GenusPlus Group Ltd. (AU:GNP)
ASX:GNP
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GenusPlus Group Ltd.
(Sydney:GNP)
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Rating:76Outperform
Price Target:
AU$8.50
â–²(10.39% Upside)
Action:ReiteratedDate:02/23/26
The score is driven primarily by strong financial performance (growth, profitability improvement, prudent leverage, and robust cash generation) and supportive technical trends. This is partially offset by a relatively expensive valuation (high P/E and low yield). Earnings call insights reinforce the positive outlook via record results and a large pipeline, tempered by margin and project-timing risks.
Positive Factors
Strong revenue growth and improving profitability
Consistent top‑line growth and materially higher gross margins point to durable operating strength from integrated project and services mix. Improved EBIT/EBITDA and net margins indicate better cost control and pricing power, supporting sustainable earnings capacity over the medium term.
Negative Factors
Modest infrastructure margins on large projects
Low single‑digit EBIT on major infrastructure work reduces profit leverage and leaves limited buffer for cost overruns or adverse supply inflation. Persistent modest margins mean growth in scale may not translate proportionally to net earnings without sustained margin improvement or higher‑margin work mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and improving profitability
Consistent top‑line growth and materially higher gross margins point to durable operating strength from integrated project and services mix. Improved EBIT/EBITDA and net margins indicate better cost control and pricing power, supporting sustainable earnings capacity over the medium term.
Read all positive factors
GenusPlus Group Ltd. (GNP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.36B
Dividend Yield0.57%
Average Volume (3M)266.49K
Price to Earnings (P/E)11.4
Beta (1Y)1.20
Revenue Growth36.30%
EPS Growth82.20%
CountryAU
Employees1,059
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.14
Shares Outstanding181,525,630
10 Day Avg. Volume234,978
30 Day Avg. Volume266,494
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)4.58
Price to Sales (P/S)0.97
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.50Price Target Upside23.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.28
Revenue Forecast (FY)AU$1.09B
GenusPlus Group Ltd. Business Overview & Revenue Model
Company Description
GenusPlus Group Limited engages in the installation, construction, and maintenance of power and communication systems in Australia. The company operates through three segments: Power Services, Telecommunications, and Industrial Services. It offers...
How the Company Makes Money
GenusPlus Group Ltd. generates revenue through multiple streams, primarily derived from service contracts in engineering and project management within the energy and resources sectors. Key revenue streams include project-based work, ongoing mainte...
GenusPlus Group Ltd. Earnings Call Summary
Earnings Call Date:Feb 22, 2026
(Q2-2026)
| Next Earnings Date:Sep 02, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture: record revenue (+60% y/y), record EBITDA and NPAT, strong cash generation and conversion, a deep tender pipeline (~$2.6bn) and major contract wins including a $1.6bn JV. Segment performance shows solid growth and successful integration of acquisitions, and the services business has returned to sustained profitability. Key risks and weaknesses highlighted include modest infrastructure margins (5.2%), safety metrics above target, legacy acquisition/legal costs, skills/apprentice shortfalls, and timing uncertainty for some large project revenues. Overall, the positive growth, cash strength, and pipeline substantially outweigh the negatives.Positive Updates
Record Group Financials
Revenue of $535 million (record), up 60% on the prior corresponding period; record EBITDA of $46.3 million; record statutory NPAT of $24.9 million; strong operating cash flow of $91 million and cash conversion of 199%.
Negative Updates
Margins Under Pressure on Large Infrastructure Projects
Infrastructure EBIT margin at 5.2% (despite 54% EBIT growth) with management indicating room for margin improvement; large projects targeted around 5% EBIT and other infrastructure nearer 8% — margins remain modest relative to scale.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Group Financials
Revenue of $535 million (record), up 60% on the prior corresponding period; record EBITDA of $46.3 million; record statutory NPAT of $24.9 million; strong operating cash flow of $91 million and cash conversion of 199%.
Read all positive updates
Company Guidance
Management guided that after a record HY26 result — revenue $535m (up 60% on PCP), EBITDA $46.3m and statutory NPAT $24.9m — the business enters FY26 with a $2.6bn tendered pipeline and growing order book, $178m cash (net cash $127m with $22m restricted), a $429m syndicated facility providing ~$278m headroom at December, and a fully‑franked interim dividend of $0.02; segment metrics include Infrastructure revenue $345m (5.2% EBIT; Genus target 4–8% EBIT and c.5%+ on large projects), Energy & Engineering revenue $151m (EBITDA $10.9m) and Services delivering EBITDA margins in the teens. Cash flow was strong at $91m (199% cash conversion), YTD CapEx $34m with guidance of $40–45m for the year, acquisition amortisation $1.1m, injury rate 3.5 (target <3), and management said major construction volumes are more likely to contribute in FY27 while remaining active on M&A.GenusPlus Group Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 953.81M | 751.27M | 551.19M | 444.18M | 451.15M | 318.21M |
| Gross Profit | 379.98M | 578.05M | 400.06M | 43.54M | 311.85M | 221.55M |
| EBITDA | 79.88M | 56.98M | 43.11M | 32.50M | 32.54M | 27.28M |
| Net Income | 46.55M | 35.37M | 19.26M | 13.41M | 13.56M | 13.35M |
Balance Sheet | ||||||
| Total Assets | 585.86M | 470.97M | 288.15M | 227.42M | 231.98M | 155.56M |
| Cash, Cash Equivalents and Short-Term Investments | 200.55M | 94.32M | 100.97M | 46.74M | 27.88M | 34.18M |
| Total Debt | 105.14M | 51.74M | 29.25M | 27.73M | 27.17M | 19.88M |
| Total Liabilities | 404.49M | 311.19M | 166.98M | 122.44M | 138.56M | 97.85M |
| Stockholders Equity | 181.37M | 159.78M | 121.17M | 104.98M | 93.42M | 57.71M |
Cash Flow | ||||||
| Free Cash Flow | 151.93M | 107.82M | 68.90M | 32.09M | 6.60M | -4.30M |
| Operating Cash Flow | 170.04M | 120.93M | 82.84M | 37.79M | 11.47M | 6.99M |
| Investing Cash Flow | -60.74M | -46.36M | -15.82M | -7.31M | -24.25M | -12.42M |
| Financing Cash Flow | -21.92M | -14.72M | -12.79M | -11.48M | 6.33M | -189.08K |
GenusPlus Group Ltd. Technical Analysis
Positive
7.70
Price Trends
7.47
Positive
6.93
Positive
5.94
Positive
Market Momentum
0.08
Positive
51.83
Neutral
29.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNP, the sentiment is Positive. The current price of 7.7 is below the 20-day moving average (MA) of 7.80, above the 50-day MA of 7.47, and above the 200-day MA of 5.94, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 29.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GNP.
