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The lender originated $536 million in loans during the three months to 30 June 2026, up 22 per cent year on year and 13 per cent on the previous quarter, with each of its three lending divisions recording its strongest quarter on record.
Plenti said that consumer demand across its key lending segments, which include automotive, renewable energy, and personal lending, all held firm despite ongoing economic uncertainty.
June alone delivered a record $221 million in loan originations, representing a 39 per cent increase on the same month last year.
The result saw Plenti’s total loan portfolio grow to $3.3 billion, up 23 per cent year on year and 6 per cent from the previous quarter.
“Delivering record originations across all three of our lending verticals is a fantastic way to open FY27 and our Horizon 2 strategy,” CEO Adam Bennett said.
“The result reflects our investment in growth during 2H26 now delivering value, with extra capacity enabling record volumes while maintaining our high operating and customer service standards.”
Growth across all lending segments
Automotive lending remained Plenti’s largest business, with quarterly originations reaching a record $281 million, up 23 per cent year on year.
The lender said demand strengthened throughout the quarter, particularly in June, as borrowers brought forward vehicle purchases ahead of the end of the financial year.
Indeed, June proved to be a bumper year for car demand. A total of 140,058 new vehicles were sold across all sources in June, marking the highest monthly sales figure ever recorded in Australia, according to new data from the Federal Chamber of Automotive Industries (FCAI).
The most significant shift came from the electric vehicle market, with battery electric vehicles (BEVs) accounting for 23.3 per cent of sales from all sources in June.
The lender’s NAB powered by Plenti automotive portfolio, which was launched in partnership with National Australia Bank in 2023, also continued to expand, growing 26 per cent over the quarter to $153 million.
Renewable energy lending posted the strongest annual growth, rising 77 per cent to a record $86 million.
Plenti attributed the increase to continued government support for household energy upgrades, including federal and state incentive programs, as well as its appointment as one of the inaugural finance providers under the NSW government’s Home Energy Saver program.
Meanwhile, personal loan originations climbed to a record $168 million, up 5 per cent from a year earlier. Plenti said the result reflected strong demand across both its broker and direct distribution channels, alongside technology improvements that continued to drive repeat borrowing and cross-sell opportunities.
Credit performance remains stable
Despite the strong growth in lending volumes, Plenti said credit quality remained resilient.
Annualised net credit losses were broadly in line with recent quarters when excluding the impact of a debt sale completed during the period, while loans more than 90 days in arrears remained at 46 basis points.
The weighted average Equifax credit score across the portfolio also improved slightly to 851, with the lender reiterating its focus on lending to prime-credit customers.
While acknowledging continued geopolitical and macro-economic uncertainty, Bennett said the diversity of Plenti’s loan book positioned the lender well for onward expansion.
“We’re excited about what we can achieve both operationally and strategically in FY27 and beyond and remain focused on increasing efficiency and profitability as the loan book scales, all while we maintain the prime credit quality that has always defined Plenti,” Bennett said.
Looking ahead, Plenti said it remained on track to meet its FY27 objectives, including reaching quarterly loan originations of $600 million by the end of the financial year.
[Related: ‘Significant indicators of consumer harm’ found in car lending]
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