Geneva Finance lifts profit 22% for year to March 2022

2022 marks Geneva Finance’s 20^th year of supporting Kiwis with personal finance services. Earlier this year, it unveiled a refreshed look and feel with a modernised website and branding to reflect its growing direct-to-consumer positioning.

Today, the Group has released its unaudited pre-tax profit of $8.2m is up $1.5m (22%) on last year. See NZX announcement here: https://www.nzx.com/announcements/392973

Highlights of its FY22 results:

• Group pre-tax profit, a record for the Group, increased to $8.2m, up 22%.
• Quest premium sales increased to $30.1m, up 40%.
• Total Cash holdings increasing to $38.8m up 40%
• Total Group assets increased to $156m, up 9%.
• Group equity increased to $38.3m, up 12%.

On the unveiling of its modernised brand to mark its 20^th year, Geneva Finance Managing Director David O’Connell says, “The business has had impressive longevity because we have always focused on matching our services to what customers need at the time, such as matching repayments to pay cycles to make budgeting easier. Our focus, as we pass this important milestone, is on how we can keep both refining and scaling up. Our direction is clear, and customers will see even better and more tailored services from us than ever before.”

Simon Moore, Sales and Lending Manager of Geneva Finance, says, “The majority of our customers use our services to purchase a vehicle. We understand the importance of a reliable vehicle as a tool to get to work and get children to and from school, and our focus is on ensuring our customers have access to a reliable service where they have certainty about their financial situation and access to all the resources and support they need. This is where we specialise and have proved our worth, as our 20 years attest.”