Company Interview / Plenti-ful gains

Key Points:

$437 million in record quarterly loan originations for Plenti Group (ASX:PLT)Expansion in automotive, personal, and renewable loan sectorsAdministration of WA Government’s $200 million battery rebate schemeKey partnerships with National Australia Bank (ASX:NAB) and Tesla ($TSLA)

Plenti Group (ASX:PLT) posts its third consecutive quarter of record loan originations, totalling $437 million—up 44% year-on-year and 7% on the previous quarter. Adam Bennett attributes the company’s success to strong performance across automotive, renewables, and personal loans. Bennett identifies a strategic increase in business development, primarily via the broker network and digital channels, as key contributors to Plenti’s above-market growth. The loan portfolio has reached $2.7 billion, up 21%, with quarterly revenue also rising by 20%.

Bennett sees notable opportunities in Plenti’s automotive segment, which currently represents just 2% of the automotive finance market. With advanced digital technology streamlining customer journeys for both direct and broker-introduced clients, Bennett expects further penetration in this segment. He highlights Plenti's recent win to administer the WA Government’s battery rebate scheme, involving $200 million in interest-free lending finance. The project includes financing and administering rebates for up to 100,000 batteries across Western Australia.

In partnerships, Bennett points to the ongoing collaboration with National Australia Bank (ASX:NAB), where “NAB Powered by Plenti” auto loans are seeing momentum. Additionally, Tesla (NASDAQ: TSLA) customers benefit from Plenti’s digital lending products, boosting car sales volumes through joint subvention programmes. For FY26, Bennett targets a $3 billion loan book and delivering $25 million in efficiencies with a $69 million cost base.