Key Highlights

  • FY26 Revenue increased 150% to AUD 1.56mn.
  • Net income rose 17% to AUD 361,100.
  • The company was formerly known as Raptis Group Limited.
  • Its 2026 Annual General Meeting is scheduled for 17 November.

Group One Capital Limited (ASX:G1C) reported higher FY26 revenue and Net Income as the small property developer continued building its post-rebrand strategy. Attention now turns to its November 2026 annual general meeting and further evidence of progress across property Investment and development activities.

What the company does

Group One Capital operates in property development, investment and management, alongside sourcing structured Debt and Equity facilities in Australia. The company was known as Raptis Group Limited until it changed its name in October 2025, a rebrand that accompanied a shift toward its current property investment and development focus under chief executive and company secretary Malcolm Cory. It is a microcap by any measure, with a Market Capitalisation of roughly $19–21 million and a share price that has traded between 4.4 cents and 15 cents over the past year.

Latest verified developments

The most recent confirmed corporate event is the notice of the company's 2026 annual general meeting, scheduled for 17 November 2026, with the deadline for director nominations falling on 28 September 2026 — the same date as this research. The election of directors is flagged as a key agenda item, and the formal notice of meeting is still to be lodged with the ASX. This follows the company's full-year FY2026 results, which showed the large percentage jump in revenue described above, alongside commentary from company updates that its focus remains on progressing property-related activities, its capital position, and its broader portfolio.

Financial evidence

FY2026 revenue of $1.56 million compares with roughly $624,000 in the prior year, a genuine and substantial increase in percentage terms, though it starts from a very low base. Net income rose to $361,100, up 17% on the prior year, but because revenue grew so much faster than profit, the net Margin fell to around 23% from about 49% previously, which the company has attributed to higher expenses. The screener data behind this article showed no Dividend has been paid, which is consistent with what could be verified: Group One Capital is not currently a dividend-paying stock, appropriate for a company of its size and stage still building out its property strategy.

Risks and uncertainties

Group One Capital is a highly Illiquid microcap with revenue still under $2 million and a share price that has fallen more than a third over the past year on some measures, and considerably more on others depending on the measurement date, reflecting significant volatility. For small property companies at this stage, asset realisation timing, access to funding, and the quality rather than frequency of announcements materially affect outcomes, and investors have limited independent confirmation of the company's project pipeline beyond its own disclosures. The upcoming director elections at the AGM add a further layer of governance uncertainty to monitor.

What to watch

The formal notice of meeting for the 17 November 2026 AGM, due to be lodged with the ASX in coming weeks, will set out the director nominees and other resolutions shareholders will vote on. Beyond the AGM, investors should watch for further property transaction announcements, updated capital position disclosures, and any evidence that the FY2026 margin decline reverses as the company scales its revenue base further. Given the company's small size, even modest new project announcements or changes to the board following the AGM could have an outsized effect on sentiment relative to larger, more liquid property names on the ASX.