchanged at $0.70. Credit quality remained stable, with 90-plus day arrears finishing the quarter at 46 basis points. 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