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Plenti Group Limited (ASX:PLT)

ALERT: Price-sensitive ASX Announcement for PLT
Current share price for PLT : $0.705 -0.495 (-41.25%)+
Announcement
Release
28 Jan 2026 8:47AM
Price at Release
$1.200
Full Release
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Summary
Plenti Group Limited announced its 3Q26 update, reporting a fifth consecutive record quarter in loan originations, achieving $480 million which is 25% above the prior corresponding period (PCP) and 1% above the previous quarter. The loan portfolio increased to $2.98 billion, marking a 24% rise from the previous year and a 5% increase from the prior quarter. Plenti also achieved its FY26 goal of a $3 billion loan portfolio ahead of schedule, originally targeted for March 2026. The company completed its largest-ever securitization deal, a $559 million automotive ABS transaction. Despite a rise in funding costs leading to a temporary margin reduction, Plenti adjusted pricing to recover margins. Credit performance remained strong with low arrears and losses. The resignation of CFO Miles Drury was announced, with a search for a replacement underway.
Key Points
  • Fifth consecutive quarter of record loan originations at $480 million.
  • Loan portfolio increased to $2.98 billion, 24% above PCP.
  • Achieved FY26 $3 billion loan portfolio target ahead of schedule.
  • Completed largest $559 million automotive ABS transaction.
  • Adjusted pricing recovered margins after funding cost rise.
  • Strong credit performance with low arrears and losses.
  • Resignation of CFO Miles Drury announced.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.