GenusPlus Delivers Record Half-Year Profit on Surging Grid and Renewables Work

GenusPlus Group Ltd. ( (AU:GNP) ) has provided an announcement.

GenusPlus Group reported a strong first half for FY2026, with revenue surging 61% year-on-year to $535.4 million and normalised EBITDA up 69% to $46.3 million, supported by record NPAT of $24.9 million and robust operating cash inflow of $73.7 million. The group’s balance sheet remains solid with $178.1 million in cash, net cash of $127.0 million, a record $2.4 billion order book and a $2.6 billion tender pipeline, underpinning a maiden interim dividend and signalling confidence in sustained growth.

Management highlighted accelerating demand from renewable energy and “rewiring the nation” projects, with recurring revenue forecast to grow 20% in FY2026 and east coast operations contributing an increasing share of sales. Expanded bank guarantee and surety limits, together with strong industry tailwinds as Australia transitions from coal to clean energy, position GenusPlus to capitalise on long-term investment in transmission, distribution, solar and battery storage infrastructure.

The most recent analyst rating on (AU:GNP) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.

More about GenusPlus Group Ltd.

GenusPlus Group Ltd is a national provider of essential power and communications infrastructure in Australia, operating across transmission, distribution and related network services. The company is increasingly focused on large-scale renewable energy, grid rewiring and associated engineering projects, with a growing presence on both the West and East Coasts.

Average Trading Volume: 236,238

Technical Sentiment Signal: Buy

Current Market Cap: A$1.26B

For detailed information about GNP stock, go to TipRanks’ Stock Analysis page.