Announcement PDF Half-year to 30 September 2025 1H26 Results Presentation ASX RELEASE Plenti Group Limited (ASX:PLT) Authorised for release by the Board of Plenti Group Limited For more information please contact: Adam Bennett, CEO, shareholders@plenti.com.au Miles Drury, CFO, shareholders@plenti.com.au • We are Australia’s largest fintech consumer lender • Our Cash NPAT is growing rapidly • We deliver market leading customer experiences via our proprietary technology platform • We’re growing market share rapidly by setting new standards in automotive, renewable energy and personal finance • We have diverse and complementary distribution channels to market (direct, brokers, installers, partnerships) • We fund prime borrowers and have an exceptional >10 year credit track record • We have deep and diversified funding, including low-cost and flexible retail investor funding • We have a long-term focuson creating shareholder value Plenti is a technology-led lender 2 Purpose To bring our customers’ big ideas to life Vision Fairer, faster loans through smart technology Mission To build Australia’s best lender We are on a mission Highlights 4 Closing loan portfolio $2.8bn +24% on pcp Statutory NPAT $10.5m from $0.9m in pcp Originations $912m +46% on pcp Progressed our Horizon 1 strategy, Grow by doing what we do – but better with disciplined focus across our core lending verticals Closing 90+ arrears1 39bps Down 10bps yoy Cost-to-net margin 57.1% down 8% yoy Cash NPAT $12.8m +133% on pcp Plenti had an outstanding 1H26, delivering Cash PBT of $14.1m supported by profitable portfolio growth and strong credit Cash PBT $14.1m +147% on pcp 1. The 90+ days arrears value has been updated against the 35bps reported at 2Q26 – due to a system reporting issue the value was initially slightly understated, which was identified through review and reconciliation procedures for the month 2. Loan originations and portfolio figures include NAB powered by Plenti (NPBP) portfolio 146 464 899 1,136 1,302 1,618 71 114 165 237 304 376 218 337 484 620 670 838 435 915 1,548 1,992 2,278 2,832 1H21 1H22 1H23 1H24 1H25 1H26 Automotive Renewable energy Personal 26 37 64 97 124 150 1H21 1H22 1H23 1H24 1H25 1H26 Plenti continued its strong growth trajectory in 1H26 with performance continuing to accelerate 5 33% loan revenue 3-year CAGR Loan portfolio grew to >$2.8bn, with profitable growth across each lending vertical … which drove meaningful revenue growth to ~$150m for the half … with continued momentum in originations growth on pcp 70%1 Auto/ Green 1. Lower credit risk secured automotive and unsecured renewable energy loans represented 70% of the loan portfolio at the end of 1H26 2. Automotive portfolio figures include NAB powered by Plenti (NPBP) portfolio 3. 1Q25 originations fell on pcp with the removal of instant asset write off tax concessions that drove strong origination volumes in 1Q24 3 2 (9)% 11% 32% 42% 44% 47% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 22% loan portfolio 3-year CAGR 6 Plenti accelerated profitability in 1H26 with Cash PBT for the half equivalent to the full year FY25 result (15) (10) (5) 0 5 10 15 20 FY20 FY21 FY22 FY23 FY24 FY25 1H26 Cash PBT ($m) • Cash PBT result of $14.1mup 147% on prior year ($5.7m) – 1H26 deliveredequivalent profitabilityto entire FY25 ($14.2m Cash PBT) • Cash NPAT result of $12.8m, representsgrowth of 133% on 1H25 • Focus on both Cash PBT and Cash NPAT reflective of Plenti transitioning to cash tax paying through FY26 / FY27 – Cash PBT providesbetter view on operating trajectory of the business through transition period • Profitabilitytrenddemonstratesleveragein the business as the loan book scales • Growing profitabilitynow allowingPlenti to fund loan portfoliogrowth from operating cashflows • Result is after the expensing all technology investment +2H26 Operational Performance 0 200 400 600 800 1,000 1,200 1,400 1,600 1H21 1H22 1H23 1H24 1H25 1H26 1H26 highlights • 54% originationsgrowth on pcp, 24% portfoliogrowth on pcp • Stronggrowth across both consumerand commercial offerings • Consumer growth supportedby continued product and policy enhancementsand expansion in active broker base • Commercial loan originationsincreasedby 46% with introductionof dedicatedresource focused on the