General Finance credit rating outlook upgraded to positive by Equifax

General Capital Limited announced that Equifax Australasia Credit Rating Pty Ltd (Equifax) has affirmed the BB financial strength rating of its subsidiary, General Finance Limited, following a review of its six-monthly audited accounts to September 30, 2025. The outlook for the credit rating has been revised upwards from "Stable" to "Positive," reflecting Equifax's expectation of continued improvement in General Finance's operating performance.

This positive revision is based on anticipated growth in the loan book and deposits, coupled with sustained healthy profitability. managing director Brent King highlighted that the introduction of the DCS on July 1, 2025, has significantly driven deposit growth, supported by strong lending and prudent credit control. These factors have contributed to strong profitability despite the ongoing economic challenges in New Zealand.

General Finance’s accounts are audited every six months, with the credit rating reviewed shortly thereafter by Equifax, providing increased confidence for investors. This announcement was authorized by Brent King, managing director of General Capital Limited, on December 18, 2025.