Plenti Group Ltd

In January 2026, TAMIM Asset Management commented that Plenti Group Ltd (ASX:PLT) continued to execute strongly, with record loan originations, a near-$3 billion loan portfolio, improving credit losses, earlier-than-targeted achievement of the $3 billion portfolio goal, and a setback from the CFO’s resignation despite the business tracking ahead of forecasts. Overall, fund manager commentary on Plenti has become more positive over time, with the latest views emphasizing rapid growth, operating leverage, better underwriting, resilient margins, and strengthening funding as key drivers, while also noting that the stock is still exposed to non-bank lender risks such as recession sensitivity, funding conditions, and bad-debt cycles. Earlier commentary highlighted strong customer growth, controlled arrears, scale benefits, and a refreshed corporate strategy, while later commentary increasingly focused on the NAB partnership as a potentially transformative distribution channel and on Plenti’s low market share in auto and personal lending as a runway for further share gains. Across the set of fund manager views, the consensus is that Plenti is a well-capitalized, scalable fintech lender benefiting from structural tailwinds as major banks retreat from selected lending segments and as lower rates support demand, but investors should weigh that upside against cyclical credit risk, execution risk in scaling partnerships, and management continuity, particularly after the CFO departure. The most recent commentary implies that the business is moving from proof of growth to proof of durable profitability, with valuation seen as increasingly attractive if earnings momentum and credit quality hold.