General Capital (GEN)•HY26•Released 21 November 2025Revenue up 19% but NPAT fell 35% and the interim dividend was cut 40%Around NZ$0.6m of flagged exceptional costs absorbs most of the earnings miss, yet the balance sheet expanded 47% and leverage is undisclosed.Published 22 April 2026Read briefing→
General Capital (GEN)•FY25•Released 26 May 2025Book grows 34% to $218.2m but NPAT growth slows to 6.6% on tax dragNet revenue jumped 21.3% and PBT 9.8%, yet a higher effective tax rate and a loss-making Corporate segment compressed the bottom-line lift.Published 22 April 2026Read briefing→
General Capital (GEN)•HY25•Released 22 November 2024General Capital PBT up 41% but 97% of NPAT routed to first interim dividendRevenue grew 39% to $10.8m and PBT outpaced NPAT on a higher tax rate, while a maiden 0.55c interim absorbs almost all of the half's earnings.Published 22 April 2026Read briefing→
General Capital (GEN)•FY24•Released 27 May 2024NPAT +16.6% flattered by tax rate drop; PBT growth just 7.2%Finance segment margin compressed from 23.9% to 17.2% even as loan-book funding (term deposits) grew 23% to $135.1m.Published 22 April 2026Read briefing→
General Capital (GEN)•HY24•Released 28 November 2023Revenue jumped 127% but PBT barely moved and NPAT growth was tax-drivenFinance-segment margin compression and a fall in the effective tax rate from 32.5% to 23.1% explain the gap between top-line and bottom-line reads.Published 22 April 2026Read briefing→
General Capital (GEN)•FY23•Released 29 May 2023PBT up 77.1% but ROE slipped to 9.3% as equity raise outpaced earningsFinance book growth drove strong top-line and profit gains, but a larger equity base, higher net debt, and a loss-making advisory unit complicate...Published 21 April 2026Read briefing→
General Capital (GEN)•HY23•Released 29 November 2022Swung to NZ$1.0m profit as net revenue nearly doubled and assets grew 53%Finance segment now carries ~95% of revenue and all the profit, while the balance sheet expanded faster than equity on a liabilities-led funding base.Published 21 April 2026Read briefing→