Announcement PDF Plenti Group Limited ABN 11 643 435 492 20 May 2026 ASX RELEASE Plenti Annual Report 2026 Plenti Group Limited (ASX:PLT) provides the attached Annual Report 2026. Authorised for release by the Board of Plenti Group Limited. For more information please contact: Adam Bennett Chief Executive Officer shareholders@plenti.com.au Miles Drury Chief Financial Officer About Plenti Plenti is a fintech lender. We provide faster, fairer loans by leveraging our smart technology. We offer award-winning automotive, renewable energy and personal loans, delivered by our proprietary technology, to help creditworthy borrowers bring their big ideas to life. Since our establishment in 2014, our loan originations have grown consistently, supported by diversified loan products, distribution channels and funding, and underpinned by our exceptional credit performance and continual innovation. For more information visit plenti.com.au/shareholders. Annual Report 2026 Building Australia’s best lender Our vision Faster, fairer loans through smart technology Our purpose To bring our customers’ big ideas to life Our mission Building Australia’s best lender About Plenti Plenti is a high growth profitable digital lender to prime consumer and commercial borrowers. Plenti offers award‑winning automotive, renewable energy and personal loans, delivered by proprietary technology. Since establishment in 2014, our loan originations have grown strongly, driven by our leading technology and the innovations we continually bring to market. Our growth has been supported by our diversified loan offerings, broad customer reach and diversified funding, and is distinguished by the strength of our credit performance. Loan portfolio by year ($m) Plenti uses smart technology to provide faster, fairer loans so our customers can bring their big ideas to life. Our ambition is to build Australia’s best lender. FY26 FY25 FY24 FY23 FY22 1,300 1,766 3,106 2,537 2,138 Annual Report FY26 About this report This FY26 Annual Report for Plenti Group Limited (ACN 643 435 492) is issued on 20 May 2026. Shareholders can request a printed copy of the Annual Report, free of charge, by emailing or writing to: Plenti PO Box R745 Royal Exchange Sydney NSW 1225 Australia shareholders@plenti.com.au 1 Contents 2 FY26 highlights 6 Chairman’s message 7 CEO’s message 8 Our strategy 9 Operational overview 14 Environment, social and governance 18 Board & management 20 Directors’ report 47 Financial statements 93 Shareholder information 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. 2 FY26 highlights Operational highlights Financial highlights Strong P&L performance $ 312m $ 3.1bn 42bps 94bps $ 30.8m $ 1.9bn Strong portfolio growth $ 900m 18% on pcp Loan portfolio $ 427m 25% on pcp Loan portfolio $ 1,779m 24% on pcp Loan portfolio Automotive Continued growth in lending volumes leveraging Plenti’s proprietary technology platform to provide market-leading customer and broker experiences, with material acceleration of the ‘NAB powered by Plenti’ car loan. Strong growth in commercial automotive lending. Renewable energy Record lending volumes supported by Plenti’s appointment as exclusive administrator and financier for the WA Residential Battery Scheme, strong consumer demand from the Federal Government Cheaper Home Batteries Program, continued uptake of GreenConnect and ongoing rollout of HEUF-funded lending with the CEFC. Personal Record originations supported by continued investment in direct channels, API integrations with key broker partners, further gains in automated straight through processing, and increased cross-sell and repeat originations from Plenti’s expanding customer ecosystem. Differentiated credit performance 20% 22% 1bps 16bps 117% 32% Revenue Loan portfolio 90 day arrears Annualised credit losses Cash PBT Loan originations Annual Report FY26 254 381 615 1,300 1,766 FY23 FY24 FY25 FY26 FY19 FY20 FY21 FY22 2,138 2,537 3 Our growth highlights 1. Previous corresponding period. Loan portfolio ($m) $ 3,106 22% on pcp1 Strong loan portfolio growth achieved, whilst optimising across lending volumes and net interest margins. 4 Automotive Personal Our journey so far POST‑IPO PRE‑IPO Since launching in 2014 with an ambition to deliver market-leading customer experiences, Plenti has evolved into a high growth digital lender in 3 key markets: automotive, renewables and personal loans. Renewable Energy Achievements Annual Report FY26 2014 –  Launched as Australia’s first licensed peer-to-peer lender –  Introduced granular risk-adjusted pricing to Australian personal loan market –  Introduced innovative digital end-to- end borrower experience with unique ‘RateEstimate’ rate quote technology 2015 –  Carsales invests $10 million 2017 –  Renewable energy lending launched – supported by $20 million in CEFC funding –  Secured automotive lending launched – supported by funding from several banks 2018 –  Adelaide office established –  Appointed exclusive administrator for Home Battery Scheme in South Australia –  $100 million of funding secured from CEFC to support renewable energy lending in South Australia 2019 –  Direct-to-consumer secured automotive loan launched –  First bank warehouse funding facility established for secured automotive loans $0.5bn cumulative loans funded 2020 –  Appointed exclusive administrator of Empowering Homes Program pilot by NSW Government –  Rebranded as Plenti from RateSetter –  Listed on the ASX in a $280 million IPO Warehouse funding facility established for renewable and personal loans $1.0bn cumulative loans funded 2021 Inaugural asset-backed security transaction completed $306 million Electric vehicle loan offering launched to help Australia transition to EV ownership Second automotive warehouse established with dedicated EV-specific tranche Loan portfolio reached $1 billion $2.5bn cumulative loans funded, >100,000 borrowers 2022 Partnership with AGL established to accelerate home solar-battery uptake Renewable energy and personal loan ABS transaction completed $280 million Cash NPAT profitability achieved Launched first automotive manufacturer integration with Tesla Launched the Notes Market in the Plenti Lending Platform 2023 Launched GreenConnect, an industry-first platform that brings together equipment, installation, VPP and finance offerings to make household renewable energy more affordable Signed strategic partnership agreement with NAB, initially to focus on the launch of a ‘NAB powered by Plenti’ car and EV loan, and then offering renewable energy finance solutions to NAB customers 2024 Renewable energy and personal loan ABS transaction completed bringing total ABS issuance to over $2 billion Announced partnership with the Federal Government’s flagship home energy upgrades fund, managed by the CEFC, to accelerate household adoption of renewable energy and energy efficiency ‘NAB powered by Plenti’ car loan launched into market Daniel Foggo steps back to become a Non-Executive Director, Adam Bennett appointed new CEO Strategic partnership with Cadillac EVs announced 2025 $6bn cumulative loans funded, >250,000 borrowers Appointed exclusive administrator for the $337 million Western Australia Residential Battery Scheme Significant investment in data security, achieves ISO27001 accreditation GreenConnect becomes the largest VPP marketplace in Australia following strong growth Refresh and re-launch of Plenti Commercial Auto business to reflect scale of market opportunity 2026 Loan portfolio reached $3 billion Continued successful ABS transactions brings total issuance to over $4.7 billion Strong cash generation enables repayment of $12.5 million corporate debt Plenti delivers record $30.8m Cash PBT Superior customer experiences Advanced credit analytics Rich partner integrations Fast approvals 5 Technology‑led lending We’ve built a market‑leading technology platform Extensible Efficient Scalable Fast Using technology to build Australia’s best lender Our platform by numbers Engineers, product managers and designers Uptime over the past 12 months Deployments of new products and features per day ~ 58 > 99.5% ~ 6 Web and API requests from customers and partners per day Credit algorithms and rules evaluated per credit decision Payments processed per day ~ 3.7m Up to 112 ~ 6,300 At the heart of Plenti sits a modern, proprietary technology platform. By owning and continuously enhancing our technology, Plenti can: ■ Provide exceptional borrowing experiences, supported by robust partner interactions and rapid credit decisions ■ Continuously innovate, swiftly implementing the features and services our customers and partners need ■ Enable efficient, scalable operations processes across the entire credit life cycle 6 Chairman’s message It’s been extremely pleasing to see Plenti continue to grow and mature significantly over the last year. With a loan book now exceeding $3.1 billion Plenti continues to further deepen its capabilities across people and culture, corporate governance, risk management, and cyber security. These ensure its ongoing transition from its fintech start up origins to now a more mature technology led financial services consumer lender remains on track. FY26 is the first full year with our new CEO Adam Bennett in place, and it’s been pleasing to see his enthusiastic and thoughtful resetting of our corporate strategy. This reset has been combined with thorough execution of focused initiatives to deliver on Plenti’s commitment to use smart technology to provide faster, fairer loans so our customers can bring their big ideas to life. Plenti’s refreshed strategy is working, and our team delivered their primary goal of growing the loan book to $3 billion by 31 March 2026, a full two months earlier than expected, and this flowed through to an outstanding record Cash Profit Before Tax (PBT) of $30.8 million. As we close out the current financial