GenusPlus Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.36B | 11.36 | 25.18% | 0.57% | 36.30% | 82.20% | |
69 Neutral | AU$759.34M | ― | 8.35% | 4.17% | -21.57% | -34.09% | |
66 Neutral | AU$1.59B | 17.28 | 13.62% | 1.85% | 23.76% | 21.18% | |
65 Neutral | AU$650.42M | 10.83 | 42.55% | 5.24% | 12.96% | 8.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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GenusPlus Group Ltd. Corporate Events
GenusPlus Group Declares Interim Dividend of AUD 0.02 Per Share
Feb 22, 2026
GenusPlus Group Ltd. has declared a fully paid dividend of AUD 0.02 per ordinary share for the six-month period ended 31 December 2025, with an ex-dividend date of 31 March 2026 and a record date of 1 April 2026. The payment is scheduled for 24 Ap...
GenusPlus Delivers Record Half-Year Profit on Surging Grid and Renewables Work
Feb 22, 2026
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 mil...
GenusPlus Profit and Revenue Surge on Energy Infrastructure Growth
Feb 22, 2026
GenusPlus Group reported a strong first half for the 2025 financial year, with total revenue from ordinary activities rising 61% to $535.4 million compared with the prior corresponding period. Normalised profit after tax increased 66% to $24.9 mil...
GenusPlus Lifts FY2026 Earnings Guidance on Strong Segment Performance
Jan 22, 2026
GenusPlus Group Ltd has upgraded its earnings guidance for FY2026, forecasting normalised EBITDA growth of about 35% compared with the prior year’s $67.4 million, following stronger-than-expected unaudited results in its Energy Engineering ...
GenusPlus Issues New Unquoted Performance Rights Under Employee Incentive Scheme
Dec 24, 2025
GenusPlus Group Ltd has issued 396,721 new unquoted performance rights under its employee incentive scheme, with an expiry date of 1 July 2029. The move underscores the company’s continued use of equity-based incentives to align employees...
GenusPlus Grants 396,721 Performance Rights Under Long-Term Incentive Plan
Dec 24, 2025
GenusPlus Group Ltd has issued 396,721 performance rights to key management personnel and employees under its Employee Securities Incentive Plan, reinforcing its use of equity-linked incentives to align staff rewards with long-term shareholder out...
GenusPlus Seeks ASX Quotation for New Employee Incentive Shares
Dec 23, 2025
GenusPlus Group Ltd has applied to the ASX for quotation of 62,240 new fully paid ordinary shares under its employee incentive scheme. The newly issued securities are not subject to transfer restrictions, indicating the company is continuing to us...
GenusPlus Secures A$429m Syndicated Facility to Fuel Growth
Dec 19, 2025
GenusPlus Group Ltd has secured a new A$429 million secured revolving syndicated facility with Commonwealth Bank of Australia, HSBC and National Australia Bank, replacing its previous A$147 million club facility. The three-year multi-option facili...
GenusPlus to Begin Construction on $140M Renewable Energy Project
Dec 17, 2025
GenusPlus Group Ltd has confirmed the commencement of construction for the Hunter-Central Coast Renewable Energy Zone sub-transmission line works, following the execution of a Project Deed with Ausgrid and the Energy Corporation of New South Wales...
GenusPlus Secures Major Contract for Western Renewables Link Project
Dec 12, 2025
GenusPlus Group Ltd, in partnership with ACCIONA, has been awarded a significant contract by AusNet to construct the Western Renewables Link in Victoria, valued at approximately AUD$1.6 billion. This project, which aims to enhance Victoria’s...
GenusPlus Group Announces Director’s Interest Change
Dec 1, 2025
GenusPlus Group Ltd. has announced a change in the director’s interest notice involving David William Riches. The change involves the acquisition of 357,277 fully paid ordinary shares valued at $1,800,000 as contingent consideration for the ...
GenusPlus Releases Shares from Escrow Post-Acquisition
Dec 1, 2025
GenusPlus Group Ltd announced the release of 2,460,937 fully paid ordinary shares from voluntary escrow, linked to its acquisition of Partum Engineering Pty Ltd. This release signifies a strategic move following the acquisition, with 357,277 share...
GenusPlus Group Ltd Announces Quotation of New Securities on ASX
Dec 1, 2025
GenusPlus Group Ltd has announced the quotation of 357,277 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of a previously announced transaction, potentially enhancing the compan...
GenusPlus Group Ltd Appoints New Director with No Current Securities Interests
Nov 25, 2025
GenusPlus Group Ltd has announced the appointment of Tony Narvaez as a director, effective from November 21, 2025. The Initial Director’s Interest Notice reveals that Tony Narvaez currently holds no relevant interests in securities, either a...
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.