GFL start trading on USX Unlisted today.
This is their issuer profile.
https://prod-trade.usx.co.nz/api/file/669820bfdc9e0482a73bf169.pdf
If anyone missed selling their GFL before they moved to USX [Unlisted],there is currently a buyer for 500,000 at 26 cents on USX.;
BIDS
Quantity Price
500,000 0.2600
Trading update today.
https://prod-trade.usx.co.nz/api/file/66b9389d0c033b1c231d7425.pdf
NPBT for Q1 ended 30 June 2024 of $2.4m which is up $1m on the same quarter last year. This is all driven by the insurance arm. Gross written premiums are up 18%.
Total lending division was within a whisker of breakeven despite higher loan provisions and costs for exiting the NZX. Loan book is up 1.5% but lending volume was down 21% for the quarter.
Estimated quarterly earnings per share of 2.3c assuming 28% tax deduction.
Quote from the release:
Quote"At Geneva, despite the economic headwinds many are facing, we are navigating the current
tough market climate with a strategic focus on growth and resilience. The recent changes to the
CCCFA (responsible lending code) will now allow us to assess applications that would have
previously been overlooked. This will likely lead to a significant increase in application numbers
in the coming months, but we remain committed to preserving margins and maintaining the
quality of our loan book."
Geneva Finance March 2024 Final Dividend payment
15 August 2024 Dividend Announcement
Security: GFL
The Geneva board has resolved to declare a 1 cent per share final dividend for the March 2024 financial year payable on 23 August 2024.
Ex-dividend date is 16 August 2024
Record Date is 19 August 2024
Documents:
24 08 - Dividend.pdf
24 08 15 - Final Dividend March 24.pdf
MEDIA RELEASE 12 November 2024
RBNZ WARNING TO QUEST INSURANCE
The Reserve Bank of New Zealand (RBNZ) has concluded an investigation into matters that Quest
Insurance Group Limited (Quest) self-reported in 2021 and 2022.
Geneva Finance, Quest's parent company, announced the investigation to the market when it was
commenced in September 2023, and Quest has fully cooperated with RBNZ's inquiries. RBNZ has
decided that the appropriate outcome is to issue a warning to Quest.
The warning identified potential breaches of the Insurance (Prudential Supervision) Act 2010. One
matter related to a delay in establishing a statutory fund for Quest's life business in 2021. The
second related to a failure to maintain the required solvency margin for its non-life business in
2022. However, the RBNZ investigation has confirmed that overall solvency was at all times
maintained. Lastly, the RBNZ believed that the backdating of a transaction which balanced the nonlife solvency fund was likely to have also been a breach. Most importantly, the Reserve Bank
investigation has found that these potential breaches did not affect Quest's ability to pay sums due
to policyholders.
Quest has since strengthened its oversight and governance as well as its operational processes
and controls to prevent any such issues recurring. This includes strengthening of Quests board and
management positions as well as a core system replacement and company-wide policy and
procedures upgrades.
Malcolm Johnston
Managing Director
QUEST INSURANCE
Quote from: lorraina on Nov 12, 2024, 12:04 PMMEDIA RELEASE 12 November 2024
RBNZ WARNING TO QUEST INSURANCE
The Reserve Bank of New Zealand (RBNZ) has concluded an investigation into matters that Quest
Insurance Group Limited (Quest) self-reported in 2021 and 2022.
Geneva Finance, Quest's parent company, announced the investigation to the market when it was
commenced in September 2023, and Quest has fully cooperated with RBNZ's inquiries. RBNZ has
decided that the appropriate outcome is to issue a warning to Quest.
The warning identified potential breaches of the Insurance (Prudential Supervision) Act 2010. One
matter related to a delay in establishing a statutory fund for Quest's life business in 2021. The
second related to a failure to maintain the required solvency margin for its non-life business in
2022. However, the RBNZ investigation has confirmed that overall solvency was at all times
maintained. Lastly, the RBNZ believed that the backdating of a transaction which balanced the nonlife solvency fund was likely to have also been a breach. Most importantly, the Reserve Bank
investigation has found that these potential breaches did not affect Quest's ability to pay sums due
to policyholders.
Quest has since strengthened its oversight and governance as well as its operational processes
and controls to prevent any such issues recurring. This includes strengthening of Quests board and
management positions as well as a core system replacement and company-wide policy and
procedures upgrades.
Malcolm Johnston
Managing Director
QUEST INSURANCE
Pleased this is settled.
