Plenti Group Ltd. · ASX:PLT
Plenti — FY2026 Earnings Presentation
49 slides from Plenti's earnings presentation, May 20, 2026
Slide 1: FY26 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 FY26 Results Presentation Year to 31 March 2026
Slide 2: Plenti is a high-growth, profitable and cash generative digital lender
Plenti is a high-growth, profitable and cash generative digital lender with a $3bn+ prime consumer and commercial loan book Plenti’s technology platform sets us apart and allows us to: We are on a mission • Deliver outstanding customer and partner experiences Purpose • Operate across diverse and com
Slide 3: The Plenti platform efficiently supports our lending verticals
The Plenti platform efficiently supports our lending verticals across Automotive, Renewables and Personal loans High growth Automotive $3.1bn loan portfolio Better journeys, starting today +22% YoY • $3bn milestone hit Jan 2026 Profitable Renewable $3bn $30.8m FY26 Cash PBT Loan Book Transition +117
Slide 4: Plenti had an outstanding FY26 on all the metrics that matter
Plenti had an outstanding FY26 on all of the metrics that matter to deliver Cash PBT of $30.8m FY26 market guidance – delivered Growth Growth Efficiency Profitability Originations Closing loan portfolio Cost-to-net margin Cash PBT $1.9bn $3.1bn 56.7% $30.8m +32% pcp +22% pcp down 7% yoy +117% pcp $3
Slide 5: Macro & Markets
Plenti Macro & Markets Competitive Advantages Financial & Operational Results Strategy @ooe0o 80 6 Outlook
Slide 6: Plenti benefits from attractive markets that demonstrate strong growth
Plenti benefits from attractive markets that demonstrate strong growth and positive margin opportunities through time Portfolio net interest margin vs 3yr bond rate Loan 2H22 2H26 24% 4-year CAGR portfolio $1.3bn $3.1bn 6.0% Portfolio net interest margin Plenti has delivered 5.5% loan portfolio 5.0%
Slide 7: Proprietary technology enables growth across several large prime lending verticals
Plenti’s proprietary technology enables our growth across several large prime lending verticals Automotive annual Renewable annual Personal lending annual originations ($bn) originations ($bn) originations ($bn) 45 Demand drivers 1.2 Demand drivers 22 Demand drivers Plenti still has small • Australi
Slide 8: Competitive Advantages
Plenti Macro & Markets Competitive Advantages Financial & Operational Results Strategy Outlook 9oeo90 8 86
Slide 9: Our proven competitive strengths work together to deliver strong consistent performance
Our proven competitive strengths work together to deliver strong consistent performance and growth momentum Technology Plenti’s scalable digital platform effectively supports our lending verticals and creates Technology operating leverage as we grow, with a track record of improving cost effectivene
Slide 10: The Plenti platform delivers outstanding customer experiences
The Plenti platform delivers outstanding customer experiences, market diversity and an enviable 10+ year credit track record Plenti has a unique market presence with diverse and complementary Diversification distribution channels in three markets • Uniquely positioned as only NBFI lender across all
Slide 11: Loan origination growth has started a virtuous cash generation fly-wheel
Plenti’s loan origination growth, consistently low losses and cost leverage has started a virtuous cash generation financial fly-wheel Enabling diverse channels to market Penetration of large and attractive markets Rapid origination growth Fast, simple & easy customer journeys Consistently low loss
Slide 12: Financial & Operational Results
Financial & Operational Results
Slide 13: Plenti continued its strong growth trajectory in FY26
Plenti continued its strong growth trajectory in FY26 across all verticals and distribution channels Loan portfolio grew to >$3.1bn, … which drove meaningful … with continued momentum in with profitable growth across revenue growth to >$310m originations each lending vertical 1,868 3,106 18% origina
