General Capital Limited Analysis

Overview

General Capital was previously the listed shell Mykco.

General Capital purchased 2 financial services businesses ( General Finance Ltd, a licensed Non Bank Deposit taker established in 2001 and Investment Research Group Ltd.( IRG) , an NZX sponsor). The purchase was in August 2018 via the acquisition of a holding company Corporate Holdings Ltd.

Performance

The following information was extracted from General Capital Limited's Full Year report, released 26 May 2025:

The Directors of General Capital Limited (GEN), the NZX listed Financial Services Group, are pleased to present another record financial result for the year ended 31 March 2025, with revenue up 32% to $22.6m from the prior year, and Net Profit After Tax (NPAT) up 7% to $2.8m from the prior year.

The Group has continued to grow, particularly subsidiary company General Finance, delivering solid growth and value to the Group despite the challenging economic environment. In November 2024, General Finance acquired Bridges Financial Services Limited, an insurance premium funding business, complementing the Group’s business activities and providing future growth opportunities in the lending sector. These results reflect management’s dedicated efforts to leverage market opportunities and continued focus on strategic initiatives to provide consistent year on year growth.

The Group has also maintained a strong balance sheet with total assets growing by 34% to $218.2m. The Group announced and paid its first dividend in December 2024 amounting to 32% of NPAT and also provided staff with the option to purchase shares, offering an opportunity to invest in the continued growth of the business.