Updates18 May 20223 minute read

FY22 update: Plenti delivers positive Cash NPAT for FY22

Plenti Group Limited (Plenti) is pleased to announce its full-year results for the year ended 31 March 2022 (FY22).

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We're pleased to announce our full-year results for the 2022 financial year. 

  • Record loan originations of $1.1 billion, up 134% year-on-year
  • Record loan book of $1.3 billion, up 111% year-on-year
  • Record interest revenue of $87.3 million, up 72% year-on-year
  • Delivered market-leading credit performance with a 0.54% net loss rate
  • Delivered full year Cash NPAT of $0.5 million, with second half Cash NPAT of $2.7 million
  • Delivered on FY22 growth, profitability and efficiency objectives ahead of target dates
  • Commercial automotive loan launched, with a market-leading customer experience, approximately doubling the size of Plenti’s automotive loan target market
  • Entered partnerships with several large energy retailers and a funding agreement with an electric vehicle manufacturer
  • Materially reduced cost-to-income ratio, evidencing operating leverage inherent in Plenti’s technology-led  business model
  • Delivered enhancements to proprietary technology platform, further improving customer experiences and  speed of service
  • Further diversified funding sources and reduced funding costs via first asset-backed securities (ABS)  transactions  

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Written byTeam Plenti
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