GenusPlus Group (GNP) H2 2026 earnings summary

Executive summary

• Achieved record revenue of AUD 1.281 billion for FY2026, up 70.5% year-over-year, with workforce expanding to 2,503 employees following major acquisitions including MPK and Railtrain.

• Integration of MPK and Railtrain diversified operations into rail, pipeline, gas, oil & gas, and renewables, strengthening the business footprint.

• Record normalized EBITDA reached AUD 100.8 million, up 49.6%, with underlying NPAT at AUD 54.7 million and strong cash generation.

• Maintained a strong safety record, with TRIFR of 2.6, and stable management supporting rapid growth and operational ramp-up.

• Orderbook reached AUD 2.2 billion, supporting future earnings visibility.

Financial highlights

• Revenue increased 70.5% year-over-year to AUD 1.281 billion, with normalized EBITDA at AUD 100.8 million and underlying NPAT at AUD 54.7 million.

• Free cash flow before tax was AUD 229.7 million, with a 239.9% free cash flow to EBITDA conversion rate.

• Cash balance surged to AUD 476 million, net cash at AUD 399.3 million, reflecting capital raise for MPK acquisition.

• Final dividend declared at AUD 0.036 per share, total dividends for the year up 55.6% to 5.6 cps, with a strong franking credits balance.

• Bank guarantee and surety bond facility increased to AUD 540 million, with AUD 296.3 million headroom as of June 30.

Outlook and guidance

• FY2027 EBITDA guidance is AUD 200–205 million, supported by a AUD 2.2 billion orderbook and AUD 764 million recurring revenue, reflecting organic growth and contributions from MPK and Railtrain.

• Tender pipeline remains robust at AUD 3.6 billion, with continued diversification into gas, water, and rail sectors.

• CAPEX for FY2027 projected at AUD 65–70 million, including recent acquisitions.

• Focus on growing recurring revenue and aggressive tendering in diversified infrastructure, rail, and renewables.

• Anticipates continued growth from east coast operations and increased services revenue.