Key Highlights

  • Revenue rose 70.5 percent to a record $1.281 billion, up from $751.3 million in FY25
  • Normalised EBITDA increased 49.6 percent to $100.8 million, with underlying net profit after tax up 44.5 percent to $54.9 million
  • Cash balance grew to $476.0 million from $160.9 million a year earlier, including proceeds from a May 2026 Equity raise
  • The company forecasts FY27 EBITDA in the range of $200 million to $205 million

GenusPlus Group Ltd (ASX:GNP), the essential power and communications infrastructure provider, reported Revenue of $1.281 billion for FY26, an increase of 70.5 percent on the $751.3 million recorded in FY25. Normalised EBITDA rose 49.6 percent to $100.8 million, while normalised EBIT-A increased 46.5 percent to $81.3 million. Net profit after tax rose 38.5 percent to $49.0 million, and underlying net profit after tax increased 44.5 percent to $54.9 million. Basic Earnings Per Share rose 35.5 percent to 26.75 cents.

Cash Position and Funding

The company reported a cash balance of $476.0 million at 30 June 2026, up from $160.9 million a year earlier, with net cash of $399.3 million compared with $113.5 million in the prior year. The improvement included $195.6 million in net proceeds from an equity raise completed in May 2026, undertaken to fund the Acquisition of MPK, which completed on 1 July 2026 with $130 million of borrowings drawn. Bank guarantee and surety bond limits increased to $540 million from $260 million a year earlier, with $296.3 million of headroom available at year end. Cash inflow from operations for the year was $194.0 million.

Dividends

The board declared a final Dividend of 3.6 cents per share, fully franked, payable on 30 October 2026, taking total dividends for the year to 5.6 cents per share, an increase of 55.6 percent on FY25.

Orderbook, Acquisitions and Safety

GenusPlus reported an orderbook of $2.2 billion, excluding recurring revenue, and a tendered pipeline of $3.6 billion. Recurring Revenue is forecast to rise to approximately $764 million in FY27, including MPK, from $446 million in FY26. Managing Director David Riches said integration of recent acquisitions, including MGC and Commtel, had progressed as planned, with Commtel integrated following its acquisition out of administration. The MPK acquisition adds more than 900 staff to the group. The company reported a Total Recordable Injury Frequency Rate of 2.6 for the 12 months to 30 June 2026 across its workforce of more than 2,500 staff and subcontractors.

Outlook for FY27

GenusPlus forecast FY27 EBITDA in the range of $200 million to $205 million, supported by its orderbook, the MPK and Railtrain acquisitions, and continued growth in its east coast operations, where its footprint is expected to exceed 50 percent of the Business following the MPK acquisition. The company is forecasting FY27 Capital Expenditure of between $65 million and $70 million, including MPK and Railtrain, and expects continued Investment Demand tied to Australia's transmission and distribution networks, renewable energy generation, battery storage and growth in data centre capacity.

Conclusion

GenusPlus Group's FY26 results reflected growth across revenue, earnings, cash generation and dividends, aided by acquisitions that expanded its east coast presence and diversified its service capability into gas, water and rail infrastructure. With a sizeable orderbook and tendered pipeline heading into FY27, together with EBITDA guidance for further growth, the company's near-term performance will depend in part on the pace of integration of its recent acquisitions and continued investment in Australia's energy transition infrastructure.