channel • Continue to drive differentiation in broker experiencethrough technologyand service • Continuedexpansionof OEM and dealer partnerships including Tesla and Cadillac promotional offers • NAB poweredby Plenti volumes continuingto increase(see further slide 11) Plenti’s automotive loan book continued to grow strongly, supported by diversified distribution across brokers, OEM partners, NAB and auto dealerships 8 Closing loan book1 $1,618m Automotiveoriginations1 $493m >82k Vehicles funded to date Automotive loan book1 ($m) 22% 3-year CAGR +24% 1. Automotive loan book and originations figures include NAB powered by Plenti (NPBP) loans +54% 0 50 100 150 200 250 300 350 400 1H21 1H22 1H23 1H24 1H25 1H26 Closing loan bok $376m Renewable originations $106m 48% Installationsfunded with batteries 1H26 highlights • Significant growth in originations (+21%) driven by strong consumerdemandfor solar batterysystems – Supportedby federal and state battery rebate programs – Some offset from regulatorychangesand batterysupply chain constraints • Successful launchedof revisedBNPL offering post regulation change, with several large installersswitching to Plenti given superior product and customerexperiencein regulatedenvironment • Continued GreenConnect expansionwith addition of several energy retailer partnerships, broadeningVPP offerings and batteryeligibility • LaunchedWA Government Residential Battery Scheme in role as administratorand financier – Demandhas significantly exceeded expectations , managedsuccessfully via the scalable Plenti technology platform The renewable loan book grew significantly, driven by demand for solar battery systems spurred by federal and state incentive schemes 9 Renewable energy loan book ($m) 32% 3 -year CAGR +24% +21% +33% 0 100 200 300 400 500 600 700 800 900 1H21 1H22 1H23 1H24 1H25 1H26 Closing loan book $838m Personal lending originations $314m 82% H1 growthin cross sell & refinance 1H26 highlights • Stronggrowth in originations (+44%) and loan portfolio(+25%) across both direct and brokerchannels • Stablecredit quality and performance despite significant growth • Continuedinvestment in credit engine and customerjourney driving – higher automatedcredit decisioning rates – improvedborrower conversion metrics; – higher broker confidenceand multi- product usage • Significant API integrationlaunchedwith large rate comparison partner • Data infrastructure and borrowerportal improvementsdelivering increasedcross-sell and refinance volumes for existing customers Significant growth in personal lending was driven by technology enhancements in our credit engine, customer journey and third-party integrations 10 Personal loan book ($m) 20% 3 -year CAGR +25% +44% 0 10 20 30 40 50 60 70 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 110% daily originations growth 23% daily originations growth NPBP loan book ($m) “NAB Powered by Plenti” car loan originations have been growing quarter on quarter 11 Scale up phase Building awareness – Brandled car loan marketing activity – Car loan positioning and visibility within NAB portfolioof personal banking products – Integrationin key NAB customer systems Generating consideration – Targetedemail marketing campaignsto existing customers – NAB App and Internet Banking communications Converting demand – Plenti sales and customer support teams – Fast credit approvalsand loan settlements – Specialisedoffers and campaignsfor specific segments 1H26 highlights • NAB and Plenti product and marketing teams working together effectively to grow top of funnel and optimiseconversion rates • Multiple special offers launchedto NAB’s existing customers: – Customers refinancing their car loan with the NAB product – Promotion of NAB Comprehensive car insurance offer to NAB Car Loan customers • Significant growth in lending volumes per business day with continuedfocus on building further momentum Plenti’s partnerships provide external validation of our technology platform, and help diversify our channels to market 12 Strategic partnership to deliver innovative digital car loans to NAB customers Landmark battery initiative, delivering home battery rebates at scale Providing fast, convenient, and fully digital electric vehicle financing Proprietary “Green Connect” platform to