ASX-listed Plenti Group Limited have announced the pricing of a $509 million asset-backed securities (ABS) transaction backed by prime automotive loan receivables (the Plenti Auto ABS 2025-1).The transaction is Plenti’s fifth automotive loan ABS and ninth ABS transaction overall, with total issuance across Plenti’s public securitisation programs now exceeding $3.4 billion.The transaction, the first deal to price in the Australian securitisation market in 2025, received very strong demand from both domestic and offshore investors and priced at better levels than similar deals last year with the weighted average note margin being ~25 bps lower than the equivalent Plenti Auto ABS transaction in 2024.Commenting on the transaction, Miles Drury, Plenti’s Chief Financial Officer, said, “This was a fantastic transaction for Plenti with record total demand and a record number of investors participating in the transaction. The very strong interest allowed the deal to be priced meaningfully better than levels seen in the market at the end of 2024 with excellent investor support across both domestic and international markets.“The transaction is a credit to the Plenti Treasury team who have continued to proactively build relationships with ABS investors globally and educate them on the quality of the Plenti loan portfolio and our growth story.”The transaction is expected to settle on or around 13 February 2025, subject to satisfaction of customary conditions precedent.National Australia Bank acted as arranger and BofA Securities, National Australia Bank and Westpac Banking Corporation acted as joint-lead managers

ASX-listed Plenti Group Limited have provided a trading update for the quarter ended 31 December 2024 (3Q25).Plenti have achieved an all time record quarterly loan originations of $383.3 million, 32% above the previous corresponding period (PCP) and 19% above prior quarter, with strong growth across all lending verticalsPlent’s loan portfolio has increased to $2.4 billion, 16% above PCP and 5% above prior quarter.In addition to those achievements, Plenti’s quarterly revenue reached $65.7 million, 21% above PCP, driven by loan portfolio growth and increased customer interest rates.Commenting on the quarter, Adam Bennett (pictured), Plenti’s Chief Executive Officer said, “Plenti delivered an outstanding quarter, achieving record originations and strong growth in all verticals. The result reflected effective execution across all parts of the business as well as the benefits of our technology-based partnerships. We were also delighted with the strong credit results, reflecting the prime nature of Plenti’s loan portfolio. This was an exceptional quarter and pleasingly we continue to see momentum in profitability as the business scales.“Looking ahead, we remain very focused on growth in our core business and complementing this with our NAB partnership, where several important developments are planned for the months ahead as we start to ramp up volume.”

ASX-listed Plenti Group have provided its results for the six-month period ended 30 September 2024 (1H25), with increased profitable growth across the boards.Highlights for the period included a closing loan portfolio of $2.3 billion, up 14% on the prior corresponding period (pcp), loan originations of $627 million, up 0.4% on pcp, and half-year revenue of $124.2 million, up 28% on pcp. Plenti also had cash NPAT of $5.5 million, up 260% on pcp.Commenting on the profitable growth of the half, Plenti CEO Adam Bennett said, “Having joined the Plenti business in July this year I’m extremely excited by the capabilities the business has and the opportunity that this presents. In particular, I’m delighted by the quality of our people, our proprietary technology and our ability to partner with others to address customers’ borrowing needs. The 1H25 results reflect the great work of the team leveraging these capabilities to deliver strong operating and financial results and I’m looking forward to continuing to grow the business through disciplined execution of our priority opportunities.”