Newsroom
Updates
12 May 2025
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3 minute read

Plenti Lending Platform: March 2025 quarterly data report

Plenti is pleased to provide the quarterly data report in relation to the Plenti Lending Platform (PLP) loan book.

Shareholders in Plenti should be aware that the data provided in this report only relates to the PLP and does not provide a complete picture of Plenti's total loan portfolio. Shareholders should refer to Plenti's ASX releases for data in relation to the performance of the entire Plenti loan portfolio.

PLP lending statistics at 31 March 2025
Total amount lent1$1,246,006,732
PLP loan book$133,865,784
Total Interest paid earned$113,443,382
Number of loans outstanding12,472
Average outstanding loan amount$10,733
Weighted average remaining term37 months

1Lending statistics since inception

An important feature of the PLP is the Provision Fund. The Provision Fund comprises cash held on trust for the benefit of members who invest via the PLP and is designed to help protect them from loss in the event a borrower misses a payment or defaults.  Information on the Provision Fund position at 31 March 2025 is set out below.

Provision Fund and expected loss data at 31 March 2025
Cash in Provision Fund1$8,771,502
Expected Provision Fund inflows2 $300,934
Provision Fund total3 $9,072,436
Provision Fund total as % of loan book 6.8%
Claims made on Provision Fund to date 100%
Claims paid by Provision Fund to date100%

1 Funds currently held as cash at bank
2 Expected Provision Fund inflows represents contracted PLP borrower contributions to the Provision Fund due over the lifetime of outstanding PLP loans, adjusted to reflect expected early repayments and bad debt
3 Provision Fund buffer is the sum of money in the Provision Fund and expected future Provision Fund inflows

PLP loan and borrower characteristics at 31 March 2025 (based on principal outstanding)

No items found.

Important information*

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of Plenti as at the date of publication and may later change without notice.

Acknowledgement of Country

Plenti respects and honours Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living cultures of Aboriginal and Torres Strait Islander peoples on this land and commit to building a brighter future together.

We recognise the Gadigal people of the Eora Nation, who are the traditional custodians of the land on which Plenti’s Sydney office stands, and the Kaurna people as the traditional owners of the Country where our Adelaide team is located.