Plenti Group Limited (ASX:PLT) Reports Strong FY25 Financial Results
Plenti Group Limited (ASX:PLT) announced its financial results for the year ending 31 March 2025, showcasing substantial growth across key metrics.
Financial Performance
The company reported a Cash NPAT of $13.8 million, a 126% year-on-year increase. Revenue surged by 23% to $259 million, while statutory profit reached $24.7 million. Underlying statutory profit stood at $6.4 million, despite non-recurring tax benefits.
Operational Highlights
Plenti achieved $1.4 billion in originations, marking an 18% increase from the previous year. The closing loan portfolio grew to $2.5 billion, up 19% year-on-year. The cost-to-income ratio improved to 23.9%, down from 26.5% in FY24, reflecting enhanced operational efficiency.
Market Expansion
The launch of NAB Powered by Plenti car loans was a significant milestone, delivering a 241% growth in Q4 FY25. Plenti continues to expand its market share in automotive, renewable energy, and personal finance sectors, leveraging its proprietary technology platform to deliver superior customer experiences.
Funding and Strategy
Plenti successfully completed two ABS transactions worth over $900 million, strengthening its diversified funding base. The company remains focused on creating long-term shareholder value through disciplined growth and strategic investments in technology.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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