year and enter the next, I continue to hold the strong view that Plenti’s fit‑for‑purpose governance arrangements, skilled and engaged employees, reliable and innovative proprietary technology, disciplined approach to credit and reliable funding practices provide solid foundations for Plenti to achieve its medium and longer term growth ambitions. Economic conditions throughout the year have varied significantly. Until recently, Australian households and borrowers had been operating in a challenging but gradually stabilising environment. Competition in Plenti’s core lending markets was balanced, with major banks, regional banks, and non bank lenders all seeking to defend or grow share through pricing, product innovation, and enhanced digital distribution. Ongoing geopolitical tensions throughout the year, and ongoing regional conflicts in the Middle East have disrupted supply chains and created general uncertainty regarding consumer lending impacts. These factors all highlight the need for disciplined financial management and mature treasury management, and advancing our funding program remains an ongoing priority. The core automotive, renewables and personal lending markets in which we operate remain both attractive and competitive. Plenti’s performance over the last year has been especially strong in the context of this broader competition, as evidenced by significant growth in our loan book and our Cash Profit Before Tax. We’re also very excited to have refreshed and re-launched our Commercial Auto product into what we see as a very attractive market that will recognise and value Plenti’s competitive strengths. Our FY26 performance is testament to the resilience and adaptability of our business model, the pricing benefits we realise through our differentiated customer experiences, the benefits of our diversification across numerous lending channels, our disciplined credit performance, the strength of our funding platform, favourable funding markets and sound capital management. In the past year, we’ve executed our 10th, 11th and 12th ABS transactions, bringing our total ABS issuance to over $4.7 billion. Pleasingly, we brought on an additional 8 ABS investors (across domestic and international) into our capital markets program which enhances Plenti’s ongoing financial resilience in these increasingly uncertain times. It is clear to me that Plenti has grown to be a unique differentiated lending business, with growing significance in its chosen markets. I’d like to thank my fellow Directors for all that they’ve contributed during the year, and for their thoughtful insights and experience. On behalf of my fellow directors, I’d like to acknowledge and thank Susan Forrester for her valuable contribution to Plenti, particularly as Chair of the People and Culture Committee. Susan stepped down from the Plenti Board on 30 June 2025. As part of our ongoing Board renewal, I’d also like to congratulate Jacqui Colwell as she joins Plenti’s board. She brings a wealth of risk management, compliance and financial services experience gained from executive roles in NAB, Judo Bank and others. I would like to take this opportunity to thank Adam for his leadership and the entire executive team for their commitment to driving Plenti’s profitable growth. I also wish to recognise the exceptional work of the entire Plenti team for delivering the strong results set out in this annual report. We remain steadfast in our commitment to delivering sustainable, long‑term profitability and value for our shareholders, so finally, on behalf of the Board, I would like to thank you for your ongoing support. Yours faithfully Mary Ploughman Chairman Annual Report FY26 7 CEO’s message Plenti has always sought to be Australia’s best lender, and to challenge the established practices and habits of the Australian financial services industry by offering our valued customers faster and fairer loans based on a digital experience that’s easy and simple. Since its formation, Plenti has now helped over 285,000 Australians bring their big ideas to life, lending a total of over $7.9 billion in loans to finance diverse assets and personal experiences. I’m proud to reflect on my first full year as CEO of Plenti, as we now pass through a critical inflection point. We’ve transitioned from a rapidly growing fintech business to a more mature high growth, profitable digital lender to prime consumer and commercial borrowers, that is fast becoming a significant force in the Australian lending landscape. We’re extremely proud of the unique and clear strategic differentiators Plenti’s developed, including: ■ Our proprietary technology platform that delivers outstanding customer experiences and deep partner integrations at low cost as we scale, ■ Our unique diverse and complementary distribution channels across four large attractive markets including Consumer Auto, Renewables, Personal Loans and now Commercial Auto, and ■ Our prime credit focus and disciplined risk management engine that leverages data and AI to better assess risk to deliver an enviable 10+ year credit track record. We’re carrying forward the speed, agility and customer connection elements from our start-up roots, and augmenting them with more industrial and mature processes and ways of working. For FY26, the Board and management worked together to refresh our corporate strategy around a central theme of ‘Growing by doing what we do but better’. We set an audacious and public goal of achieving a $3 billion loan book by year’s end, complemented by meaningful growth in our Cash Profit Before Tax. To help us achieve these goals we established a strategy execution function and continued to invest in our market‑leading proprietary technology and focused initiatives to enhance the customer experience. Our customers (brokers and strategic partners) have responded to our highly automated ‘straight-through processing’ personal lending proposition, enabling Plenti to deliver exceptional loan origination growth over the past year. We set record loan originations throughout the year to deliver total FY26 loan book growth of 22% above PCP, and we delivered our $3 billion loan book target a full two months ahead of schedule. This drove a record Cash Profit Before Tax of $30.8 million, 117% above PCP. This loan originations growth evidences the value of Plenti’s diverse prime lending verticals and complementary distribution channels that allow us to take advantage of shifts in market conditions to deliver consistent, profitable growth. FY26 has been yet another significant year in the life of your company: ■ Most critically, we ignited the free cash generation ‘engine’ of Plenti so that we can now self-fund the equity component of our lending growth, and also repaid $12.5 million of corporate debt whilst materially increasing our year end cash balance, ■ We further enhanced our technology to improve our straight‑through processing capability for selected loan products to process an ‘application to approval’ within one minute for over 23% of our Personal Loans, ■ We continued to manage our credit settings prudently to deliver extremely low loss rates (an average of 0.94% for the year), and ■ We continued to invest in our people, processes and proprietary technologies to build greater operational resilience and improve productivity, delivering on our commitment to achieve a cost‑to‑net margin ratio of 56.7%. Having successfully executed on Horizon 1 of our strategy to Grow by doing what we do but better, our attention for the coming year (Horizon 2) is based on Growing by also doing new things. This translates to disciplined delivery for our customers in our existing Consumer Auto, Renewables and Personal Lending verticals, whilst officially refreshing and re-launching Commercial Auto as our fourth vertical. Plenti has a deliberate long-term strategy to be a significant lender in big markets, and our (currently) small shares of these very large markets provides significant growth runway. Underpinning our expansionary strategy is: ■ Recruiting, developing and retaining great people, ■ Having the best relationships via a complementary set of diverse distribution channels to market, ■ Using data and AI effectively to grow revenues, assess credit risk and reduce cost, and ■ Leveraging our proprietary technology stack to further enhance the customer experience. I’d like to thank our directors for their support and counsel throughout my first full year as CEO. Finally, I’d like to thank our team. The Plenti team has worked hard all year to deliver great results, based on exceptional loan origination growth and outstanding customer outcomes. I remain continually impressed at the talent, energy and capability of the Plenti team, and I’m in no doubt that we’ll continue to grow, outperform and deliver significant value for our shareholders. Yours sincerely Adam Bennett CEO Strategic priorities Deeper relationships Data& Analytics Technology Leadership Team engagement 8 Our strategy As the rate of change across our world continues to accelerate, and with geo-political risks impacting financial markets and artificial intelligence increasingly prevalent, customer and broker expectations continue to evolve. Plenti is well placed to grow its competitive position within our chosen markets. Plenti’s ambition to further develop and scale into a large, highly diversified and highly profitable financial services business remains at the forefront of its strategy. Plenti’s disciplined focus last year was to grow by doing what we do but better to extract maximum value from our existing three verticals comprising Automotive, Renewables and Personal Loans. Achieving the strategic target of a $3 billion loan book a full two months earlier than planned is evidence of Plenti’s growing ability to execute against its strategic goals and deliver on its public commitments. Plenti’s strategy for FY27 – grow by also doing new things – builds on these foundations and momentum and is based on the continued development of three differentiating strategic capabilities: 1.  