Plenti Group's half-year performance highlights

Plenti Group (ASX:PLT) has announced its financial results for the half-year ending 30 September 2024. The fintech lender reported a 28.4% increase in revenue, reaching $124.25 million. Profit after tax rose by 48.9%, totaling $935,000. Despite the impressive growth, no dividends were declared.

Plenti Group's strategic overview and future outlook

Plenti Group has shown significant growth in revenue and profit for the half-year ending 30 September 2024. The company reported a 28.4% increase in revenue to $124.25 million and a 48.9% rise in profit after tax to $935,000. Plenti's loan portfolio grew to $2.28 billion, and it achieved loan originations of $627 million. Operational achievements include the integration of the 'NAB powered by Plenti' car loan and a successful $458 million ABS issuance. Plenti secured $60 million in renewable energy funding and completed a $330 million ABS issuance after the reporting period. The company aims to continue leveraging its technology platform for growth and maintain strong credit performance. With a focus on operational efficiency and strategic partnerships, Plenti is well-positioned for future expansion.

Executive insights on Plenti Group's financial results

The company's financial performance for the half-year demonstrates our ability to drive growth while maintaining strong credit performance. The successful integration with NAB and the completion of key ABS issuances underline our strategic focus on leveraging technology and smart funding solutions to support our growth ambitions.