GenusPlus Group (GNP) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of $535.4 million, up 61% year-over-year, with normalised EBITDA of $46.3 million (up 69%) and NPAT of $24.9 million (up 82%), reflecting strong growth across all business segments.

• Orderbook reached a record $2.4 billion, up 23% from June 2025, excluding recurring revenue, supporting robust future earnings.

• Strong operational performance driven by significant renewable energy and infrastructure projects, with major contract wins including the Western Renewables Link.

• Maiden interim fully franked dividend of 2.0 cents per share declared, payable April 2026.

• All segments delivered higher revenues and improved earnings, supported by organic growth and successful integration of recent acquisitions.

Financial highlights

• Revenue increased to $535.4 million from $332.9 million year-over-year, with EBITDA at $46.3 million and NPAT at $24.9 million.

• Basic EPS rose to 13.8 cents per share, up 80% year-over-year.

• Cash balance increased to $178.1 million, net cash at $127.0 million, and operating cash flow of $73.7 million.

• Free cash flow before tax was $91.9 million, with a 199% conversion rate to EBITDA.

• CapEx for H1 FY2026 was $34.4 million, with FY2026 forecast at $40–$45 million.

Outlook and guidance

• FY2026 normalised EBITDA forecast to grow circa 35%, with recurring revenue expected to increase by 20%.

• Tendered pipeline remains strong at $2.6 billion, with continued growth in orderbook and recurring service work.

• Major construction work from North West Transmission Developments expected to commence in FY2027.

• Focus remains on leveraging opportunities in energy transition, infrastructure, and services, with investments in fleet and equipment to support major projects.