Plenti

We're thrilled with how our French-themed platter turned out in celebration of the Olympics. And the best part? While the Olympics may come around every four years, we'll be serving up this culinary gold to our team every week. We're definitely raising the bar at snack time! 🥇

Plenti is delighted to be working with Tesla with the launch of our promotional 1.99% p.a. interest rate | 3.57% p.a. comparison rate* subvention finance campaign for select Tesla vehicles. The promotional interest rate applies only to Plenti secured car loans from 2 years to 5 years with no balloon payment, for the finance of a new Model 3 RWD or Long Range AWD vehicle where finance is approved by 31 August 2024 and vehicle delivered by 30 September 2024. With this offer, we are helping to make access to select Tesla vehicles more affordable for Australians. For more details on the offer, visit the Tesla website: https://lnkd.in/gjzTw8W5 *Comparison rate is based on a secured car loan of $30,000 repaid over 60 months at an interest rate of 1.99% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Credit subject to approval; T&Cs and credit fees and charges apply. 

We are pleased to announce our Q1 FY25 trading update. Highlights included: • Loan Portfolio Growth: Increased to $2.2 billion, 16% above PCP and 3% above prior quarter • NAB Partnership: Launched the ‘NAB powered by Plenti’ car loan to NAB employees, ahead of public launch • ABS Transaction: Completed $458 million secured automotive ABS transaction • Quarterly revenue: Achieved $60.9 million, 32% above PCP • Renewable Energy Funding: Secured up to $60 million from the Clean Energy Finance Corporation under its $1 billion Household Energy Upgrades Fund • CEO Transition: Adam Bennett commenced as the new CEO, bringing extensive financial services experience. CFO Miles Drury said regarding the update, “Plenti continues to demonstrate differentiated performances across growth, credit performance and profitability. A particular highlight of the quarter was the phase 1 launch of the ‘NAB powered by Plenti’ car and EV loan, which pleasingly is attracting strong feedback, giving us confidence in its longer-term impact to our business” Full Q4 FY24 update: https://lnkd.in/gR88csX8 *Please read important disclaimers on the website

Plenti is thrilled to have been selected by the Clean Energy Finance Corporation as the inaugural financier for its first investment under the $1 billion Household Energy Upgrades Fund. We are excited to play our part in driving down the cost of clean energy technologies, improving household sustainability, and reducing emissions through offering HEUF-funded Green Loan discounts and longer loan terms. Read here for more: https://lnkd.in/gQZqnKXT And further information from the Department of Climate Change, Energy, the Environment and Water can be found here: https://lnkd.in/g9U6uwHZ Chris Bowen MPJenny McAllister #PlentiNews #HEUF #NetZero *Please read important disclaimers and eligibility criteria on the website

At Plenti, we believe in giving back to our community and contributing to causes that make a difference. Once again, we came together for the annual #BiggestMorningTea and proudly raised funds for Cancer Council Australia! 🍩🍰☕ Cancer touches the lives of so many, with 1 in 2 Australians being diagnosed by the age of 85. By coming together, we hope to help reduce the impact of cancer and provide hope to those affected. Thank you to everyone for your donations. Well done, team! 💛 #BiggestMorningTea #CancerCouncil #LifeAtPlenti

We were pleased to announce our annual results for FY24 earlier today. Highlights included: • Closing loan portfolio of $2.1 billion, up 21% on prior year • Loan originations of $1.2 billion, up 6% on prior year • Revenue of $211 million, up 47% on prior year • Robust credit performance, with a 1.06% net loss rate • Cash NPAT of $6.1 million, up 36% on prior year CEO Daniel Foggo said regarding the update, “Plenti’s FY24 was defined by the strategic partnership we entered into with NAB, given the work that has gone into bringing the first product to life and the growth opportunity it represents. Additionally, growing Cash NPAT to $6.1 million in a year with headwinds across funding costs and industry credit losses is a testament to the strength of our technology-led business model and the talents of our team. We leveraged our diverse product set and capabilities across technology, customer reach, funding, and credit to deliver another differentiated performance. We enter our new financial year excited about continuing to build market share in each of our core lending verticals, while executing on the significant growth opportunity that our strategic partnership with NAB represents.” Full Q4 FY24 update: https://lnkd.in/gBnJJC3Y *Please read important disclaimers on the website

Today is IDAHOBIT Day, the International Day Against LGBTQIA+ Discrimination. At Plenti we are committed to building an inclusive and accepting workplace where everyone feels free to bring their full selves to work. To honour this commitment, we were proud to host events in our Sydney and Adelaide offices featuring team reflections on the journey towards ending LGBTQIA+ discrimination - and the work still needed to achieve full equality and acceptance. Together, we continue to strive for a more inclusive and equitable environment for all. You can find more information on IDAHOBIT Day here: https://lnkd.in/gJfDV_A #IDAHOBIT #Inclusion #Diversity #LGBTQIA

Plenti is thrilled to be the exclusive key delivery partner and finance provider for SA Power Networks’ Energy Masters project in South Australia! Customers can soon access appliance subsidies, simple retail offers, a smart home energy management system, and access finance through Plenti. We’re excited to be part of this unique collaboration alongside partners leading the way in energy. #EnergyMasters #PlentiNews Australian Renewable Energy Agency (ARENA) | SA Power Networks | RACE for 2030 | MAC Trade Services | Clipsal Cortex | Clean Energy Finance Corporation | Amber Electric | EnergyAustralia

We’re pleased to provide our Q4 FY24 trading update. Highlights included: • Loan portfolio increased to $2.14 billion, 21% above PCP and 3% above prior quarter • Loan originations of $286 million, 4% above PCP and broadly in line with prior quarter, reflecting ongoing focus on loan profitability • Annualised net credit losses of 102 basis points, down from 123 basis points in the prior quarter • Commenced testing of the “NAB powered by Plenti” car loan customer experience and NAB system integrations, ahead of expected delivery this quarter We also announced our (unaudited) 2H FY24 Cash NPAT was $4.6m, representing 48% growth on the prior corresponding period. This brings our (unaudited) full-year Cash NPAT to $6.1 million, representing 35% growth on FY23. CEO Daniel Foggo said regarding the update, “Our focus over the quarter was delivering on our full year objectives, whilst laying strong foundations across the technology and operational processes required for the upcoming ‘NAB powered by Plenti’ car loan launch. By delivering on our objectives we have continued to differentiate Plenti compared with other lenders in each of our diverse lending markets.” Full Q4 FY24 update: https://lnkd.in/g-Rq9RVc *Please read important disclaimers on the website

We’re pleased to release our Q3FY24 trading update, where we announced our achievement of a $2.07 billion loan portfolio. Highlights include: • The achievement of a $2.07 billion loan book, 24% above PCP and 4% above the prior quarter • Revenue for the quarter reached $54.4 million, 46% above PCP • 90+ day arrears remained steady at 46 basis points, consistent with the 45 basis points at the end of the prior quarter • Entering into a strategic partnership with NAB, initially to provide “NAB powered by Plenti” car/EV loans and to make Plenti renewable energy finance available to NAB customers CEO Daniel Foggo said regarding the update, "We achieved strong operational performance across all areas of our business in our third quarter, which was especially pleasing given the focus and resources applied to the establishment and then implementation of our strategic partnership with NAB. We enter 2024 excited about our ability to drive strong operational results in our existing activities, whilst also delivering on exciting new initiatives, most notably the launch of the ‘NAB powered by Plenti’ car loan.”