Now I look forward to GFL's interim result due shortly.
https://prod-trade.usx.co.nz/api/file/67354096331cfca2067e5cc0.pdf
Quarterly update.Insurance enjoying strong growth.Finance still has ongoing impairments.
USX ANNOUNCEMENT: GENEVA FINANCE – 27 May 2025
Quarterly trading update: March 2025 (Q4, 31 March 2025 financial year)
Group Financial Performance
The Geneva Group reported an unaudited pretax profit of $6.0 million, an increase of $2.4 million (+66%)
compared to the previous year. The improved result is attributed to enhanced performance from the Insurance
and Tonga operations. New Zealand Lending operations were impacted by high loan delinquencies which saw
an increased impairment charge for the year matching the 2024 charge.
The March 2025 result is similar to the December 2024 USX announced result, principally due to late year-end
adjustments in loan loss provisioning of $1.8million in NZ Lending operations, and late adjustments to Quest
for accruals not previously recognised.
Quest Insurance
Quest Insurance Group Limited (Quest) continues to perform well with NPBT of $7.3 million. Although this is
$1.2 million down on the previous year, this includes an overheads recharge of $2.2 million of operating costs
paid at the Group level on behalf of Quest.
The 2025 year saw Quest continuing its year-on-year double digit growth trend. Gross written premiums grew
by 20.4% to $55.8 million, driven by robust market demand and expanding distribution channels. Claims costs
remained stable compared to the prior year, reflecting continued underwriting discipline.
Investment income rose 13.7% to $2.1 million, supported by strong cash flows and positive term deposit rates.
Quest also maintained a solid liquidity position, with cash on hand increasing by 7.1% to $42.1 million. Quest's
solvency ratios remain strong, underscoring the company's sound financial position and commitment to longterm stability.
This year's result demonstrates Quests continued momentum in the market, underpinned by prudent financial
management and a deliberate focus on strengthening operational foundations to support future growth. In
2025, the positions of Financial Controller and Manager Risk and Compliance were created to ensure a
specific focus on these areas was enhanced. Both position report directly to the CEO of Quest Insurance.
Level 3, 3 Te Kehu Way, Mt Wellington, Auckland 0800 800 132
NZ Lending Operations
New Zealand lending operations reported a $3.4 million loss for the fiscal year ending March 2025, which is an
improvement of $3.2 million from the $6.6 million loss recorded in the prior year. This improvement reflects
the recharge of insurance related costs now being passed on to the insurance operations from the beginning
of the current year. Loan loss provisioning hit $4.9m million in 2025, similar to the 2024 year. Lending for the
full year increased by 4.6%, totalling $55.6 million. Additionally, dealer Floorplan funding grew by 4.5%,
reaching $15.1 million for the year. Net Group receivables increased from $110 million to $117.3 million,
reflecting a 6.4% growth for the year.
The key focus for lending is now improving the quality of loans approved and at the same time growing the loan
book. Recent changes to lending processes, including the appointment of a new credit manager in January
2025, will support this objective. Furthermore, the launch of a new lending onboarding platform is underway
and expected to be completed within the next Quarter.
Tonga Lending Operations
The Tonga operation reported a $2.1 million pretax profit, up $0.3m (18.9%) on last year.
Funding
The Group's Westpac Funding facility increased to $87.3 million, up $5.8 million. Kiwi Bank Facility is being
repaid and has $0.6 million remaining at year-end. Over the last year, $1.7 million was repaid to Kiwibank.
Funding from wholesale investors at year-end was $16.3 million, with $0.7 million repaid during the period.
Highlights / Key Events 2025 financial year
Group
• Group delisted from NZX, listed on the USX, July 2024
• Restructure of Lending and appointment of a separate Manager Credit, Jan 2025
Quest
• RBNZ investigation into two potential IPSA breaches resulted in a public censure with no fines in
November 2024.
• Appointment of Quest focused positions, Manager Risk and Compliance and Financial Controller.
• COFI licence granted effective 31 March 2025
• Insurance business exceeding $50m gross written premiums
• Launched new insurance software on 1 April 2025
$6m PBT less an assumed 28% tax gives NPAT of $4.3m. Divided into 72.9m shares is 5.9c EPS.
With a SP of 26c divided into EPS of 5.9c puts GFL on a P/E ratio of 4.4. Outstanding growth in insurance.....again. Hopefully that is the bottom of the cycle for poor performing loans.
Media Release 16 July 2025
March 2025 FY Final Dividend Payment
Geneva Finance announces final dividend for the 31 March 2025 financial year.
