Plenti Group Limited (PLT)

Plenti has demonstrated rapid growth, consistently expanding its loan portfolio which now exceeds A$2 billion. The company has successfully shifted its focus from pure top-line growth to profitability, recently achieving positive Cash Net Profit After Tax (NPAT), a critical milestone for a fintech lender. Its performance is underpinned by a diversified loan book across automotive, renewable energy, and personal loans, and a sophisticated credit decisioning engine that has kept arrears at relatively low levels. Funding is secured through a mix of warehouse facilities and successful Asset-Backed Securities (ABS) issues, which lower the cost of capital as the business scales.

Plenti's growth outlook is tied to its ability to continue gaining market share from incumbent banks and less technologically advanced non-bank lenders. Key strategic priorities include scaling its loan book to improve operating leverage, further optimising its funding costs through the securitisation market, and potentially expanding its product offerings. Upcoming catalysts include quarterly trading updates demonstrating sustained loan origination growth and stable credit quality, as well as annual results that confirm a sustained trend of profitability. The expansion of electric vehicle financing presents a significant, specific growth avenue within its existing automotive and renewable energy verticals.