General Capital (GEN) H1 2025 earnings summary

Executive summary

• Achieved record half-year results for the six months ended 30 September 2024, with revenue up 39% and net profit after tax up 31% year-over-year, marking the strongest half since listing in 2018.

• Total assets increased 15% since 31 March 2024, reflecting sustained growth despite economic headwinds in New Zealand.

• Announced first-ever dividend of 0.55 cents per share, reflecting confidence in financial resilience and growth trajectory.

Financial highlights

• Revenue from continuing operations rose to $10.84 million, a 39% increase compared to the same period last year.

• Net profit after tax reached $1.57 million, up 31% year-over-year.

• Earnings per share increased to 0.57 cents (adjusted for share consolidation), up from 0.44 cents.

• Net tangible assets per share rose to 28.28 cents, a 325% increase year-over-year, due to share consolidation.

• Total assets grew to $187.4 million, up 15% since March 2024.

Outlook and guidance

• Board expresses confidence in continued growth, supported by strong financial performance and strategic acquisitions.

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