simplify battery uptake and virtual power plant connections Deeply integrated finance offering in Tesla digital sales journey Technology enabled solutions to deliver Government-funded home battery scheme Investment in our proprietary technology underpins our partner relationships, growth and efficiency … providing a foundation for rapid change and AI adoption… • Strong operational efficiency, continuing to improve as product and process enhancements delivered • Rapid innovation to support partner requirements (e.g. Western Australia Battery Scheme) • AI adoption program accelerating Proprietary technology gives Plenti total control… • Refreshed corporate strategy directly drives technology innovations and enhancements • Continuous innovation with rapid delivery and shortened feedback loops • Highly differentiated customer and partner journeys • Innovation not reliant on technology vendor release timetables …to deliver real-world commercial outcomes • Highly awarded customer and partner journeys • Highly automated, with strong straight-through processing rates • 21% for personal loans1 in September 2025 (17% in March 2025) • 58% for auto loans2 in September 2025 (55% in March 2025) • Deep integrations with partners such as NAB validates strategic value • Differentiated platforms and offerings, including GreenConnect and Plenti Lending Platform 1. 21% of personal loans auto approved without staff intervention 2. 58% of automotive loans auto conditionally approved without staff intervention 13 Cost-to-income1 Cost-to-income continues to trend down at 23.5% in 1H26 – declining rate environment will tend to slow progression Cost-to-net margin1 Costs as a proportion of net margin (net income - funding costs) continues to decline Average loan portfolio per FTE2 ($m) Operating efficiency continues to be evident as loan portfolio grows Plenti’s scale is delivering meaningful improvements to our cost efficiency and productivity metrics 14 1. Costs in cost-to-income and cost-to-net margin metrics represent sum of sales and marketing, product development and G&A lines in P&L 2. Average loan portfolio per FTE represents average loan portfolio during the period divided by the average number of employees during the period 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 0% 20% 40% 60% 80% 100% 120% 140% 0 2 4 6 8 10 12 Average borrower credit score2 Very high weighted average credit scores have been maintained 500 600 700 800 900 Annualised net loss rate1 Annualised net credit losses remains low, supported by lower risk auto and renewables lending verticals Our focus on prime credit borrowers continues to differentiate our credit performance and loss rates 15 1. Annualised net loss rate is after the impact of debt sales, which occurred in 2H23, 1H24 and 1H25 2. Represents loan portfolio weighted average Equifax comprehensive credit score, where comprehensive score available. Australian average 734 as at December 2021 (source: www.savings.com.au) • Plenti is a prime lender, focused on lending to borrowers with strong credit characteristics • Period end portfolio characteristics included: – 849 weighted average Equifax credit score – 74% of lending to homeowners – Average borrower 40 years of age – High average income ~$120,000 • 1H26 net loss rate 0.94%, down on 1H25 (1.11%) • Australian consumers continue to be well placed with improving real income and low unemployment Australian credit active population average score 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% Covid period drove significantly lower loss rates across the industry Financial Results 17 Plenti achieved excellent results across all financial metrics to deliver a 147% increase in Cash PBT to $14.1m Growth Loan portfolio • 21% increase in average portfolio on pcp Revenue • 20% revenue growth to $150m Profitability Cash PBT • Cash PBT of $14.1m – up 147% on pcp Margins • Expanded NIM by 10 basis points with strong funding outcomes Costs • Operating costs increased 16% against net-margin growth of 27% Cash flow • Net $7.5m invested into funding facilities – covered out of operating business cashflows Funding ABS issuance • Completed PL&Green ABS transactions for $400m with further $559m Auto ABS priced post period – lifetime ABS issuance >$4.3bn Warehouses • Established cost-effective new warehouse facility with global investment bank (post period) – supports all three products Corporate funding • Growing operating cashflow supporting corporate cash position 1,886 2,202 2,674 1H24 1H25 1H26 Average loan portfolio ($m) 18 Plenti delivered 21% average loan book growth to ~$2.7bn, with a $2.8bn portfolio as at 30 September 2025 21% H1 FY24 H1 FY25 H1 FY26 Interest yield 10.2% 11.1% 11.1% Interest revenue ($m) 95.9 121.9 146.5 Originations ($m) 624.1 626.7 912.4 Amortisation rate2 3.5% 3.7% 3.9% Commentary • 21% growth in average loan portfolio on 1H25 – 42% growth over two years • Growth in revenue due to loan portfolio growth – interest yield now flattening in more stable rate environment • Originations of $912.4m up 46% on 1H25 • Amortisation rate increased slightly to 3.9% in 1H26 – consistent with strong credit conditions as consumer cashflow dynamics remained solid 17% 42% 1. Average loan portfolio, amortisation and originations include NPBP 2. Calculated as change in closing loan portfolio less new loan originations for the period as a % of the period average loan portfolio 5.3% 5.3% 5.4% 5.6% 1H25 portfolio 2H25 portfolio 1H26 portfolio Oct/Nov new originations Net interest margin1 (%) Commentary • Increased NIM 10bps on 1H26 – 1H25 NIM of 5.3% – Strong funding outcomes across ABS deals and warehouse extensions – Seeing benefit in credit rating outcomes from lengthening track record, particularly in automotive lending • Maintained NIM while growing average portfolio 40% over last two years – balanced focus on margin and growth • Exit rate NIM on new originations 5.6% for October – To maintain portfolio NIM need to originate loans at above portfolio average given higher-margin personal loans amortise faster than portfolio • Slightly elevated transaction cost yield in October based on lending mix in month, but is trending up based on increased proportion of direct marketing costs treated under effective interest rate accounting Plenti remained focused on disciplined and profitable lending with NIM expanding to 5.4% 19 1. Effective yield and transaction cost yield calculated as % of average loan portfolio 2. Funding costs calculated as % of average funding debt 3. NIM = net interest margin. Calculated as interest revenue / average loan portfolio 1H25 portfolio 2H25 portfolio 1H26 portfolio October new originations Effective yield1 11.1% 11.1% 11.1% 11.5% Funding costs2 5.7% 5.7% 5.6% 5.9% Net interest margin3 5.3% 5.3% 5.4% 5.6% Transactioncosts 1.1% 1.1% 1.0% 1.5% Commentary • 1H26 net realised loan impairments stepped down to 0.94% reflecting high quality of Plenti borrowers and solid consumer credit position • October average net loss rate of 1.04% is broadly representative of current portfolio performance • ECL provision at 30 September 2025 was $49.4m or 1.8% of loan portfolio – Meaningful stepdown in provision rate against portfolio with 90-day arrears reaching a low of 39 basis points at 30 September Our focus on high quality prime borrowers delivered a net loss rate of 0.94% for the half 20 % of loan portfolio 1.98% 1.78% 49.9 49.4 4.3 (4.8) (0.1) Mar-25 Portfolio growth Provision rate Macro overlay Sep-25 Expected credit loss provision ($m) 1.11% 1.10% 0.94% 1.04% 1H25 portfolio 2H25 portfolio 1H26 portfolio Oct portfolio Realised loan impairment expense (%) 0 10 20 30 40 50 60 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 Operating costs vs net margin ($) Net margin Operating costs Plenti continued to show disciplined cost management and operating efficiency to deliver positive jaws 21 Commentary • Key driver of the improvement in Plenti’s profitability in recent years has been the differential in growth between net margin dollars (Margin) and operating costs – Margin has grown at a CAGR of 37% since 1H21 – Operating costs have grown at a CAGR of 23% • In 1H26 Margin grew at 27% against operating cost growth of 16% • Operating cost efficiency enabled by Plenti’s technology platform allows the business to scale efficiently with ongoing focus on continuous improvement 1. Net interest margin calculated as net income less loan funding costs • Half year Cash PBT of $14.1m, up 147% on prior year and Cash NPAT of $12.8m, up 133% on prior year – Will report