The board has resolved to declare a 1.5 cents per share final dividend for the March 2025 financial
year.
The final dividend will be paid on 25 July 2025. The ex-dividend date will be 22 July 2025, and
the record date will be 23 July 2025.
ends
Investments@genevafinance.co.nz
Somebody keen to get onboard.
BIDS
Quantity Price MPID
608,257 0.2800
200,000 0.2000
OFFERS
Quantity Price MPID
No Offers Available
TRADES
Quantity Executed Price Time
191,743 0.2800 05/08/2025, 10:40:22 AM
GFL's latest a/cs
https://prod-trade.usx.co.nz/api/file/6889b5e891fa491fa4b6fb98.pdf
NB.Page 7 eps have increased from 2.38cps to 5.128 giving a PE at sp 28 cents of 5.13.
Number Of Shares Issued:
72,935,275
Last Financial Year EPS:
0.05
Market Capitalization:
20,421,877
P/E Ratio:
5.13
Last Price:
0.2800
Last 12 Months Gross Dividend Yield:
14.90%
Very strong quarterly out today;
USX ANNOUNCEMENT: GENEVA FINANCE – 21 August 2025
Quarterly trading update: 30 June 2025 (Q1, 31 March 2026 financial year)
Group Financial Performance
The Geneva Group reported an unaudited pretax profit of $2.9 million, an increase of $1.24 million
compared to the previous year. The improvement over prior year is attributed to improved
performance across the entire group. New Zealand Lending operations, previously impacted by high
loan delinquencies is now seeing an improvement trend in the overall health of the loan book. This
is a direct result of the restructure of the credit and sales departments in early in 2025.
Quest Insurance
Quest Insurance Group Limited (Quest) continues to perform well with premium income reaching
$16.8 million, an 85% lift from the $9.1m million for the June quarter in 2024. Quest's combined
underwriting result of $3.6 million was up 59.7% from $2.25 million in the prior year.
Investment income rose 14.8% from prior year to $0.43 million, supported by strong cash flows and
increased cash holdings also up on prior year by $4.7 million 12.3%.
This supports Quest's liquidity position and its solvency coverage ratio sitting at 139%.
NZ Lending Operations
New Zealand lending operations reported an NPBT $0.02 million loss for the first quarter, a $0.48
million improvement over the prior year. The improvements are due to increased net interest income
up $0.32 million, reduced funding costs of $0.23 million driven mainly by reductions in the OCR over
the last 12 months, and stabilised and improving loan book quality.
Gross receivables at $113 million were down by $2.8 million (-2.4%) from previous year.
For lending we remain focused upon simultaneously improving the composition and size of our loan
book.
Tonga Lending Operations (FPF Tonga
The Tonga operations continue to perform well. NPBT increased to $0.6 million up 10% from the
previous year. The loan book continues to grow steadily, at $10.8 million up 35% on previous year.
Funding
The Group's Westpac Funding facility increased to $83.3 million, up $1.25 million (1.5%) over
previous year. Funding from wholesale investors was $17.8 million down $0.5 million (-2.8%).
GFL Annual Report;
https://prod-trade.usx.co.nz/api/file/68abd24c91fa491fa4b6fe0b.pdf
AGM presentation.
https://prod-trade.usx.co.nz/api/file/68db2fbf91fa491fa4b6fead.pdf
A stunning update,
https://prod-trade.usx.co.nz/api/file/6907e2cd329a505231d457da.pdf
Quote from: Ferg on May 27, 2025, 03:49 PM$6m PBT less an assumed 28% tax gives NPAT of $4.3m. Divided into 72.9m shares is 5.9c EPS.
With a SP of 26c divided into EPS of 5.9c puts GFL on a P/E ratio of 4.4. Outstanding growth in insurance.....again. Hopefully that is the bottom of the cycle for poor performing loans.
The above was posted on 27th May 2025.
Share price at the time was 26 cents.
Today 6 months later 40,000 were traded at 47 cents.Up 80%
I hope the next 6 months are just as profitable...lol
I am expecting they will announce a divie before Christmas.Either 1 cps or if I am lucky 2cps.
Nice Divie for Christmas.
Last year it was 1 cent.This year up 50% to 1.5cps.
USX Code GFL
Type of Action:
e.g. Dividend, Interest, Bonus, Rights,
Issue, Cancellation, Interim, Full Year
etc.
FYE 2026 Interim Dividend
Details if Securities Action:
Number to be Issued/Cancelled,
entitlements, ratios, conditions, price (if
an Issue) etc.
