GenusPlus Group (GNP) H1 2026 earnings summary

Executive summary

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

• Orderbook grew to $2.4 billion, up 23% from June 2025, with significant contract wins including Western Renewables Link ($1.6 billion) and Western Power CELN ($110 million).

• Strong cash position at $178 million and net cash of $127 million, supporting growth, M&A ambitions, and interim fully franked dividend of 2.0 cents per share.

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

• Positioned to benefit from Australia's energy transformation, with a robust tender pipeline and ongoing focus on M&A.

Financial highlights

• Revenue up 61% to $535.4 million, EBITDA at $46.3 million, and statutory NPAT at $24.9 million.

• Basic EPS rose to 13.84 cents, up 80% year-over-year.

• Operating cash flow of $91.9 million with a 199% conversion rate to EBITDA.

• CapEx for H1 FY2026 was $34.4 million, targeting $40–45 million for the full year.

• New $429 million syndicated facility executed, providing $278 million headroom for growth.

Outlook and guidance

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

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

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

• Focus remains on leveraging opportunities in energy transition, infrastructure, and services.