Cash PBT as Plenti transitions to full tax-paying • Growth in revenue of 20% reflected 20% increase in average loan portfolio with stable average borrower rates • 17 basis point reduction in loss rates saw realised losses grow modestly at 1% despite material loan portfolio growth • Modest increase in Sales and marketing expenditure and Product development reflecting ongoing investment in teams – Per usual approach, all technology spend expensed in the period • Operations expense growth of 33% to support origination growth of 46% on pcp with 18% growth in other overheads • Statutory income tax expense of $1.6m includes $2.9m benefit from carried forward tax losses not previously recognised by Plenti– see appendix slide 39 for detailed reconciliation • $1.3m provision for cash tax reflects estimated share of full year FY26 cash income tax payable relating to first half earnings (see further appendix slide 40) Our growing loan book, prime credit approach and cost leverage increased Cash PBT by 147% to $14.1m 22 $m 1H25 1H26 % change Interest revenue 121.9 146.5 20% Other income 2.4 3.0 27% Total revenue pre transaction costs 124.2 149.5 20% Transaction costs (12.6) (12.8) 1% Net income 111.6 136.7 22% Loan funding costs (63.2) (75.2) 19% Expense passed to unitholders (0.1) 0.2 (342)% Customer loan impairment expense (10.5) (11.8) 13% Realised loan impairment expense (12.2) (12.4) 1% ECL provision expense 1.7 0.5 (69)% Sales and marketing expense (7.1) (7.5) 4% Product development expense (7.0) (7.6) 8% General and administration expense (16.0) (20.1) 25% Operations expense (7.9) (10.5) 33% Other overhead expense (8.1) (9.5) 18% Corporate funding cost (1.8) (1.8) 5% Depreciation & amortisation (0.8) (0.8) 2% Income tax benefit / expense (4.2) (1.6) (63)% NPAT 0.9 10.5 1,026% Cash PBT 5.7 14.1 147% Cash NPAT 5.5 12.8 133% 306 437 406 458 559 509 280 300 375 330 400 FY22 FY23 FY24 FY25 FY26 YTD ABS execution track record Personal & Green Auto 201 1,664 1,005 210 30 Sep 2025 Loan portfolio funding ($m)1 Plenti has a well established, diverse and scalable funding platform that provides a reliable foundation for growth Commentary • Plenti continues to scale its funding program and investor base as the loan portfolio grows with a continued focus on diversity • Strong market conditions and execution delivered very efficient pricing outcomes for FY26 transactions – lowest weighted pricing since 2021 • Signed a new warehouse facility with global investment bank and a large credit investor in October 2025 to fund both secured and unsecured products providing additional scale and diversity to support strong origination growth 1. Warehouses include settlement facility. Both warehouses and ABS funding values include notes held by Plenti ($88m equity notes, $9.1m junior commission notes and $5.5m contingent notes) which eliminate on consolidation in the Group financial statements 2. Auto 2024-1 ABS weighted average note margin 1.5%, Auto 2025-1 ABS weighted average note margin 1.2% Weighted average note margin Personal & Green 1.6% 2.2% 1.9% 1.4% 1.4% Auto 1.0% 1.7% 2.0% 1.5% / 1.2%2 1.0% 23 Warehouse headroom Warehouses - drawn ABS structures Marketplace lending platforms Potential 2H issuance Strategy Despite significant recent growth, Plenti still has a small share of the large markets in which it operates 25 Estimated market share1 FY25 1H26 growth Estimated market share1 1H26 Plenti Market Automotive ~1.9%2 ~54% ~10% 2.3%2 Renewable ~24%3 ~21% ~20% 25%3 Personal lending ~3.5%4 ~44% ~20% 4.2%4 1. Market size and growth defined in relation to annual originations for each respective vertical 2.. Automotive market size based on ABS Lending Indicators Table 27 fixed term loans, purchase of road vehicles LTM to September 2025 and management estimates 3. Renewable market size based on reported originations data for key market participants and management estimates 4. Personal lending market size based on ABS Lending Indicators Table 27 fixed term loans LTM to September 2025, excluding refinancing and purchase of road vehicles Our proven competitive strengths work together to deliver our performance and growth momentum 26 Our partnership Our credit and pricing technology • End-to-end cloud native stack • Commercially collaborative culture • Proprietary credit engine • Enables fast, simple and easy customer journeys • Automated and instant “Application to approval” (selected loans) • Proven technology integration capabilities • Deeply embedded in third party customer journeys • Prime lender focus and discipline • Historically low losses capabilities Our proprietary The Plenti differentiators • Price for risk 27 We have made solid progress against our growth ambitions, delivering on our core Horizon 1 objective March 2026 March 2028 March 2030 Horizon 1 Grow by doing what we do – but better Disciplined focus Horizon 2 Grow by also doing new things Horizon 3 Grow by scaling boldly into new opportunities 54% growth in automotive originations 21% growth in renewable originations 44% growth in personal lending originations Significant growth in NPBP volumes Establishment of WABS Strong progress towards $3bn portfolio Disciplined expansion Maintain and grow our existing verticals whilst simultaneously looking outwards to potentially: • Expand into adjacent products • Create new verticals • Engage new strategic partners Expand our thinking Leverage the growing scale of the business Explore a greater range of potential options available to a profitably scaling business: • Additional products • Potential acquisitions We are here! 28 Parts of the business are now turning their attention to key Horizon 2 initiatives To grow by also doing new things we are building on our core strategic capabilities Proprietary technology stack to providecustomers and partners with fast, simple and consistentdigital journeys,with a low cost of manufacture Data & artificial intelligence to drive fast and reliablecredit decisions,reduce operatingcosts, optimisepricing and uplift customer cross-sell capabilities Deeper relationships with targetcustomersand partners supportingdiverse and complementary distributionchannels Which is enabling disciplined expansion of the business with a focus on With an initial set of projects and focus areas to be progressed from early FY27 Our strengths that can create a sustainable competitive advantage Markets and segmentsthat can add meaningful additionalscale to the business Opportunities where disciplined execution can deliverattractive returns over the medium-term Customers and distribution that support the ongoing growth of our existinglines of business Scale Synergy Advantage Economics 29 We are on track to deliver a $3bn loan book by March 2026… 5-year strategic horizon FY26 FY27 FY28 FY29 FY30 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY26 objective $3bn loan book (Sept-30) $3bn loan book (Oct-26) $3bn loan book (Mar-26) Historic run-rate • Assuming loan book amortisation of 3.7% per month – consistent with FY25 actual Breakout growth strategy launched • Deeper relationships • Better use of data & AI • Proprietary technology stack Significant acceleration achieved 2Q25 run-rate $323m originations 4Q25 run-rate $407m originations 2Q26 run-rate1 $475m originations 1. Loan portfolio projection calculated using a 3.9% amortisation rate consistent with 1H26 actual amortisation rate. Maintenance of 2Q26 origination rate would see $3bn loan book achieved in 4Q26 30 … with a substantially larger “steady-state” portfolio implied based on recent origination rates 1. This is a mathematical exercise only and does not factor in any changes to originations composition, loss rate or amortisation rates. Illustrative scenario analysis only, not provided as a forecast Mar-28 Mar-30 Mature steady-state $475m per quarter (2Q26 rate) $437m per quarter (1Q26 rate) $407m per quarter (4Q25 rate) Portfolio growth rate and indicative mature “steady-state” loan portfolio size is a function of ongoing quarterly origination rate Business objective is to continue to accelerate originations through Horizons 2 and 3 as part of our breakout growth strategy $3.7bn $3.9bn $4.1bn $3.5bn $3.6bn $3.7bn $3.3bn $3.4bn $3.5bn 2.8 3.0 3.2 3.4 3.6 3.8 4.0 4.2 Illustrative portfolio growth with flat originations1 2Q26 originations 1Q26 originations 4Q25 originations Illustrative loan portfolio growth profile based on flat originations at relevant recent quarterly rate and amortisation at 3.9% (1H26 actual rate) Outlook 32 We are confident of achieving our FY26 priorities