Deeper relationships via a complementary set of diverse distribution channels to market; 2.  Better use of data and artificial intelligence to grow revenues and reduce cost; and 3.  Leveraging Plenti’s proprietary technology platform to further enhance the customer experience. Combined with building these strategic capabilities, we’ve also refreshed and re-launched the Commercial Auto product via: ■ Re-designing our commercial auto loan product including ETF and other features; ■ Broadening distribution to new specialist brokers and aggregators; ■ Leveraging our competitive strengths of credit assessment and technology; and ■ Refining our operating model with specific commercial auto focused business development, underwriting and support teams. Deeper relationships Operating in multiple lending verticals with diverse channels to market gives Plenti more growth runway. Since its inception, Plenti has consistently expanded the diversity of its loan offerings, its distribution channels, and its funding sources to build strength and resilience through diversity. We’ll continue to maintain diverse and complementary distribution channels and leverage deep relationships with customers, brokers and installers to ensure we have multiple distribution channels to market. We’ll also work closely with our corporate partners including NAB, Tesla, Cadillac, and AGL to expand our customer reach and profitably grow loan originations. Better use of data and analytics Plenti’s prime credit focus and disciplined risk management underpin a resilient business. Plenti has an outstanding track record of delivering predictable credit outcomes, underpinned by a relentless focus on attracting and funding creditworthy borrowers. We’ve brought new levels of sophistication to the loan application and approval processes to price loans according to the risk represented by the underlying borrower. We’ll continue to invest in better use of data to serve our customers via fast, fair and accurate credit decisioning and best solving the price, volume and net interest margin trade-offs required to win in our chosen markets. We’ll also use data to generate deeper customer relationship insights and cross sell opportunities that help our customers access the credit they require. Given the ongoing evolution of Artificial Intelligence technologies, Plenti will leverage AI to help our people be more productive, improve their decision making, and reduce our overall cost of operations. Leverage our proprietary technology Plenti’s proprietary digital lending platform is a key differentiator. Plenti’s speed of delivery, cadence of innovation and improvement, depth of partner integrations, and levels of operational efficiency provide significant momentum to make our customer experience even better. Plenti’s ownership of its own proprietary technology platform, which is operated and constantly enhanced by our in-house engineering team, ensures we can closely couple technology to the customer without being reliant on third party release cycles or product roadmaps. We’ll continue to invest even more in our award-winning technology stack to enable the most effective customer journeys in market as measured by speed, simplicity, ease of use and reliability, and to be even more efficient as measured by the degree of straight through processing we achieve, and our cost-to-income ratio. Team engagement Plenti has a strong track record for attracting and retaining exceptional talent across its business functions. We recruit for creative thinking abilities, dedication to tackling problems, and ability to achieve real-world outcomes. Plenti has developed a strong culture characterised by four cultural values: ■ Be the best ■ Make it happen ■ Think like a customer ■ Do what’s right In summary, Plenti’s strategy will continue to be refined and adjusted as it leans into its commitment to building a sustainable and profitable business which delivers strong returns for its investors. Annual Report FY26 9 Operational overview Automotive lending Plenti has established a meaningful presence in the ~$38 billion automotive loan market since launching its secured automotive offering in 2017. Secured automotive lending remained the largest volume vertical during the year, with loan originations of $994 million, up 40% on the prior year, and automotive loan portfolio growth of 24% to $1,779 million. Loan origination growth materially accelerated on the prior year, reflecting both stronger volumes in consumer automotive lending and a particularly strong contribution from Plenti’s commercial automotive business. In a market environment that remained competitive on pricing, Plenti continued to balance margin discipline with careful management