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Plenti 17 NOVEMBER 2021 ASX RELEASE Plenti delivers outstanding H1 , achieves monthly Cash NPAT profitability and hits $ 1 billion loan portfolio Plenti Group Limited ( Plenti ) is pleased to announce its half - year results for the six months ended 30 September 2021 ( 1H22 ) , announce significant milestones achieved post half - year end , and announce new financial objectives . Financial highlights - - Record half - year loan originations of $ 473 million , up 183 % on prior comparable period ( PCP ) Record loan portfolio at half - year end of $ 915 million , up 110 % on PCP Record half - year revenue of $ 37 million , up 43 % on PCP ( interest income up 53 % ) Cash NPAT of $ ( 2.2 ) million , a 56 % improvement on 2H21 Market - leading credit performance , with 0.7 % net realised loss rate $ 306.3 million inaugural asset - backed securities transaction , significantly reducing funding costs Corporate cash position maintained over the half , despite $ 300 million loan portfolio growth Operational highlights Launched commercial auto loan in May , doubling addressable automotive market Materially reduced operating costs per dollar funded , evidencing operating leverage Continued to deliver significant technology and product advancements Significant milestones achieved post half - year end Positive monthly Cash NPAT achieved in October $ 1 billion loan portfolio reached in November Launched specialist EV loan New financial objectives set 2H22 objectives о Closing loan portfolio > $ 1.25 billion о Cash NPAT > $ 1 million O Cost - to - income ratio < 50 % An ambition to reach $ 5 billion loan portfolio in calendar 2025 Commenting on the half - year result , Daniel Foggo , Plenti's Chief Executive Officer , said : " This was an outstanding half for Plenti . We grew strongly and evidenced our operational leverage , which set us up to achieve profitability in the second half . " As an Australian fintech lending pioneer , being the first listed fintech to achieve a $ 1bn loan portfolio is a significant milestone on our mission to build Australia's best lender . It shows that our technology - led offering is resonating with our partners and customers . Plenti Group Limited ABN 11 643 435 492