for growth, profitability and efficiency FY26 full year priorities Growth $3bn loan book by March 2026 in Horizon 1 with acceleration of origination growth into Horizon 2 Profitability Continue to drive meaningful Cash NPAT growth as we scale Efficiency Cost to net margin below 57% Appendices 34 1. Department of Climate Change, Energy, the Environment and Water data at 26 October 2025 - https://minister.dcceew.gov.au/bowen/media-releases/100000-cheaper-home-batteries-now-powering-outer-suburbs-and-regional-communities 2. Clean Energy Council 2025; Rooftop Solar & Storage Reports 2025 – cleanenergycouncil.org.au 3. Solar Choice Battery Price index as at November 2025 - https://www.solarchoice.net.au/solar-batteries/price/ 4. https://reneweconomy.com.au/australians-install-100000-home-battery-systems-in-17-weeks-and-they-are-getting-bigger/ 0 10 20 30 40 50 60 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Quarter ending Australianbattery sales2 (’000) Government battery programs overview Western Australia Residential Battery Scheme Commenced 1 July • $337 million programto support up to 100,000 WA householdsinstalling homebatteries • Rebates: up to $1,300 (Synergy customers, $130/kWh) or $3,800 (Horizon Power customers, $380/kWh) • Loans: interest-free up to $10,000, 3–10 year terms, for householdsearning under $210k per annum • As SchemeAdministrator, Plenti is responsible for accrediting vendors, facilitating consumer loan and rebate applicationsas well as all payment and loan servicing processes Federal Cheaper Home Batteries Program Commenced1 July • $2.3 billion federal government scheme which currently providesup to 30% upfront discount on eligible small-scale batteries. The upfront discount will graduallydecrease until 2030 • Battery sizes must be between 5-100kWh with the first 50kWh able to be coveredby the scheme subsidies +275% Approximately 100,000systems, representing 2 GWh of battery storage, have been installedthrough the federal scheme to date1 These programs represent a meaningful proportion of the benchmark ~$900/kWh3 cost of a new battery system (indicative system sizes ~15-25 kWh4) 13,000 rebateapplications received 3,900+ zero-interest loan applications conditionallyapprovedand settled Over 190 MwH of battery capacity conditionallyapprovedand final approvedfor rebates As at September2025: • Statutory operating cashflow in 1H26 of $20.2m, compared with $28.7m in 1H25 • Decrease in statutory operating cashflow was mainly driven by: – higher upfront merchant service fees on BNPL and subvention loans reported as part of interest income received in 1H25, contributed an additional $7.4m compared to 1H26 – higher operating expenses as the business grows including higher commission payments given material acceleration in loan originations • The increase in loans to customers and borrowings cash flows was driven by the growth in loan originations and borrowings from securitisation vehicles to fund loans • A bridge between statutory operating cashflow and change in corporate cash including further reconciliation to underlying corporate cashflows is provided on slide 37 Statutory cashflow $m 1H25 1H26 Operating cash flow Interest income received 126.1 147.5 Other income received 2.4 3.0 Interest and other finance costs paid (64.9) (77.1) Payments to suppliers and employees (34.7) (53.1) Income taxes paid (0.1) 0.0 Net operating cash flow 28.7 20.2 Investing and financing cash flow Net increase in loans to customers (143.8) (257.8) Net proceeds of borrowings 116.5 242.2 Other (0.6) (0.6) Net investing and financing cash flow (27.9) (16.1) Net change in cash and cash equivalents 0.8 4.1 35 • Plenti invested a net amount of $7.5m in supporting growth in funding structures in the period • This amount was funded from underlying free corporate cashflows of $7.8m • At 30 September 2025 Plenti had net $67.1m invested in supporting funding structures (warehouses/ABS) which represented 2.4% of the on-balance sheet portfolio – This was the same proportion as at 31 March 2025 • $23.2m of corporate funds were invested to support growth in warehouses in the period, representing 2.7% of on-balance sheet funded originations • This was offset by $15.7m of funds released from funding structures, primarily on term-out of