Raptis Group Ltd. (G1C) AI Stock Analysis

• Market Cap: AU$33.51M
• Dividend Yield: N/A
• Average Volume (3M): 119.34K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 2.72
• Revenue Growth: 39.63%
• EPS Growth: 183.33%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): <0.01
• Shares Outstanding: 352,684,840
• 10 Day Avg. Volume: 93,505
• 30 Day Avg. Volume: 119,342
• PEG Ratio: 0.24
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 16.16
• P/FCF Ratio: 41.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: AU$0.10 ▲(47.14% Upside)
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

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 and stronger equity base

Zero reported debt across 2023–2025 and a materially larger equity base reduce refinancing and interest-rate risk while preserving financial flexibility. This conservative capital structure supports durable operations, capacity to fund opportunistic investments, and resilience across economic cycles.

Recent revenue growth and material margin improvement

A meaningful uptick in top-line and a large jump in net margin indicate the business delivered better operating outcomes in 2025. If sustained, higher revenue and converted profitability improve cash generation potential and support reinvestment or balance-sheet strengthening over the medium term.

Stable gross margins indicating pricing/asset-mix resilience

Consistent gross margins in the high-40% range suggest underlying pricing power or stable asset economics. Margin stability at the gross level provides a durable buffer for profitability even when operating expenses vary, supporting longer-term margin sustainability.

Negative Factors

Highly volatile earnings and reliance on one-offs

Significant swings in reported earnings and episodes of divergent operating vs net results point to non-operating items or one-offs driving profitability. That reduces predictability of recurring earnings, complicates forecasting, and weakens confidence in sustained operating performance.

Inconsistent cash generation history

Past negative operating cash flows and large free-cash-flow swings indicate the firm has not reliably converted profits into cash. This inconsistency risks reliance on non-operating proceeds or balance-sheet moves to fund operations, reducing the durability of internal funding for growth or distributions.

Uneven returns on equity and shareholder returns

Variable ROE and episodic higher returns in earlier years signal inconsistent capital efficiency. When returns on equity fluctuate, compounding shareholder value becomes less reliable and investors face uncertainty about the company's ability to consistently generate attractive returns from its capital base.

Raptis Group Ltd. Business Overview & Revenue Model

Company Description

Group 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 Money

Raptis 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.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.33M	626.92K	534.66K	502.44K	117.54K	416.01K
Gross Profit	875.23K	296.82K	259.53K	250.73K	72.55K	213.90K
EBITDA	600.99K	169.58K	81.41K	147.08K	-246.66K	116.09K
Net Income	609.11K	309.51K	117.34K	354.17K	96.10K	531.49K
Balance Sheet
Total Assets	5.96M	5.49M	3.27M	3.15M	2.90M	2.67M
Cash, Cash Equivalents and Short-Term Investments	2.50M	1.98M	256.14K	260.46K	238.31K	2.67M
Total Debt	0.00	0.00	0.00	0.00	28.68K	0.00
Total Liabilities	65.55K	62.52K	53.72K	48.75K	155.05K	17.50K
Stockholders Equity	5.89M	5.42M	3.22M	3.10M	2.75M	2.65M
Cash Flow
Free Cash Flow	685.01K	245.48K	-4.31K	50.83K	-432.23K	-33.51K
Operating Cash Flow	685.01K	245.48K	95.68K	50.83K	-347.69K	-33.51K
Investing Cash Flow	-2.42M	-417.61K	-100.00K	0.00	-2.08M	6.47M
Financing Cash Flow	1.92M	1.90M	0.00	-28.68K	0.00	-4.23M

Raptis Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Raptis Group Ltd. Corporate Events

Group One Capital Delivers Profitable Half-Year as Structured Funding Pipeline Grows

Group One Capital Limited reported a strong half-year performance to 31 December 2025, with revenue of $986,182 up 246% on the prior corresponding period and unaudited net profit after tax rising 236% to $426,781, underpinned by stable management rights income and surging fee-based earnings. The company has now arranged more than $240 million in structured funding facilities through FSU Capital, including a recently settled mixed-use development in Canberra, and expects to realise approximately $22–$24 million in contracted structured fee income over the next 18 months, while a refreshed board and upgraded IT and governance systems aim to support disciplined, capital-light growth and a stronger pipeline of property funding opportunities.

The most recent analyst rating on (AU:G1C) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Raptis Group Ltd. stock, see the AU:G1C Stock Forecast page.

Group One Capital Reports Director’s Interest Change

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

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

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

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

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

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

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

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

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.