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Highlights:

  • GNP upgrades FY25 EBITDA guidance to 28–32% organic growth plus USD 4–6 million from acquisitions.
  • The company secures USD 20 million rail infrastructure project via newly acquired MGC Solutions.
  • GNP reports faster-than-expected project completions and increased acquisition contribution.

GenusPlus Group Ltd (ASX: GNP), a national provider of essential power and communications infrastructure, has announced an upgraded earnings outlook for the financial year ending June 2025(FY25), alongside securing a multi-year rail infrastructure contract through its subsidiary, MGC Solutions.

In a trading update released to the ASX, the Perth-headquartered company revised its FY25 earnings expectations upward following a stronger-than-anticipated performance in the June quarter. The company cited earlier-than-forecast project completions and increased contribution from recent acquisitions as the main drivers of this revision.

Based on current operational and market conditions, GenusPlus now expects its normalised organic EBITDA to grow between 28% and 32% YoY of USD 45.3 million. Additionally, the company anticipates a further USD 4 million to USD 6 million in EBITDA contribution from acquired businesses, pushing total EBITDA above initial forecasts.

This is the second half upgrade for the financial year and reflects changes in revenue and cost profiles from a portfolio of projects that were either accelerated or added during the year. The company says these developments reflect its ability to manage timelines and integrate new business units.

In tandem with the earnings update, GenusPlus also reported a significant contract win through MGC Solutions, which it acquired in April 2025. The contract, awarded by Arc Infrastructure, relates to the Level Crossing Upgrade and Renewals Project and is valued at approximately USD 20 million.

Under this rolling five-year agreement, MGC Solutions will deliver comprehensive services across 46 level crossings in Western Australia. The scope includes procurement, design, civil and structural construction, electrical installation, and testing and commissioning.

The project is expected to enhance safety standards at key rail-public road interfaces and will be delivered as part of Arc Infrastructure’s broader renewal efforts across its regional rail network.

GenusPlus’ Managing Director, David Riches, acknowledged the significance of the project, noting that it builds on the company’s track record in infrastructure delivery and expands its footprint within the transport sector.

This contract follows the recent integration of MGC Solutions into the GenusPlus Group, signaling the company’s intention to diversify its infrastructure offering beyond power and communications into transportation-related projects.

GenusPlus also provides network design, fixed and wireless communications systems, and real-time network management services for customers in the utility, industrial, and government sectors. The company operates across urban and remote parts of Australia and has grown its presence through strategic acquisitions and organic project expansion.

Management stated that the upgraded guidance, combined with a growing order book and recent project wins, reflects current market dynamics and internal operational execution. The company expects continued growth into FY26, supported by demand for power network upgrades, communications infrastructure, and rail-related civil works.

While GenusPlus did not provide exact revenue projections for the coming year, its revised EBITDA expectations and contract pipeline suggest increasing activity across all business segments. The company affirmed its focus remains on delivering safe, efficient, and timely project execution across Australia’s essential infrastructure landscape.