of customer demand to ensure a consistent experience for brokers and partners. Plenti’s proprietary technology platform continued to provide a significant advantage relative to traditional lenders encumbered with legacy technology, facilitating the delivery of market-leading customer approval, settlement and funding experiences across a broad range of distribution channels. Plenti maintained its focus on further enhancing its market-leading automotive loan application experiences, extending its distribution capabilities through digital and broker referral partners, developing a highly effective sales team, enhancing its fast and efficient loan processing capabilities, and advancing its automotive funding program. Expanding Plenti’s OEM partnerships was a key focus during the year with the launch of a comprehensive new integration with Cadillac to support the Australian launch of the Lyriq EV. ~$ 38bn+ Annual lending1 $ 1,779m Loan book 24% on pcp > 49% New car loan originations 1. Management estimate. Loan originations ($m) FY23 FY22 FY21 994 FY24 FY25 FY26 FY23 624 709 572 Closing loan book ($m) FY24 FY23 FY22 FY21 1,226 1,431 998 1,779 FY24 FY25 FY26 FY23 40% on pcp 24% on pcp The ‘NAB powered by Plenti’ car loan continued to build momentum through the year, supported by increased product visibility via the NAB website, app and internet banking portal alongside ongoing digital marketing campaigns. At 31 March 2026 the ‘NAB powered by Plenti’ car loan portfolio had grown to $121 million, up from $16.7 million a year earlier, with daily origination run-rates continuing to increase through the second half. A number of product and technology enhancements were delivered over the year, with a particular focus on lifting rates of automated ‘straight- through-processing’ credit approvals. Enhancements to Plenti’s proprietary credit engine, together with advances in automated document verification, enabled faster credit decisions for a greater share of applications, improving customer and broker experiences while supporting operational efficiency as volumes scaled. Plenti’s ongoing automotive lending activities were supported by the completion of the $559 million Plenti Auto ABS 2025-2 in November 2025 – Plenti’s largest securitisation deal to date, priced at the tightest margins since 2021 – bringing total secured automotive ABS issuance to over $2.6 billion. Commercial – Plenti’s latest lending opportunity We’ve refreshed and relaunched our commercial automotive proposition via: ■ A dedicated commercial sales team, with business development expanded into specialist asset finance brokers ■ Credit policy and product features refined for commercial borrowers ■ Eligible assets broadened to include trucks up to 12 tonnes ■ Expanded credit team with specialist commercial underwriters ■ Updated pricing to improve competitiveness across target segments Commercial originations up 50% on pcp Loan book of $694m at 31 March 2026 10 Annual Report FY26 Loan originations ($m) FY24 FY23 FY22 159 189 122 239 FY24 FY25 FY26 FY23 Closing loan book ($m) FY24 FY23 FY22 FY21 427 272 341 201 FY24 FY25 FY26 FY23 26% on pcp Renewable energy lending Plenti continues to be committed to helping Australian households transition to a clean energy future through financing the installation of solar panels and home batteries. Renewable energy loan originations further accelerated year-on-year, increasing by 26% to $239 million, with loan portfolio growth of 25% to $427 million. Growth was supported by a step-change in demand for home battery systems across Australia through the second half of the year, spurred by a combination of Federal and State government incentive programs. The renewable financing market continued to benefit from favourable trends, including: ■ Continued elevated household energy costs, making the economics of solar and battery systems an appealing choice for households ■ A sustained rise in the proportion of solar systems installed with batteries, driving demand for finance given the higher system cost ■ Significant Government program activity – notably the Federal Government’s Cheaper Home Batteries Program, launched on 1 July 2025, which has supported the installation of tens of thousands of home batteries in its early months, together with complementary state-based rebate and loan schemes A significant initiative during the year was Plenti’s appointment as administrator and financier of the Western Australia Residential Battery Scheme, announced in June 2025. Under the scheme, eligible households can access rebates towards the cost of a solar battery system, with no-interest $ 427m Loan book 25% on pcp > 1,000 Partner network of renewable energy equipment vendors 1.  Clean Energy Council: Rooftop solar and storage report July–December 2025. 2. Management estimate. 83% Originations with batteries 25% on pcp loans of up to $10,000 available to lower- and middle-income househ