Announcement of Interim Dividend
Details if Money Action:
Amount per security; any taxation and
credit details.
1.5 cents per share
Imputation credits of 0.01 per share
Number of Securities of this
Class on Issue post Corporate
Action
72,935,375
Ex Dividend Date 15/12/2025
Record Date 16/12/2025
Payment Date 23/12/2025
Stunning. I am seeking confirmation on the imputation credits....I think it is 100% imputed at $0.01 but I want to check it's not 0.01c IC's.
Yes the dividend is fully imputed. Rounding got in the way of the announcement.
Last 2 dividends declared were 1.5c....call it 3c per annum. Assuming future dividends are 3c p.a and fully imputed gives annual gross dividends of 4.167c per share. Divided into the last share price of 47c is a pre-tax yield of 8.9%.
Quote from: lorraina on Nov 28, 2025, 04:11 PMThe above was posted on 27th May 2025.
Share price at the time was 26 cents.
Today 6 months later 40,000 were traded at 47 cents.Up 80%
I hope the next 6 months are just as profitable...lol
I am expecting they will announce a divie before Christmas.Either 1 cps or if I am lucky 2cps.
"Heavens to Murgatroyd"
75,592 GFL traded at 56 cents this morning.
And that is ex divie.?
Another stunning result.
USX ANNOUNCEMENT: GENEVA FINANCE – 9 February 2026
Quarterly trading update: 31 December 2025 (Q3, 31 March 2026 financial year)
Key Financial Highlights
Group Financial Performance
The Geneva Finance Group reported an unaudited pretax profit of $8.6 million for the nine months
ended 31 December 2025, representing a $2.9 million improvement on the prior year.
The year‑on‑year improvement reflects stronger performance across the Group, underpinned by
disciplined execution and operational progress. In particular, New Zealand Lending operations,
which were previously impacted by elevated loan delinquencies, are now demonstrating a marked
improvement in overall loan book health.
This recovery highlights the effectiveness of remediation actions implemented and underscores
the Group's operational turnaround and growing strategic momentum.
Quest Insurance
Quest Insurance Group Limited (Quest) continued its strong performance, with net premium
income increasing to $45.6 million, a 24% increase from $36.7 million in the nine months ended
December 2024. The underwriting result strengthened to $11.1 million, up 18% from $9.4 million in
the prior year.
Strong operating cash flows increased Quest's cash holdings by $3.0 million (7%) to $44.3 million,
reinforcing liquidity. This was achieved despite a 28% year‑on‑year decline in investment income to
$1.1 million, reflecting lower market interest rates.
The solvency coverage ratio remains robust at 137%, demonstrating prudent capital management
and sustained profitability.
NZ Lending Operations
New Zealand Lending operations reported a net loss before tax of $0.5 million for the nine‑month
period, representing a $1.8 million improvement on the prior year.
The improved result was primarily driven by a $1.2 million reduction in funding costs, reflecting
lower funding rates following reductions in the Official Cash Rate (OCR) over the past 12 months. In
addition, improvements in loan book quality resulted in lower impairment charges, further
supporting the year‑on‑year improvement.
NPBT
$8.6m
+$2.9m on PY
Gross Receivables
$114.0m
($16.9m) on PY
Earnings per Share*
11c
+4c on PY
Return on Equity*
19%
+6 pp** on PY
*NPAT annualised
**Percentage Points
Level 3, 3 Te Kehu Way, Mt Wellington, Auckland 0800 800 132
Gross receivables declined to $102.9 million, down $18.7 million (15%) compared with the prior
year with a focus on improved credit quality lending.
Looking ahead, the lending strategy remains focused on driving sustainable receivable growth
through:
• targeted re‑engagement with introducers,
• increased relationship manager presence in the market, and
• ensuring our pricing approach remains competitive while balancing risk and returns.
Tonga Lending Operations (FP Tonga)
The Tonga operations continue to perform strongly, with net profit before tax increasing to $1.9
million, up 31% on the prior year. The loan book grew steadily to $12.0 million, representing 22%
growth year‑on‑year.
Funding
The Group's utilisation of the Westpac funding facility reduced to $77.8 million, a decrease of $10.6
million (-12%) compared with the prior year. Funding from wholesale investors decreased to $16.3
million, down $0.75 million (-4%).
Outlook
The Group remains focused on maintaining momentum across all business units in the final
quarter of the financial year. In Lending, a targeted re-engagement program with key introducers is
underway to rebuild origination volumes. Insurance operations continue to benefit from strong
policyholder growth and improved claims management.
