General Capital 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 2025 to the Disclose Register.
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.

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
21 July 2025

---

Issue 39 21 June 25

GENERAL FINANCE LIMITED
Quarterly report as at 30 June 2025


KEY RATIOS



Capital Ratio


30 June 2025


Our capital ratio calculated in accordance
with the 2010 Regulations*

16.07%

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

8%


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 2025


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

6.23% 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 39 21 June 25

Liquidity

30 June 2025


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

4.08 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 2025
Total Assets 236,891,994
Total Liabilities 213,579,315
Net Profit / (Loss) After Tax 266,646
Net Cash Inflow (Outflow) from Operating Activities -9,225,584
Cash and Cash Equivalents 29,014,321
Term Deposits
1
19,555,744
Capital (per 2010 Regulations) 20,601,630

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

Issue 39 21 June 25
HOW THE RATIOS HAVE BEEN CALCULATED

CAPITAL RATIO

Gross capital 23,312,679

Less deductions 2,711,049

Total capital 20,601,630



Risk

Risk Weighted
Exposures Exposure Weight Exposures

NZ Registered Bank Deposits 48,570,065 20% 9,714,013
Residential mortgages:

LVR 70% and under 152,080,058 35% 53,228,020
LVR over 70% and under 80% 11,379,615 50% 5,689,808
Other loans with qualifying security over land
and buildings:

LVR 70% and under 14,625,595 100% 14,625,595
Other loans

– where a financing statement has not been
registered and perfected under the Personal
Property Securities Act 1999
7,184,496 200% 14,368,991

Other assets 341,115 350% 1,193,903
Deductions from capital 2,711,049

-

Total credit risk weighted exposures (A)

98,820,330

Total assets (B) 236,891,994

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

29,374,828


Total Exposures

128,195,158

Capital Ratio

16.07%
(being Total Capital/Total Exposures)


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

Issue 39 21 June 25

AGGREGATE EXPOSURE TO RELATED PARTIES

Loans and other on balance sheet exposures to related
parties (A)
1,283,558
Other related party exposures (B)
Nil
Capital (C)
20,601,630
(A + B) / C
6.23%

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


LIQUIDITY

Liquidity (A)
48,570,065

3 month expected loan receivables (B)
17,338,002

3 month expected gross deposit redemptions (C)
16,152,918

(A + B) / C
4.08 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.