Slide 1: 1H26 Results Presentation
ASX RELEASE Plenti Group Limited (ASX:PLT) Authorised for release by the Board of Plenti Group Limited For more information please contact: Adam Bennett, CEO, shareholders@plenti.com.au Miles Drury, CFO, shareholders@plenti.com.au 1H26 Results Presentation Half-year to 30 September 2025
Slide 2: Plenti is a technology-led lender
Plenti is a technology-led lender • We are Australia’s largest fintech consumer We are on a mission lender Purpose • Our Cash NPAT is growing rapidly To bring our customers’ big ideas to life • We deliver market leading customer experiences via our proprietary technology Vision platform Fairer, fast
Slide 3: Highlights
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Slide 4: Plenti had an outstanding 1H26, delivering Cash PBT of $14.1m
Plenti had an outstanding 1H26, delivering Cash PBT of $14.1m supported by profitable portfolio growth and strong credit Originations Closing loan portfolio Statutory NPAT Cash PBT $912m $2.8bn $10.5m $14.1m +46% on pcp +24% on pcp from $0.9m in pcp +147% on pcp Progressed our Horizon Cost-to-net ma
Slide 5: Plenti continued its strong growth trajectory in 1H26
Plenti continued its strong growth trajectory in 1H26 with performance continuing to accelerate Loan portfolio grew to >$2.8bn, … which drove meaningful … with continued momentum in with profitable growth across revenue growth to ~$150m for originations growth on pcp each lending vertical the half 2
Slide 6: Plenti accelerated profitability in 1H26 with Cash PBT equal to FY25
Plenti accelerated profitability in 1H26 with Cash PBT for the half equivalent to the full year FY25 result Cash PBT ($m) 20 +2H26 • Cash PBT result of $14.1m up 147% on prior year ($5.7m) 15 – 1H26 delivered equivalent profitability to entire FY25 ($14.2m Cash PBT) • Cash NPAT result of $12.8m, rep
Slide 7: Operational Performance
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Slide 8: Automotive loan book continued to grow strongly
Plenti’s automotive loan book continued to grow strongly, supported by diversified distribution across brokers, OEM partners, NAB and auto dealerships Automotive loan book1 ($m) 1H26 highlights • 54% originations growth on pcp, 24% portfolio growth on pcp 1,600 • Strong growth across both consumer a
Slide 9: The renewable loan book grew significantly
The renewable loan book grew significantly, driven by demand for solar battery systems spurred by federal and state incentive schemes Renewable energy loan book ($m) 1H26 highlights • Significant growth in originations (+21%) 400 driven by strong consumer demand for solar battery systems Closing loa
Slide 10: Significant growth in personal lending
Significant growth in personal lending was driven by technology enhancements in our credit engine, customer journey and third-party integrations Personal loan book ($m) 1H26 highlights 900 • Strong growth in originations (+44%) and loan portfolio (+25%) across both direct and broker channels 800 Clo
Slide 11: NAB Powered by Plenti car loan originations growing quarter on quarter
“NAB Powered by Plenti” car loan originations have been growing quarter on quarter NPBP loan book ($m) Scale up phase 70 23% daily originations Building awareness growth – Brand led car loan marketing activity 60 – Car loan positioning and visibility within NAB portfolio of personal banking products
Slide 12: Plenti's partnerships provide external validation of our technology platform
Plenti’s partnerships provide external validation of our technology platform, and help diversify our channels to market Strategic partnership to deliver innovative digital car loans to NAB customers Landmark battery initiative, delivering home battery rebates at scale Providing fast, convenient, and
Slide 13: Investment in our proprietary technology underpins growth and efficiency
Investment in our proprietary technology underpins our partner relationships, growth and efficiency Proprietary technology … providing a foundation for rapid gives Plenti total control… change and AI adoption… • Refreshed corporate strategy directly drives • Strong operational efficiency, continuing
Slide 14: Scale is delivering improvements to cost efficiency and productivity
Plenti’s scale is delivering meaningful improvements to our cost efficiency and productivity metrics Cost-to-income1 Cost-to-net margin1 Average loan portfolio per FTE2 ($m) 140% 12 60.0% 120% 10 50.0% 100% 8 40.0% 80% 6 30.0% 60% 4 20.0% 40% 10.0% 2 20% 0.0% 0% 0 Cost-to-income continues to trend d
Slide 15: Focus on prime credit borrowers differentiates credit performance
Our focus on prime credit borrowers continues to differentiate our credit performance and loss rates Annualised net loss rate1 Average borrower credit score2 3.0% 900 • Plenti is a prime lender, focused on lending to borrowers with strong credit 2.5% characteristics 800 • Period end portfolio charac
