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General Capital (GEN) investor relations material

General Capital H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary27 Jun, 2025

Executive summary

  • Achieved record results for the year ended 31 March 2025, with revenue up 32% and NPAT up 7% year-over-year, driven by strong performance from General Finance Limited and the acquisition of Bridges Financial Services Limited.

  • Total assets increased 34% to $218.2 million, and total equity rose 9% to $29.2 million compared to the previous year.

  • Final dividend of 0.0043 cents per share declared, bringing total FY25 dividends to 0.0098 cents per share.

  • Maintained a strong balance sheet and credit rating (BB, Stable Outlook) for General Finance Limited.

Financial highlights

  • Revenue: $22.63 million, up 32% from $17.17 million year-over-year.

  • Net Profit After Tax: $2.81 million, up 7% from $2.63 million year-over-year.

  • Earnings per share: 3.09 cps, up 6% from 2.90 cps year-over-year.

  • Net tangible assets per share: 26.42 cps, up 297% year-over-year due to share consolidation.

  • Total assets: $218.2 million (+34%), total liabilities: $188.9 million (+38%), total equity: $29.2 million (+9%).

Outlook and guidance

  • Focus remains on navigating regulatory changes under the Deposit Takers Act 2023 and sustaining strong financial performance.

  • Management anticipates continued growth in lending and term deposits, leveraging the acquisition of BFSL and market opportunities.

  • Strategic plan includes boosting lending in a lower OCR environment and maintaining conservative lending practices.

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Frequently asked questions

General Capital Limited is a New Zealand-based financial services company specializing in property finance and investment management. The company provides lending solutions, including mortgage and property-backed loans, to individuals and businesses, focusing on real estate financing. Through its subsidiaries, General Capital also manages investment portfolios and offers deposit products to retail and wholesale clients. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.

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