GFL Genva Finance

[lorraina]

$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.

[lorraina]

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

[Ferg]

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.

[Ferg]

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%.

[lorraina]

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.

"Heavens to Murgatroyd"
75,592 GFL traded at 56 cents this morning.
And that is ex divie.?

[lorraina]

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.

[lorraina]

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.