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Raptis Group Ltd. (AU:G1C)
ASX:G1C
Australian Market

Raptis Group Ltd. (G1C) AI Stock Analysis

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AU:G1C

Raptis Group Ltd.

(Sydney:G1C)

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Neutral 67 (OpenAI - 5.2)
Rating:67Neutral
Price Target:
AU$0.14
â–²(101.43% Upside)
The score is driven primarily by improved 2025 financial performance and a low-risk, debt-free balance sheet, tempered by historically volatile earnings/cash flows. Technicals are supportive but appear overextended, and valuation is a notable headwind due to the very high P/E.
Positive Factors
Debt-free balance sheet
Zero reported debt from 2023–2025 and materially expanded equity by 2025 meaningfully lowers refinancing and interest-rate risk. This durable capital structure preserves financial flexibility to fund development, absorb shocks, or pursue opportunistic investments over coming months.
Recent revenue and margin improvement
Revenue grew ~13% in 2025 while net margin improved markedly to ~49%, with gross margin stable in the high-40s. These results point to stronger core profitability and pricing/asset-mix resilience, which, if sustained, enhance durable cash flows and reinvestment capacity.
Stronger cash generation in 2025
Operating and free cash flow turned positive in 2025 after prior weakness, indicating improved cash conversion. More reliable internal cash generation reduces reliance on external financing and supports sustainable funding for capex, distributions, or strategic deployment over the medium term.
Negative Factors
Historic cash-flow volatility
Operating cash flow and free cash flow have been highly inconsistent historically, including negative operating cash flow in 2020–2022 and large FCF swings. This variability undermines predictability for capital allocation, dividend sustainability, and prudent multi-quarter planning.
Earnings driven by non-operating items
Earnings volatility and instances like an operating loss in 2022 despite positive net income signal reliance on non-operating or one-off items. That obscures true operating performance, reducing confidence that reported profits are repeatable for forecasts and long-term planning.
Modest, inconsistent returns on equity
ROE running at mid-single digits in 2024–2025 and varying across years indicates modest capital efficiency. Inconsistent returns suggest shareholder value is reliant on cyclical or exceptional gains rather than steady operational outperformance, limiting predictable long-term returns.

Raptis Group Ltd. (G1C) vs. iShares MSCI Australia ETF (EWA)

Raptis Group Ltd. Business Overview & Revenue Model

Company DescriptionGroup One Capital Limited engages in the property development, management, investment, and sourcing debt and equity structured facility activities in Australia. The company was formerly known as Raptis Group Limited and changed its name to Group One Capital Limited in October 2025. The company was incorporated in 1983 and is based in Bundall, Australia. Group One Capital Limited is a subsidiary of Hanslow Holdings Pty Limited.
How the Company Makes MoneyRaptis Group Ltd. makes money through several key revenue streams. The primary source of income is the sale and leasing of real estate properties, including residential, commercial, and mixed-use developments. The company also generates revenue through property management services, collecting fees for managing and maintaining properties on behalf of owners. Additionally, RPG engages in strategic partnerships and joint ventures to undertake large-scale development projects, which can lead to significant financial returns. Other revenue streams may include consulting and advisory services related to real estate development and investment.