Slide 14: Technology, diversity and credit performance have combined to increase profitability
Plenti’s technology, diversity and credit performance have combined to deliver consistent increases in profitability Cash PBT ($m) Rapid origination growth 35 $30.8m Fast journeys + diverse ( ↑ 117%) channels 30 ↓ Penetrating large markets ↓ 25 Loan book growth 20 15 Ongoing 10 profit Cost leverage
Slide 15: Automotive loan book continued to grow strongly
Plenti’s automotive loan book continued to grow strongly, supported by diversified distribution across brokers, OEM partners and NAB Automotive loan book1 ($m) FY26 highlights • 40% originations growth on pcp, 24% 2,000 portfolio growth on pcp • Strong growth across both consumer and Closing loan bo
Slide 16: The renewable loan book grew significantly
The renewable loan book grew significantly, driven by demand for solar battery systems spurred by federal and state incentives Renewable energy loan book ($m) FY26 highlights • Significant growth in originations (+26%) 450 driven by strong consumer demand for solar battery systems Closing loan book
Slide 17: Significant growth in personal lending driven by technology enhancements
Significant growth in personal lending was driven by technology enhancements in our credit engine, customer journeys and third-party integrations Personal loan book ($m) FY26 highlights • Strong growth in originations (+23%) and 1,000 loan portfolio (+18%) across both direct and broker channels Clos
Slide 18: NAB powered by Plenti car loan continues to gain traction
“NAB powered by Plenti” car loan continues to gain traction across NAB’s customer base Building product maturity and further scale NPBP loan book ($m) 35% daily Expanding car loan distribution 120 originations growth – Expansion of distribution into NAB’s banker assisted channel is planned for rollo
Slide 19: Plenti achieved outstanding results across all financial metrics
Plenti achieved outstanding results across all financial metrics to more than double Cash PBT to $30.8m Loan portfolio • 23% increase in average portfolio on pcp to $2.8bn Growth Revenue • 20% revenue growth to $312m Cash PBT • Cash PBT of $30.8m – up 117% on pcp Margins • Expanded NIM by 14 basis p
Slide 20: 23% average loan portfolio growth to ~$2.8bn
Plenti delivered 23% average loan portfolio growth to ~$2.8bn, with a $3.1bn portfolio at 31 March 2026 Average loan portfolio ($m) Commentary 43% • 23% growth in average loan portfolio on FY25 to $2.8bn 23% – 43% growth over two years • Growth in revenue due to loan portfolio growth – interest 16%
Slide 21: Plenti expanded NIM to 5.5% in FY26
Plenti expanded NIM to 5.5% in FY26, supported by outstanding funding outcomes Net interest margin Commentary • Increased NIM 14bps in FY26 on FY25 1H 5.2% 5.3% 5.4% – Strong funding outcomes across ABS deals and 2H 5.2% 5.3% 5.5% warehouse extensions – Seeing benefit in credit rating outcomes from
Slide 22: Prime borrower focus delivered a net loss rate of 0.94%
Our focus on high quality prime borrowers delivered a net loss rate of 0.94% for the year Realised loan impairment expense (%) Commentary • Very strong credit outcomes throughout the year with 1H 0.99% 1.11% 0.94% realised loan impairments of 0.94% 2H 1.13% 1.10% 0.93% – Reflects high quality of Ple
Slide 23: Disciplined cost management and operating efficiency
Plenti continued to show disciplined cost management and operating efficiency to deliver positive jaws Operating costs vs net margin ($) Commentary • Key driver of the improvement in Plenti’s profitability in 80 recent years has been the differential in growth between net margin dollars (Margin) and
Slide 24: Growing loan book and cost leverage increased Cash PBT by 117%