Slide 16: Financial Results
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Slide 17: Excellent results across all financial metrics, Cash PBT up 147%
Plenti achieved excellent results across all financial metrics to deliver a 147% increase in Cash PBT to $14.1m Loan portfolio • 21% increase in average portfolio on pcp Growth Revenue • 20% revenue growth to $150m Cash PBT • Cash PBT of $14.1m – up 147% on pcp Margins • Expanded NIM by 10 basis poi
Slide 18: 21% average loan book growth to ~$2.7bn
Plenti delivered 21% average loan book growth to ~$2.7bn, with a $2.8bn portfolio as at 30 September 2025 Average loan portfolio ($m) Commentary 42% • 21% growth in average loan portfolio on 1H25 21% – 42% growth over two years • Growth in revenue due to loan portfolio growth – interest 17% yield no
Slide 19: Disciplined and profitable lending with NIM expanding to 5.4%
Plenti remained focused on disciplined and profitable lending with NIM expanding to 5.4% Net interest margin1 (%) Commentary • Increased NIM 10bps on 1H26 – 1H25 NIM of 5.3% – Strong funding outcomes across ABS deals and warehouse extensions – Seeing benefit in credit rating outcomes from lengthenin
Slide 20: Prime borrowers delivered a net loss rate of 0.94%
Our focus on high quality prime borrowers delivered a net loss rate of 0.94% for the half Realised loan impairment expense (%) Commentary • 1H26 net realised loan impairments stepped down to 0.94% reflecting high quality of Plenti borrowers and solid consumer credit position • October average net lo
Slide 21: Disciplined cost management delivering positive jaws
Plenti continued to show disciplined cost management and operating efficiency to deliver positive jaws Operating costs vs net margin ($) Commentary • Key driver of the improvement in Plenti’s profitability in recent years has been the differential in growth between 60 net margin dollars (Margin) and
Slide 22: Cash PBT increased 147% to $14.1m
Our growing loan book, prime credit approach and cost leverage increased Cash PBT by 147% to $14.1m $m 1H25 1H26 % change • Half year Cash PBT of $14.1m, up 147% on prior year and Cash NPAT of $12.8m, up 133% on prior year Interest revenue 121.9 146.5 20% – Will report Cash PBT as Plenti transitions
Slide 23: Well established, diverse and scalable funding platform
Plenti has a well established, diverse and scalable funding platform that provides a reliable foundation for growth Loan portfolio funding ($m)1 Commentary • Plenti continues to scale its funding program and investor base as the loan portfolio grows with a continued focus on diversity • Strong marke
Slide 24: Strategy
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Slide 25: Small share of the large markets in which Plenti operates
Despite significant recent growth, Plenti still has a small share of the large markets in which it operates 1H26 growth Estimated market Estimated market share1 FY25 share1 1H26 Plenti Market Automotive ~1.9%2 ~54% ~10% 2.3%2 Renewable ~24%3 ~21% ~20% 25%3 Personal lending ~3.5%4 ~44% ~20% 4.2%4 1.
Slide 26: Proven competitive strengths deliver performance and growth momentum
Our proven competitive strengths work together to deliver our performance and growth momentum Our partnership capabilities Our proprietary • Commercially collaborative culture technology • Proven technology integration capabilities • End-to-end cloud native stack • Enables fast, simple and easy • De
Slide 27: Solid progress against growth ambitions, delivering Horizon 1
We have made solid progress against our growth ambitions, delivering on our core Horizon 1 objective Horizon 1 Horizon 2 Horizon 3 Grow by doing what we do – but Grow by also doing new things Grow by scaling boldly better into new opportunities Disciplined focus Disciplined expansion Expand our thin
Slide 28: Turning attention to key Horizon 2 initiatives
Parts of the business are now turning their attention to key Horizon 2 initiatives To grow by also doing new Which is enabling disciplined With an initial set of projects things we are building on our expansion of the business with and focus areas to be core strategic capabilities a focus on progres
Slide 29: On track to deliver a $3bn loan book by March 2026
We are on track to deliver a $3bn loan book by March 2026… 5-year strategic horizon FY26 FY27 FY28 FY29 FY30 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 $3bn loan book 2Q25 run-rate (Sept-30) Historic run-rate $323m originations • Assuming loan book amortisation of 3.7% per $3bn loan
Slide 30: Substantially larger steady-state portfolio implied by origination rates