Raptis Group Ltd. Financial Statement Overview

Summary
Strong 2025 improvement (revenue up ~13% and materially higher net margin), supported by a conservative balance sheet with no reported debt. Offsetting this, earnings and cash flows have been volatile over multiple years, reducing confidence in durability of results.
Income Statement
Revenue has grown strongly in the most recent year (2025 annual revenue growth ~13%), and profitability improved materially versus 2024 (net margin ~49% vs ~22%). Gross margin has remained fairly stable around the high-40% range in recent years, suggesting decent pricing/asset mix stability. That said, earnings are very volatile across the period (e.g., unusually high net margins in 2021–2023 and a sharp operating loss in 2022 despite positive net income), which points to meaningful non-operating or one-off items and makes underlying earnings power less predictable.
Balance Sheet
The balance sheet is conservatively positioned with zero reported debt in 2023–2025 and a near-zero level in 2022, which materially reduces refinancing and interest-rate risk. Equity has expanded significantly by 2025, supporting a stronger capital base, and returns on equity are positive (mid-single digits in 2024–2025, higher in 2021–2023). The main weakness is that profitability/returns have not been consistently high year-to-year, so the stronger capital structure does not always translate into stable shareholder returns.
Cash Flow
Cash generation improved meaningfully in 2025 with positive operating cash flow and positive free cash flow, a clear step up from 2024 when free cash flow was negative. However, cash flow has been inconsistent over the longer period, including negative operating cash flow in 2020–2022 and very large swings in free cash flow (notably a sharply negative 2020). While the latest year is stronger, the historical volatility reduces confidence in durability of cash conversion.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue626.92K626.92K534.66K502.44K117.54K416.01K
Gross Profit296.82K296.82K259.53K250.73K72.55K213.90K
EBITDA169.58K169.58K81.41K147.08K-246.66K116.09K
Net Income309.51K309.51K117.34K354.17K96.10K531.49K
Balance Sheet
Total Assets5.49M5.49M3.27M3.15M2.90M2.67M
Cash, Cash Equivalents and Short-Term Investments1.98M1.98M256.14K260.46K238.31K2.67M
Total Debt0.000.000.000.0028.68K0.00
Total Liabilities62.52K62.52K53.72K48.75K155.05K17.50K
Stockholders Equity5.42M5.42M3.22M3.10M2.75M2.65M
Cash Flow
Free Cash Flow245.48K245.48K-4.31K50.83K-432.23K-33.51K
Operating Cash Flow245.48K245.48K95.68K50.83K-347.69K-33.51K
Investing Cash Flow-417.61K-417.61K-100.00K0.00-2.08M6.47M
Financing Cash Flow1.90M1.90M0.00-28.68K0.00-4.23M

Raptis Group Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
* Real Estate Sector Average
Performance Comparison

Raptis Group Ltd. Corporate Events

Group One Capital Reports Director’s Interest Change
Dec 18, 2025

Group One Capital Limited has announced a change in the interest of its director Neville Bell, whose indirect interest in ordinary shares has increased following the acquisition of 1,000,000 shares through Tremhill Pty Ltd, acting as Trustee for the Bell Family Trust. These shares were acquired at $0.02 per share as approved by shareholders at the Annual General Meeting and will be held in escrow for two years. This development highlights the company’s ongoing governance and interest adjustments, which may influence its equity dynamics and shareholder confidence.

Group One Capital Limited Appoints New Director with Significant Shareholding
Dec 15, 2025

Group One Capital Limited has announced the appointment of Neville Bell as a director effective from September 1, 2025. As part of his appointment, Bell holds a significant interest in the company through Tremhill Pty Ltd as trustee for the Bell Family Trust, which owns one million ordinary shares. This appointment and shareholding were approved by the shareholders at the company’s Annual General Meeting in 2025.

Raptis Group Ltd. Director Increases Shareholding
Dec 15, 2025

Raptis Group Ltd. has announced a significant change in the interest of one of its directors, Ross Patane. The director acquired 1,000,000 ordinary shares at $0.02 per share, as approved by the shareholders at the Annual General Meeting. This acquisition increases his total holdings to 1,148,758 shares, with the new shares to be held in escrow for two years. This move reflects a strategic positioning within the company, potentially signaling confidence in the company’s future prospects.

Group One Capital Issues New Shares in Compliance with Corporations Act
Dec 15, 2025

Group One Capital Limited has announced the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. The company has complied with relevant provisions of the Corporations Act, and there is no excluded information that needs to be disclosed. This move indicates the company’s adherence to regulatory requirements and may impact its financial strategies and stakeholder interests.

