GenusPlus Group (GNP) H1 2025 earnings summary

Executive summary

• Achieved record half-year revenue of AUD 333 million (up 33% year-over-year), with strong growth across all business segments.

• Normalized EBITDA reached AUD 27.4 million, up 25%, and statutory NPAT was AUD 13.7 million, up 51% year-over-year.

• Major infrastructure and industrial services projects awarded, expanding the order book to nearly AUD 1.5 billion.

• Successful integration of recent acquisitions (Comtel, Partum, Geographe Trees) to diversify and strengthen service offerings.

• Workforce expanded to over 1,200 employees, with a focus on diversity, inclusion, and Indigenous engagement.

Financial highlights

• Revenue: AUD 333 million for the half, up 33% year-over-year.

• Normalized EBITDA: AUD 27.4 million, up 25% year-over-year; statutory NPAT: AUD 13.7 million, up 51% year-over-year.

• Basic EPS: 7.69 cents, up 51% year-over-year.

• Free cash flow from operations: AUD 35.5 million, with a conversion rate of 136%.

• Cash balance at period end: AUD 89.9 million after funding acquisitions and CapEx.

Outlook and guidance

• Reiterated at least 20% EBITDA growth guidance for FY2025, with a robust tender pipeline of AUD 2.2 billion and additional AUD 4 billion in opportunity leads.

• Order book surged from AUD 519 million at FY24 end to nearly AUD 1.5 billion, driven by major infrastructure projects.

• Recurring revenue forecast at AUD 276 million for FY2025, up 23% from FY2024.

• Infrastructure margins expected to return to 10-11% as resourcing investments normalize.

• Continued focus on scaling communications and recurring service contracts for balanced growth.