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General Capital subsidiary General Finance update

Operational Update24 October 2024GENFinancials

General Capital Limited
Level 8, General Capital House,

115 Queen Street, Auckland CBD

PO Box 1314, Shortland Street,

Auckland, New Zealand. 1140.

Phone +64 9 304 0145



General Capital (GEN:NZ) subsidiary General Finance update

General Capital Limited advises that its subsidiary General Finance Limited, a licensed

Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter

ended 30 September 2024 to the Disclose Register.

General Finance Limited has continued its growth trajectory, with total assets reaching

$180 million, an increase of 11% since 30 June 2024. The company also reported a

quarterly net profit after tax (NPAT) of $764,000.


As at 30 September 2024 General Finance held $38.1 million in cash, cash equivalent

and bank deposits. Since that time General Finance has entered into an agreement to

purchase Bridges Financial Services Limited.


Mr. Brent King, Managing Director, commented on the results, explaining that, as a

licensed Non-bank Deposit Taker, General Finance is required to issue this report

under the Financial Markets Conduct Act 2013.


“This performance underscores the robust and stable nature of General Finance. We

are well-positioned to build on this momentum and continue our growth journey,” said

Mr. King.


The information can be found at www.disclose-register.companiesoffice.govt.nz.


ENDS

This announcement was authorized by Brent King, Managing Director


For further information contact:

Brent King

Managing Director

General Capital Limited

+64 21 632 660

Brent.King@gencap.co.nz

25 October 2024

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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