--- title: "Plenti Surpasses $3b Loan Portfolio Goal in Record FY26 Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/283581484.md" description: "Plenti Group reported record FY26 results, surpassing its $3 billion loan portfolio target early, achieving a 117% increase in cash profit before tax to $30.8 million. Cash NPAT rose 97% to $27.3 million, with total loan portfolio expanding to $3.1 billion. Quarterly loan originations reached $475 million, a 17% increase year-on-year. The company completed a $400 million ABS transaction with the best pricing to date and reduced corporate debt to $20 million. Operational efficiency improved, and credit quality remained solid, positioning Plenti for continued growth." datetime: "2026-04-22T01:36:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283581484.md) - [en](https://longbridge.com/en/news/283581484.md) - [zh-HK](https://longbridge.com/zh-HK/news/283581484.md) generator: "portal-rs" --- # Plenti Surpasses $3b Loan Portfolio Goal in Record FY26 Results Plenti Group has reported a record FY26, surpassing its **$3 billion** loan portfolio target early and achieving a **117%** increase in cash profit before tax to **$30.8 million**, underpinned by strong origination growth and best-in-history asset-backed security (ABS) pricing. Cash NPAT also saw significant growth, up **97%** to **$27.3 million**. The company achieved its **$3 billion** loan portfolio target in **January 2026**, ahead of its scheduled **March 2026** timeframe. By **31 March 2026**, the total loan portfolio had expanded to **$3.1 billion**, marking a **22%** increase year on year. Quarterly loan originations for **4Q26** reached a record **$475 million**, representing a **17%** increase on the prior corresponding period, while total loan originations for FY26 rose **32%** to **$1,868 million**. **Strong Funding Outcomes** Plenti successfully completed a **$400 million** PL & Green ABS 2026-1 transaction. This achieved a weighted average margin of **1.15%**, which is the best pricing to date for any PL & Green transaction and **25 bps tighter** than the **May 2025** issuance. The company also reduced its corporate debt during the quarter, repaying **$12.5 million**. This brought the drawn corporate facility down to **$20 million**. Overall, Plenti has now completed over **$4.7 billion** in total ABS funding, demonstrating consistent and robust access to capital markets. **Operational Efficiency and Credit Quality** Operational efficiency continued to improve, with the FY26 operating cost-to-net margin falling below the target threshold to **56.7%**, reflecting strong cost management alongside growth. Credit performance remained solid, with annualised net losses for **4Q26** at **96 bps** and **90+ day arrears** at quarter end of **42 bps**. Both metrics were broadly stable quarter-on-quarter and down from the prior corresponding period, with a weighted average Equifax credit score at quarter end of **850**. The "NAB powered by Plenti" loan portfolio showed strong expansion, growing to **$121 million** (up **34%** quarter-on-quarter), highlighting the success of Plenti's strategic partnerships. **Consistent Growth Trajectory** Plenti has consistently demonstrated a strong growth trajectory over recent periods. Its **3Q26** update reported a loan portfolio of **$2.98 billion** at **31 December 2025**, with that **$3 billion** target met in **January 2026**. The **1H26** results saw Cash PBT increase by **147%** to **$14.1 million**, while loan originations for the half year surged by **46%** to **$912 million**. This sustained momentum underscores Plenti's ability to scale. Past ABS issuances, including a **$559 million** automotive ABS in **November 2025** and a **$400 million** PL & Green ABS in **May 2025**, also highlight the company's continuous evolution of its funding strategies to support its expanding loan book. **Plenti Delivers Strong Results** Plenti Group has demonstrated robust performance with record FY26 results, driven by strong loan origination growth and effective funding strategies. The company's ability to achieve key portfolio targets ahead of schedule and maintain solid credit quality while improving operational efficiency positions it well for continued expansion. ### Related Stocks - [PLT.AU](https://longbridge.com/en/quote/PLT.AU.md) ## Related News & Research - [ZYUS Life Sciences Corporation Announces Completion of Secured Loan Financing](https://longbridge.com/en/news/297568176.md) - [Loan Delinquencies Edge Lower in Q2, but Some Remain at Very High Levels. 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