Group One Capital Limited Announces Quotation of New Securities
Dec 15, 2025

Group One Capital Limited has announced the quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code G1C. This move is part of previously announced transactions and could potentially enhance the company’s market presence and liquidity, offering stakeholders an opportunity to engage with the company’s growth strategy.

Group One Capital Finalizes Funding for Canberra Development
Dec 14, 2025

Group One Capital Limited (G1C) has finalized a structured funding facility for the Ahlie development, a 107-unit residential project in Canberra, through its subsidiary FSU Capital Pty Ltd. The funding includes a senior construction facility and an equity/mezzanine facility, with construction already underway and initial drawdowns completed. G1C anticipates revenue between $5.8 million and $6.0 million over the project’s lifecycle, with the first milestone payment expected in April 2026. The company is also advancing additional structured capital transactions as part of its strategic focus on non-traditional funding solutions.

Group One Capital Limited Announces Proposed Securities Issue
Dec 12, 2025

Group One Capital Limited has announced a proposed issuance of 2,000,000 ordinary fully paid securities, with the issue date set for December 15, 2025. This move is part of a placement or other type of issue, and the company has applied for these securities to be quoted on the ASX. The announcement indicates an effort to raise capital, which could impact the company’s operations and market positioning.

Group One Capital Announces Director Share Issue
Dec 12, 2025

Group One Capital Limited, listed on the ASX under the ticker G1C, has announced a director share issue involving the issuance of shares to entities associated with its directors. The company will issue 1,000,000 ordinary shares each to Wonate One Pty Ltd and Tremhill Pty Ltd, both at $0.02 per share, totaling $20,000 per entity. These shares will be under voluntary escrow for two years. This move, approved at the recent annual general meeting, reflects the company’s governance practices and could impact its market perception and stakeholder relations.

Group One Capital Director Increases Shareholding
Dec 10, 2025

Group One Capital Limited has announced a change in the interests of its director, Malcolm Cory, involving an increase in his indirect holdings of ordinary shares. The director acquired 5,000,000 shares through an off-market transfer, approved by shareholders at the AGM 2025, bringing his total holdings to 16,284,961 shares. This change reflects the company’s ongoing adjustments in its governance and shareholder structure, potentially impacting its market positioning and stakeholder interests.

Raptis Group Ltd. Director Increases Shareholding
Nov 24, 2025

Raptis Group Ltd. has announced a change in the director’s interest, specifically involving Ross Patane. The director, through AREAO PTY LTD , acquired 65,521 ordinary shares at $0.0600 per share, increasing his total holdings to 148,758 shares. This transaction was conducted as an on-market trade and did not occur during a closed period, indicating compliance with trading regulations.

Group One Capital Limited Adopts New Constitution
Nov 19, 2025

Group One Capital Limited, a company listed on the Australian Securities Exchange under the ticker G1C, has announced the adoption of a new constitution following approval by its shareholders at the 2025 Annual General Meeting. This change, authorized by the board of directors, signifies a strategic update in the company’s governance framework, potentially impacting its operational and regulatory alignment.

Group One Capital Limited Successfully Passes All AGM Resolutions
Nov 18, 2025

Group One Capital Limited, a company listed on the Australian Securities Exchange, held its annual general meeting where all proposed resolutions were successfully passed. The meeting’s outcomes included the adoption of the remuneration report, election of directors, replacement of the constitution, and various share-related resolutions, indicating strong shareholder support and potentially enhancing the company’s governance and operational strategies.

Group One Capital’s Strategic Restructuring and Growth Plans
Nov 18, 2025

Group One Capital Limited, a company undergoing significant restructuring, is focused on rebuilding market confidence and delivering consistent commercial performance. The company has originated transactions expected to generate over $18 million in fees, supported by a strengthened funding platform with access to real estate private equity and structured credit funding. This positions Group One Capital with a competitive advantage in the development market. The company is also expanding its pipeline of opportunities and focusing on external partnerships to strengthen its earnings base, aiming for consistent revenue and greater transparency for shareholders.

