General Capital (GEN) H1 2026 earnings summary

Executive summary

• Revenue rose 19% year-over-year to $12.9m for the six months ended 30 September 2025, with total assets reaching a record $275.8m, up 26% since 31 March 2025.

• Net profit after tax (NPAT) fell 35% year-over-year to $1.02m, mainly due to $600k in one-off exceptional expenses.

• Deposits accepted grew by 52% and loans advanced increased by 40% compared to 30 September 2024.

• Demonstrated resilience and growth despite a challenging economic environment.

• An interim dividend of $0.0033 per share (30% of NPAT) was declared, reflecting confidence in financial resilience.

Financial highlights

• Earnings per share dropped to 1.11 cps from 1.73 cps year-over-year.

• Net tangible assets per share increased 3% to 27.36 cps since March 2025, but down 3% year-over-year.

• Net assets per share rose 2% since March 2025 and 4% year-over-year to 32.54 cps.

• Cash and cash equivalents at period end were $35.2m, down slightly from $36.0m at March 2025.

• Dividend per share set at $0.0033 with an imputation credit of $0.0013.

Outlook and guidance

• The Board expressed confidence in the Group’s growth trajectory and financial resilience, maintaining its dividend policy.

• Management remains focused on growing the loan book and managing net interest margins.

• Plans to expand insurance premium funding and advisory services through subsidiaries.