General Capital (GEN) H2 2025 earnings summary

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.