Raptis Group Director Increases Stake in Company
Nov 13, 2025

Raptis Group Ltd. has announced a change in the director’s interest, specifically involving Ross Patane, who has increased his indirect interest in the company by acquiring 28,645 ordinary shares through an on-market trade. This change reflects a growing confidence in the company’s future prospects and may influence stakeholder perceptions positively, as it suggests a commitment to the company’s growth and stability.

Group One Capital Corrects Financial Disclosures in Amended Appendix 4C
Nov 10, 2025

Group One Capital Limited has amended its Appendix 4C to correct previously incorrect disclosures regarding payments to related parties and financing facilities. The corrected document reveals a total payment of $17,321 to directors and their associates, including fees and travel reimbursements. The company also disclosed its loan agreements, confirming they were made on arm’s length terms. This amendment underscores the company’s commitment to transparency and adherence to ASX listing rules.

Group One Capital Appoints New CEO
Nov 2, 2025

Group One Capital Limited has announced the appointment of Mr. Ross Patane as the new Managing Director and Chief Executive Officer, effective November 1, 2025. Mr. Patane, who joined the board as a Non-Executive Director in July 2025, brings over 30 years of experience in corporate advisory, mergers and acquisitions, financial services, and investment management. This leadership change follows a board-led transition and aims to enhance the company’s progress under Mr. Patane’s guidance. The company also confirmed that Mr. Neville Bell will continue as Chair and Non-Executive Director, while Mr. Malcolm Cory will resume his roles as Executive Director, Chief Financial Officer, and joint Company Secretary.

Group One Capital Limited Reports Strong Quarterly Performance and Governance Enhancements
Oct 30, 2025

Group One Capital Limited, previously known as Raptis Group Ltd., is focused on property funding and management operations, with a strategic emphasis on capital-light models. The company operates through its subsidiary, FSU Capital Pty Ltd, which has been actively involved in originating and executing institutional-grade property funding mandates. In the recent quarter, Group One Capital Limited reported significant progress, including a $600,000 fee income from a structured finance facility and a second facility settlement, with expectations of earning a minimum of $16 million in gross fees. The company also strengthened its governance with new board appointments and a comprehensive governance refresh, aiming to enhance investor confidence.

Group One Capital Affirms Commitment to Corporate Governance Standards
Oct 30, 2025

Group One Capital Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in management and oversight practices. This announcement underscores the company’s dedication to maintaining robust governance structures, potentially strengthening its position in the market and reassuring stakeholders of its compliance with industry standards.

Director Increases Stake in Group One Capital
Oct 20, 2025

Group One Capital Limited has announced a change in the indirect interest of its director, Malcolm Cory. The director acquired 80,000 ordinary shares through an on-market trade, increasing his total holdings to 11,364,961 shares. This transaction, valued at $6,926, reflects a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future performance.

Director Increases Stake in Group One Capital Limited
Oct 20, 2025

Group One Capital Limited has announced a change in the interests of its director, Malcolm Cory, in the company’s securities. The director acquired an additional 81,049 ordinary shares through an on-market trade, increasing his total holdings to 11,284,961 shares. This change reflects a strategic move by the director to strengthen his position within the company, potentially signaling confidence in the company’s future performance.

Group One Capital Announces AGM Details
Oct 17, 2025

Group One Capital Limited (ASX:G1C) has announced its Annual General Meeting (AGM) scheduled for November 18, 2025, at Hall Chadwick Chartered Accountants & Business Advisors in Brisbane, Queensland. The AGM documents, including the Notice of Annual General Meeting and Explanatory Statement, are available on the ASX market announcements platform and will be dispatched to shareholders. This meeting will provide shareholders with the opportunity to participate and discuss the company’s performance and future strategies.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 10, 2026