24 May 20235 minute read

FY23 update: Plenti maintains profitable growth

Plenti Group Limited (Plenti) is pleased to provide its full year results for the year ended 31 March 2023 (FY23).

older couple embracing on a sailboat
  • Record loan portfolio of $1.8 billion, up 36% on prior year 
  • Record loan originations of $1.1 billion, up 3% on prior year 
  • Record revenue of $143 million, up 62% on prior year 
  • Strong credit performance, with a 0.68% net loss rate 
  • Record Cash NPAT of $4.5 million, up $4.0 million on prior year 
  • Delivered on 2H23 growth, profitability and efficiency objectives 
  • Materially reduced cost-to-income ratio, further evidencing operating leverage inherent in Plenti’s technology-led business model 
  • Completed two asset-backed securities (ABS) transactions, bringing total ABS issuance to over $1.3 billion, and establishing Plenti as a programmatic issuer with domestic and international investor support 
  • Delivered enhancements to proprietary technology platform, improving customer experiences, speed of service and efficiency 
  • Launched GreenConnect, an innovative platform which brings together renewable energy product manufacturers, energy retailers and equipment installers, with Plenti's finance offerings 
  • Undertook substantial retail investor platform enhancements, including the simplification of investment markets and the introduction of a new investment market to provide exposure to Plenti ABS notes 
  • Broadened automotive loan offering and distribution, while growing stronger credit segment electric vehicle and commercial automotive loan originations