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 31 December 2025 to the Disclose Register. Total assets reached a record $280.3 million, an increase of 42.8% on the 31 December 2024. The company also reported a quarterly net profit after tax (NPAT) of $1,076,505, an increase of 14.7% from the previous quarter and a 16.3% increase from the 31 December 2024 comparative. As at 31 December 2025, General Finance held $48.2m in cash and cash equivalents (including bank deposits). The capital ratio, being the total capital divided by total exposures, was 15.49%. The minimum capital ratio required under the Trust Deed is 8%. Mr. Brent King, Managing Director, commented on the results below, 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 is a great result for General Finance, highlighting the company’s efforts in strategic planning and efficient execution. Despite the challenging economic environment, our total assets have grown 42.8%, reinforcing that General Finance is well positioned for future growth”. The information can be found at www.disclose-register.companiesoffice.govt.nz. ENDS This announcement was authorised 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 30 January 2026