Our growing loan book, prime credit approach and cost leverage increased Cash PBT by 117% to $30.8m $m FY25 FY26 % change • FY26 Cash PBT of $30.8m, up 117% on prior year, Cash NPAT of $27.3m, up 97% on prior year Interest revenue 254.5 305.4 20% Other income 4.9 6.8 38% – Will report Cash PBT as Pl
Slide 25: Operational cash generation enabled repayment of corporate debt
Substantial operational cash generation and efficient funding outcomes enabled repayment of $12.5m of corporate debt Corporate cashflow bridge ($m) Commentary Average funding portfolio equity • Given all technology spend is expensed, reduced from 2.4% to 1.9% corporate operating cashflow will move w
Slide 26: Excellent funding outcomes across warehouses and ABS transactions
Plenti delivered excellent funding outcomes across warehouses and ABS transactions in FY26 Loan portfolio funding ($m)1 Commentary • Very strong year for Treasury as Plenti continued to scale and diversify its funding base • Strong market conditions and execution delivered very efficient pricing out
Slide 27: Strategy
Plenti Macro & Markets Competitive Advantages Financial & Operational Results Strategy @©9oeoo0o90 86 Outlook
Slide 28: Having executed Horizon 1, we will now grow by also doing new things
Having executed Horizon 1 successfully, we will now “Grow by also doing new things” in Horizon 2 (Continuing optimisation) Horizon 1 Grow by doing what we do – but (Ongoing growth) better Horizon 2 Grow by also doing new things (Leverage optionality) Disciplined focus Horizon 3 • Large untapped mark
Slide 29: Continued focus on existing large markets makes absolute sense
Given the attractive returns from our relatively small shares of existing large markets, continued focus here makes absolute sense… Focus on existing core… …plus disciplined environment scan Automotive Opportunity criteria: • Continued optimisation of Consumer Auto Clear profit pools with attractive
Slide 30: Refreshed and relaunched Commercial Auto as first Horizon 2 opportunity
… and we’ve refreshed and relaunched Commercial Auto as our first Horizon 2 opportunity The Commercial Auto market Our refreshed Commercial … is delivering exciting early loan represents a significant and Auto product launch … origination growth momentum logical opportunity for Plenti • 1st new oppo
Slide 31: Outlook
Plenti Macro & Markets Competitive Advantages Financial & Operational Results Strategy ooe90890 86 Outlook
Slide 32: Outstanding track record and FY27 objectives
Plenti has an outstanding track record of delivering strong results every year since listing Our track record FY27 objectives FY24 FY25 FY26 Growth To build on loan origination growth momentum and exit Growth FY27 having achieved a $600m/quarter Profitability Continue to drive meaningful Cash PBT gr
Slide 33: Originations growth target would see steady-state portfolio surpass $5bn
Plenti’s ambitious loan originations growth target would see an implied “steady-state” portfolio surpass $5bn Illustrative portfolio growth with flat originations1 Mature steady -state 5.3 Illustrative loan portfolio growth profile $600m per quarter (continuously repeated) 5.1 based on flat originat
Slide 34: Appendices
Plenti Appendices
Slide 35: Key market statistics
Key market statistics Capital structure1 Share price and volume1 Company name Plenti Limited 1.8 7.0 ASX code PLT 1.6 Share price 81.5c 6.0 Daily volume traded (millions) Market capitalisation $148.5m 1.4 5.0 Shares on issue 182.2m 1.2 Daily close price Performance rights (4 May 2026) 11.3m 4.0 1.0
Slide 36: The Plenti Board has deep experience across lending and securitisation
The Plenti Board has deep experience across lending and securitisation, including experts and founders of ‘digital first’ financial service providers Mary Ploughman Peter Behrens Stephen Benton Daniel Foggo Jacqui Colwell Chair & Independent Non-Executive Director Non-Executive Director Non-Executiv