The Group's balance sheet is well-positioned to support lending growth, while ongoing system
enhancements are delivering measurable improvements in scalability and cost efficiency,
reinforcing Geneva's commitment to operational excellence and sustainable growth.
Another stnner;
USX ANNOUNCEMENT: GENEVA FINANCE LIMTED – 12 May 2026
Full Year trading update: 12 months ended 31 March 2026
Geneva Finance Limited advises that it has delivered a strong unaudited result for the twelve
months ended 31 March 2026 (FY2026), reflecting a significant improvement in earnings quality,
balance sheet strength, and operating performance across the Group.
Key Financial Highlights (Unaudited)
Metric
FY2026 FY2025 FY2019-FY2025 2026 vs 2025 2026 vs Avg
Unaudited 7-Year Avg
NPBT ($m) 12 6 ~5.5 +100% ~+119%
NPAT ($m) 8.6 4.6 ~4.5 +87% ~+90%
EPS ($) 0.118 0.063 ~0.062 +87% ~+90%
Total Assets ($m) 217 212 ~160 +2% ~+35%
Net Assets ($m) 48 41 ~36 +17% ~+35%
Net Assets per Share ($) 0.66 0.56 ~0.49 +17% ~+34%
ROE (%) 18% 11% ~13% +7pp* ~+5pp*
Group Financial Performance
The FY2026 result represents a material improvement on prior years, reflecting broad‑based
performance gains across all business units. The $6 million improvement in NPBT was driven by
Quest (46%), NZ Lending (43%) and FP Tonga (11%).
Insurance
Quest Insurance Group Limited (Quest) continued its strong performance, delivering NPBT of $10
million, up 38% on the prior year. Net premium income increased to $62 million, a 57% increase
from $39 million in the twelve months ended March 2025. The underwriting result strengthened to
$15 million, up 36% from $11 million in the prior year.
Strong operating cash flows increased Quest's cash holdings by $5 million (13%) to $47 million,
reinforcing liquidity. This was achieved despite a 26% year‑on‑year decline in investment income to
$1.5 million, reflecting lower market interest rates. The solvency coverage ratio remains robust at
163%, demonstrating prudent capital management.
Lending (New Zealand & FP Tonga)
Lending operations reported a net profit before tax of c.$2 million for the twelve‑month period,
representing a c.$3.3 million improvement on the prior year. The improved result was primarily
driven by enhancements in loan book quality, resulting in lower impairment charges. These
improvements reflect the successful resolution of legacy portfolio issues (pre-March 2024) that
had previously impacted lending performance.
*Percentage Points
Level 3, 3 Te Kehu Way, Mt Wellington, Auckland 0800 800 132
Looking ahead to FY2027, the lending strategy remains focused on driving sustainable receivable
growth through:
• targeted re‑engagement with introducers,
• increased relationship manager presence in the market, and
• maintaining competitive pricing while balancing risk and returns.
Balance Sheet, Funding and Liquidity
The Group's balance sheet strengthened further during FY2026:
• Total assets increased to c.$217 million, up 2% year-on-year
• Gross receivables were approximately $111 million, reflecting a deliberate focus on higherquality lending
• Total cash increased to c.$56m, up 15% year-on-year
The Group continues to operate well within all funding and banking covenants as of 31 March 2026.
Utilisation of the Westpac funding facility reduced to $73 million, a decrease of $15 million (-17%)
compared with the prior year. Funding from wholesale investors was broadly unchanged at $16.4
million.
Strategic Progress and Outlook
FY2026 reflected a marked improvement in operating performance, supported by the execution of
initiatives aimed at:
• Improving lending portfolio quality and risk-adjusted returns
• Strengthening systems, governance, and operational discipline
• Positioning the lending business for scalable, sustainable growth
Looking ahead to FY2027, the Group is focused on rebuilding lending volumes in a measured
manner, supported by increased relationship manager presence and targeted re-engagement with
key introducers. Insurance operations are expected to continue to deliver stable earnings and cash
generation.
The Board remains confident that Geneva is now well positioned to deliver sustainable earnings,
maintain strong capital discipline, and create long-term value for shareholders.
Forward‑looking statements
This announcement contains forward‑looking statements which are subject to risks and
uncertainties. Actual results may differ materially from those expressed or implied.
The Board expects to release the Group's audited FY2026 financial statements in accordance with
USX reporting requirements in due course.