… with a substantially larger “steady-state” portfolio implied based on recent origination rates Illustrative portfolio growth with flat originations1 Mature steady-state 4.2 Mar-30 $475m per quarter (2Q26 rate) $4.1bn 4.0 $3.9bn Mar-28 3.8 $3.7bn $3.7bn Portfolio growth rate and indicative $437m pe
Slide 31: Outlook
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Slide 32: Confident of achieving FY26 priorities
We are confident of achieving our FY26 priorities for growth, profitability and efficiency FY26 full year priorities Growth $3bn loan book by March 2026 in Horizon 1 with acceleration of origination growth into Horizon 2 Profitability Continue to drive meaningful Cash NPAT growth as we scale Efficie
Slide 33: Appendices
Plenti Appendices
Slide 34: Government battery programs overview
Government battery programs overview Western Australia Residential Battery Scheme Australian battery sales2 (’000) Commenced 1 July As at September 2025: • $337 million program to support up to 100,000 WA 60 +275% households installing home batteries 13,000 rebate applications received • Rebates: up
Slide 35: Statutory cashflow
Statutory cashflow $m 1H25 1H26 • Statutory operating cashflow in 1H26 of $20.2m, compared with $28.7m in 1H25 Operating cash flow • Decrease in statutory operating cashflow was mainly driven by: Interest income received 126.1 147.5 – higher upfront merchant service fees on BNPL and subvention loans
Slide 36: Funding facility investments
Funding facility investments Net funding structure investment ($m) • Plenti invested a net amount of $7.5m in supporting growth in funding structures in the period • This amount was funded from underlying free corporate cashflows of $7.8m 15.7 • At 30 September 2025 Plenti had net $67.1m invested in
Slide 37: Corporate cash bridge
Corporate cash bridge Cashflow variance items ($m) 1H26 Cash tax provision - not yet paid 1.3 Cash tax provided for in result but not paid Corporate cashflow bridge Largely prepayments, trade debtors, GST Working capital movements (3.9) payment timing Movement in upfront fees and commissions (1.9) D
Slide 38: Balance sheet
Balance sheet $m 31-Mar-25 30-Sep-25 • Corporate cash position at 30 September 2025 of $50.6m Assets – $24.1m relates to loan collection accounts which are not available for corporate activities (31 March 2025: $22.3m) Cash and cash equivalents 176.4 180.5 • Total underlying corporate liquidity and
Slide 39: Statutory tax - reconciliation
Statutory tax - reconciliation Statutory tax rate to effective tax rate $m 1H26 Statutory profit before tax as reported in Group Statement of Profit or Loss and Profit before tax 12.1 Other Comprehensive Income Tax rate 30% Prima facie tax expense 3.6 Tax on statutory profit at 30% Permanent adjustm
Slide 40: Cash tax payable - reconciliation
Cash tax payable - reconciliation Statutory PBT to cash income tax payable $m 1H26 Statutory profit before tax as reported in Group Statement of Profit or Loss and Profit before tax 12.1 Other Comprehensive Income Permanent adjustments Share based payments expense 1.8 Not a deductible expense Provis
Slide 41: Half-on-half summary P&L
Half-on-half summary P&L $m, 6 month periods 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H24 / 1H24 1H25 / 2H24 2H25 / 1H25 1H26 / 2H25 Interest revenue 63.2 78.9 95.9 111.2 121.9 132.6 146.5 16% 10% 9% 10% Other income 0.6 0.8 0.9 3.0 2.4 2.6 3.0 251% (20)% 8% 18% Total revenue pre transaction costs 63.8 7
Slide 42: Key metrics
Key metrics $m H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 FY23 FY24 FY25 Loan originations ($m) 558.2 572.8 624.1 577.2 626.7 790.2 912.4 1,131.0 1,201.3 1,416.9 Average term of new originations (months) 64.6 64.2 64.4 63.8 63.8 63.8 66.5 64.4 64.1 63.8 Closing loan portfolio ($m) 1,547
Slide 43: Lending vertical metrics
Lending vertical metrics $m H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 FY23 FY24 FY25 Loan originations ($m) 558.2 572.8 624.1 577.2 626.7 790.2 912.4 1,131.0 1,201.3 1,416.9 Automotive 302.3 269.3 327.6 296.5 320.6 388.6 492.8 571.7 624.2 709.0 Renewable energy 52.6 69.4 76.3 83.2 87.8
Slide 44: NPAT to Cash NPAT reconciliation
NPAT to Cash NPAT reconciliation $m 1H23 2H23 1H24 2H24 1H25 2H25 1H26 FY23 FY24 FY25 NPAT 2.6 (16.2) 0.6 (15.3) 0.9 23.8 10.5 (13.6) (14.7) 24.8 Add: ECL provision expense1 4.2 10.1 1.5 11.5 (1.7) 4.4 (0.7) 14.3 13.0 2.8 Add: Share-based payments 1.4 1.9 1.8 1.4 1.5 1.7 1.8 3.4 3.2 3.1 Add: Depreci
Slide 45: Disclaimer and important notices
Disclaimer and important notices No recommendation, offer, invitation or advice The material in this presentation is general background information about Plenti Group Limited (the Company) and its subsidiaries, and is current at the date of the presentation, 18 November 2025 The information in this
Slide 46: Plenti
Plenti