General Capital (GEN:NZ) Subsidiary General Finance Update

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 June 2026 to
the Disclose Register.
Mr. Brent King, Chief Executive Officer of General Capital Limited and Managing Director of General
Finance Limited, 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.
The information can be found at www.disclose-register.companiesoffice.govt.nz.
ENDS
This announcement was authorised by Rewi Bugo, Chair – General Capital Limited.
For further information contact:
Brent King
Chief Executive Officer
General Capital Limited
+64 21 632 660
Brent.King@gencap.co.nz
9 September 2026

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Issue 43 23 July 2026

GENERAL FINANCE LIMITED
Quarterly report as at 30 June 2026


KEY RATIOS



Capital Ratio


30 June 2026


Our capital ratio calculated in accordance
with the 2010 Regulations*

17.08%

Minimum capital ratio required by our
Trust Deed if the issuer has a credit rating

9%


Minimum capital ratio that must be
included in the trust deed under reg 8(2) of
the 2010 Regulations* if the issuer has a
credit rating

8%


The capital ratio is a measure of the extent to which General Finance is able to absorb losses without becoming
insolvent. The lower the capital ratio, the fewer financial assets General Finance has to absorb unexpected losses
arising out of its business activities.




Related Party Exposures


30 June 2026


Our aggregate exposures to related
parties as calculated in accordance with
the 2010 Regulations*

5.57% of capital

Maximum limit on aggregate exposures to
related parties that we must not exceed
that is included in our Trust Deed

10% of capital

Maximum limit on aggregate exposures to
related parties that we must not exceed
that must be included in our Trust Deed
under reg 23(3)(b) of the 2010
Regulations*

15% of capital

Related party exposures are financial exposures that General Finance has to related parties. A related party is an
entity that is related to General Finance through common control or some other connection that may give the party
influence over General Finance (or General Finance over the related party).


* Deposit Takers (Credit Ratings, Capital Ratios, and Related Party Exposures) Regulations 2010

Issue 43 23 July 2026

Liquidity

30 June 2026


Our liquidity calculated in accordance with
the quantitative liquidity requirements
included in our Trust Deed

3.39 times

The minimum liquidity requirements
required by our Trust Deed

A liquidity cover ratio of 1.25 times

Liquidity requirements help to ensure that General Finance has sufficient realisable assets on hand to pay its debts
as they become due in the ordinary course of business. Failure to comply with liquidity requirements may mean that
General Finance is unable to repay investors on time and may indicate other financial problems in its business.






SELECTED FINANCIAL INFORMATION

Quarter to
30 June 2026
Total Assets 291,074,363
Total Liabilities 262,756,242
Net Profit / (Loss) After Tax 769,669
Net Cash Inflow (Outflow) from Operating Activities 42,145,610
Cash and Cash Equivalents 48,405,466
Term Deposits
1
28,146,255
Capital (per 2010 Regulations) 25,844,236

1
New Zealand Registered Bank deposits with original term of greater than 3 months.

Issue 43 23 July 2026
HOW THE RATIOS HAVE BEEN CALCULATED

CAPITAL RATIO

Gross capital 28,318,121

Less deductions 2,473,886

Total capital 25,844,236



Risk

Risk Weighted
Exposures Exposure Weight Exposures

NZ Registered Bank Deposits 76,551,722 20% 15,310,344
Residential mortgages:

LVR 70% and under 167,516,752 35% 58,630,863
LVR over 70% and under 80% 22,369,216 50% 11,184,608
Other loans with qualifying security over land
and buildings:

LVR 70% and under 14,130,155 100% 14,130,155
Personal loans

– in respect of which a financing statement
has not been registered under the Personal
Property Securities Act 1999
2,446,828 150% 3,670,242
Other loans

– where a financing statement has not been
registered and perfected under the Personal
Property Securities Act 1999
4,480,584 200% 8,961,167

Other assets 1,105,221 350% 3,868,275
Deductions from capital 2,473,886

-

Total credit risk weighted exposures (A)

115,755,654

Total assets (B) 291,074,363

Operational and Market Exposures (A+B)/2x0.175

35,597,627


Total Exposures

151,353,281

Capital Ratio

17.08%
(being Total Capital/Total Exposures)


1
Refer to Deposit Takers (Credit Ratings, Capital Ratios, and Related Party Exposures) Regulations 2010.

Issue 43 23 July 2026

AGGREGATE EXPOSURE TO RELATED PARTIES

Loans and other on balance sheet exposures to related
parties (A)
1,438,791
Other related party exposures (B)
Nil
Capital (C)
25,844,236
(A + B) / C
5.57%

*Related party exposures are calculated by dividing total related party exposures by Capital
(per 2010 Regulations).


LIQUIDITY

Liquidity (A)
76,551,722
3 month expected loan receivables (B)
28,755,464
3 month expected gross deposit redemptions (C)
31,036,762
(A + B) / C
3.39 times



*The Liquidity Cover Ratio is calculated by dividing Liquidity plus the 3 month expected loan
receivables, by the 3-month expected gross deposit redemptions.