General Capital (GEN) H2 2025 earnings summary

Executive summary

• Achieved record financial performance for the year ended 31 March 2025, with revenue up 32% and net profit after tax (NPAT) up 7% year-over-year, marking the highest results since listing in 2018.

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

• General Finance Limited (GFL), the main subsidiary, maintained a BB credit rating and contributed significantly to growth, including through the acquisition of Bridges Financial Services Limited (BFSL).

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

Financial highlights

• Revenue: $22.63 million, up 32% from $17.17 million in FY24.

• NPAT: $2.81 million, up 7% from $2.63 million in FY24.

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

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

• Net tangible assets per share: 26.42 cps (+297%), net assets per share: 31.84 cps (+332%).

• GFL revenue increased 20%, NPAT up 11%, term deposits grew 37%, and total loans increased 10%.

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 expanding product offerings.