Rapid loan growth and an expanded partnership with NAB have capped a milestone year for the fintech lender.
Non‑bank lender Plenti Group has posted a record financial year 2026 result, growing its loan portfolio to $3.1 billion with automotive, renewable energy, and personal lending volumes climbing.
Plenti surpassed its long‑flagged $3 billion loan portfolio goal in January 2026, finishing the March year with a $3.1 billion book, up 22 per cent on the prior year.
The group wrote $1.9 billion in new loans over FY26 – a 32 per cent lift on the previous corresponding period.
The lender said growth was consistent through the year, with each quarter of FY26 exceeding its prior‑year equivalent and the March quarter setting a new high‑water mark for daily volumes.
Plenti flagged March‑quarter originations of $475 million, up 17 per cent yoy.
Across the $3.1 billion portfolio, automotive loans account for $1.78 billion, personal loans for $900 million, and renewable energy loans for $427 million.
Automotive momentum as commercial strategy ‘refreshed’
Automotive lending remained the standout growth engine, with FY26 auto originations climbing to $994 million, 40 per cent higher than a year earlier.
Plenti attributed the uplift to continued expansion in both consumer and commercial segments and the ongoing ramp‑up of the “NAB powered by Plenti” car loan product.
The lender reported that it had now funded around 90,000 vehicles and that its automotive loan portfolio expanded 24 per cent over the year.
The commercial auto business was a particular focus, with originations jumping 50 per cent following what Plenti called a refresh and relaunch of its commercial auto strategy.
Plenti said the revamped approach was already delivering “early exciting early loan origination growth momentum”, noting it had mapped six commercial aggregators covering a combined 341 commercial‑focused brokers.
Renewables and personal loans build diversification
Renewable energy originations rose 26 per cent over FY26 to $239 million, supported by what the lender described as continued take‑up of solar and battery products.
Personal loan originations reached $636 million, up 23 per cent year on year, with the company crediting its digital acquisition channels and growing API‑based integrations to “key referral partners”.
NAB partnership scales
A key theme in the FY26 update was the evolution of Plenti’s partnership with National Australia Bank (NAB), which offers a co‑branded “NAB powered by Plenti” car and EV loan to NAB customers.
Plenti reported that the program’s loan portfolio grew to $121 million by 31 March 2026, up 34 per cent on the prior quarter, with average daily originations in the March quarter rising 35 per cent.
On the back of that momentum, Plenti and NAB have brought forward the scheduled review of the car loan partnership to allow for greater NAB investment.
As part of the reset, Plenti has agreed to bring forward a step‑down in the upfront fee it receives on each funded loan and to remove the guaranteed minimum monthly value of those upfront fees.
The lender said distribution of the co‑branded car loan would be broadened into NAB’s banker‑assisted channels over coming months.
It also plans to launch a renewables referral program to NAB’s home owner customer base in the first half of FY27.
Target lifted to a $5bn loan book
Plenti reported cash NPAT of $27.3 million for FY26, representing a 97 per cent increase on the prior year.
CEO Adam Bennett said the performance reflected strong portfolio growth, disciplined margins, and “excellent” credit settings.
“FY26 was a year of strong delivery for Plenti, with the team executing on every element of our FY26 objectives and reaching the $3 billion loan portfolio milestone well ahead of schedule,” Bennett said.
Looking ahead, Bennett said the lender was focused on building from its current position towards a significantly larger portfolio over the medium term.
“I’m extremely excited about the year ahead as we continue to make progress towards our medium‑term ambition of reaching a $5 billion loan book,” he said.
[Related: Plenti portfolio grows by a fifth after originations surge]
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