Updates18 April 20233 minute read

Q4FY23 update: Plenti maintains strong momentum

We're pleased to announce our trading update for Q4FY23. Highlights include a loan book of $1.77 billion, 36% above the prior corresponding period, and loan originations of $276m.

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  • Loan portfolio increased to $1.77 billion, 36% above PCP and 6% above prior quarter 
  • Loan originations of $276 million, with seasonally lower originations in January and February followed by stronger originations of $111 million in March 2023 
  • Robust net interest margins maintained, supported by positive developments in the competitive environment 
  • Strong credit performance with annualised net credit losses of 77 basis points and 90+ day arrears of 42 basis points at quarter end 
  • Launched GreenConnect, an innovative platform which brings together renewable energy product manufacturers, energy retailers and equipment installers, with Plenti’s finance offerings 
  • Completed $300 million personal and green loan asset-backed securities (ABS) transaction in February 2023 
  • Quarterly revenue of $42.3 million, 48% above PCP, and achieved 2H23 objectives for growth, efficiency and profitability