Slide 37: The executive team combines deep digital, lending and growth experience
The executive team combines deep digital, lending and growth experience with meaningful equity alignment Adam Bennett – CEO (1 year at Plenti) Selena Verth – Incoming CFO (July 2026) • Highly experienced financial services professional • Previously CFO of OFX Payments • Recently CEO of the NSW Land
Slide 38: Statutory cashflow
Statutory cashflow $m FY25 FY26 • Statutory operating cashflow in FY26 of $49.1m, compared with $64.5m in FY25 Operating cash flow • Decrease in statutory operating cashflow was mainly driven by: Interest income received 269.8 303.7 – Higher volume of BNPL / subvention loans in FY25 where merchant s
Slide 39: Corporate cashflow reconciliation – detail
Corporate cashflow reconciliation – detail Cashflow variance items FY26 Income tax provision 3.5 Cash tax provided for in result but not yet paid Corporate cashflow bridge ($m) $m FY26 Working capital movements (2.1) Largely prepayments, interest payable, GST and accruals Increase in balance sheet a
Slide 40: Balance sheet
Balance sheet $m 31-Mar-25 31-Mar-26 • Corporate cash position at 31 March 2026 of $58.6m with available cash of $34.6m Assets – $24.0m relates to loan collection accounts which are not available for corporate activities (31 March 2025: $22.3m) Cash and cash equivalents 176.4 241.6 • Total underlyin
Slide 41: Plenti funding structure equity investments
Plenti funding structure equity investments Auto PL & Green Auto PL & Green Auto PL & Green Auto PL & Green Total $m 2023-1 2024-1 2024-1 2024-2 2025-1 2025-1 2025-2 2026-1 ABS Issue date Jun-23 Feb-24 May-24 Nov-24 Feb-25 Jun-25 Nov-25 Feb-26 Deal size 406 375 458 330 509 400 559 400 31-March balan
Slide 42: Statutory tax - reconciliation
Statutory tax - reconciliation Statutory tax rate to effective tax rate $m FY26 Statutory profit before tax as reported in Group Statement of Profit or Loss and Other Profit before tax 17.9 Comprehensive Income Tax rate 30% Prima facie tax expense 5.4 Tax on statutory profit at 30% Permanent adjustm
Slide 43: Cash tax payable - reconciliation
Cash tax payable - reconciliation Statutory PBT to cash income tax payable $m FY26 Statutory profit before tax as reported in Group Statement of Profit or Loss and Profit before tax 17.9 Other Comprehensive Income Permanent adjustments Share based payments expense 3.7 Not a deductible expense Provis
Slide 44: Half-on-half summary P&L
Half-on-half summary P&L $m, 6 month periods 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 2H24 / 1H24 1H25 / 2H24 2H25 / 1H25 1H26 / 2H25 2H26 / 1H26 Interest revenue 63.2 78.9 95.9 111.2 121.9 132.6 146.5 158.9 16% 10% 9% 10% 8% Other income 0.6 0.8 0.9 3.0 2.4 2.6 3.0 3.8 251% (20)% 8% 18% 26% Total re
Slide 45: Key metrics
Key metrics $m H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 H2 FY26 FY23 FY24 FY25 FY26 Loan originations ($m) 558.2 572.8 624.0 577.2 626.5 790.2 912.4 955.7 1,131.0 1,201.2 1,416.7 1,868.1 Average term of new originations (months) 64.6 64.2 64.4 63.8 63.8 63.8 66.5 69.8 64.4 64.1 63.8 6
Slide 46: Lending vertical metrics
Lending vertical metrics $m H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 H2 FY26 FY23 FY24 FY25 FY26 Loan originations ($m) 558.2 572.8 624.0 577.2 626.5 790.2 912.4 955.7 1,131.0 1,201.2 1,416.7 1,868.1 Automotive 302.3 269.3 327.6 296.5 320.4 388.6 492.8 500.8 571.7 624.1 709.0 993.6 Re
Slide 47: NPAT to Cash NPAT reconciliation
NPAT to Cash NPAT reconciliation $m 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 FY23 FY24 FY25 FY26 NPAT 2.6 (16.2) 0.6 (15.3) 0.9 23.8 10.5 3.8 (13.6) (14.7) 24.8 14.3 Add: ECL provision expense1 4.2 10.1 1.5 11.5 (1.7) 4.4 (0.7) 8.3 14.3 13.0 2.8 7.6 Add: Share-based payments 1.4 1.9 1.8 1.4 1.5 1.7 1
Slide 48: 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, 20 May 2026 The information in this prese
Slide 49: Plenti
Plenti