Janus Electric Holdings Limited (ASX:JNS) has released an updated strategy presentation titled "Horizon Two. Planting the Flag," detailing the company's plan to expand across five US regions, pursue the proposed RANGER joint venture in Western Australia, build production capacity toward 50 kits per month, and develop a capital-light charging and energy network, while restating FY27 revenue guidance of A$70–100 million.

Key Points

  • FY27 revenue guidance of A$70–100 million reiterated on 3 November 2026, based on assumptions stated in the presentation
  • 124 conversions under contract representing approximately A$64.6 million gross across five US fleets and a Canadian customer, with 240-plus potential conversions in the pipeline
  • US CARB authorisation for the JCM 540 covers 39 Class 8 models and 920 configurations across six makes
  • Funding stack includes A$11 million CBA trade and asset finance, A$12.2 million equity raised in 2026, an A$1.9 million R&D refund, and a completed A$2.0 million strategic placement by battery partner Electrovaya
  • Approximately US$166,000 grant per truck approved for the first Ability Tri-Modal trucks, with 20 HVIP drayage applications lodged for that customer

Horizon Two Strategy and Expansion Plans

The presentation reports progress against the three-horizon growth strategy adopted by the board in April 2026 and sets out the company's plan for Horizon Two. This plan encompasses expansion across five US regions, the proposed RANGER joint venture in Western Australia, increased production capacity, and a capital-light charging and energy network. The presentation was released ahead of the company's annual general meeting and described as a regular update on progress across the business. The board of Janus Electric Holdings Limited authorised the release.

North American Order Book and Fleet Deployment

According to the filing, Janus Electric has 28 converted trucks in operation with more than one million kilometres travelled and more than 4,500 battery swaps completed in Australia. In North America, 124 conversions are under contract at an indicative gross contract value of approximately A$64.6 million across five US fleets and one Canadian customer. A further 240-plus potential conversions are described as being in the pipeline. Order-book values are stated as indicative gross contract values consistent with prior company disclosures, and certain orders remain subject to incentive approvals, customer financing and delivery conditions.

FY27 Revenue Guidance Assumptions and Funding Position

The filing states FY27 revenue guidance of A$70–100 million is based on delivery of the North American order book by early Q4 FY2027, incentive approvals in line with programme timing, and battery supply as planned. The company's disclosed funding stack comprises A$11 million in CBA trade and asset finance, A$12.2 million in equity raised during 2026, an A$1.9 million R&D refund, and a completed A$2.0 million strategic placement by battery partner Electrovaya. The filing notes production capacity is being built toward 50 kits per month as part of the Horizon Two plan.