Plenti Group Limited reported a record Cash NPAT and a 21% year-over-year increase in its loan portfolio to $2.14 billion for the quarter ending March 31, 2024, driven by growth across automotive, renewable energy, and personal loans, alongside strategic advancements including a partnership with NAB for a car loan product.
The company also highlighted a strong demand for its ABS transactions, operational efficiencies leading to reduced funding costs, and an improvement in credit performance, setting a positive outlook for FY25.
ASX Code: PLT