GenusPlus Group Surges 84% in Profit, Boosts Dividend Amid Renewable Energy Boom
GenusPlus Group Ltd has reported a robust 36% increase in revenue and an 84% surge in net profit for FY2025, driven by strategic acquisitions and growth in the renewable energy sector. The company also declared a higher fully franked dividend, reflecting confidence in its expanding infrastructure footprint.
- Revenue climbs 36.3% to $751.3 million
- Profit after tax soars 83.6% to $35.4 million
- Final fully franked dividend raised to 3.6 cents per share
- Five strategic acquisitions expand geographic and service capabilities
- Strong cash position with net cash increasing to $77.3 million
Robust Financial Performance
GenusPlus Group Ltd (ASX, GNP) has delivered a standout financial performance for the year ended 30 June 2025, with revenue reaching $751.3 million, a 36.3% increase over the prior year. Net profit after tax surged 83.6% to $35.4 million, underscoring the company’s successful execution of its growth strategy amid favourable market conditions.
The company’s earnings growth was supported by increased activity across all three operating segments; infrastructure, services, and energy & engineering; highlighting the diversified nature of its business model. Normalised EBITDA rose by nearly 49% to $67.4 million, reflecting operational efficiency and scale benefits.
Strategic Acquisitions and Geographic Expansion
During FY2025, GenusPlus completed five acquisitions, including Commtel Network Solutions Pty Ltd and Partum Engineering Pty Ltd, which have broadened its capabilities in communications engineering and consulting services. The acquisitions also enhanced the Group’s presence in key Australian markets, particularly on the east coast, which now accounts for 42% of total revenue, up from 35% in FY2024.
These moves align with GenusPlus’ strategy to capitalize on the substantial infrastructure investments underway in renewable energy and transmission networks across Australia. The company’s expanded service offerings now include rail infrastructure and vegetation management, positioning it as a comprehensive provider in the power and communications sectors.
Strong Balance Sheet and Dividend Growth
GenusPlus strengthened its financial position with cash and cash equivalents increasing to $160.8 million, and net cash rising to $77.3 million, providing a solid foundation for future growth and investment. The company declared a final fully franked dividend of 3.6 cents per share, up from 2.5 cents in the prior year, signaling confidence in sustained earnings momentum and cash flow generation.
The dividend payment, totaling approximately $6.5 million, will be made on 31 October 2025, with a record date of 1 October 2025. The franking credit balance remains healthy, supporting ongoing shareholder returns.
Outlook and Risk Management
Looking ahead, GenusPlus expects to maintain strong growth driven by a robust pipeline of renewable energy and transmission projects, particularly on the east coast. The company is well positioned to benefit from the transition to a low-carbon economy, with a diversified portfolio spanning government utilities and private sector clients.
Comprehensive risk management frameworks are in place to address market competition, project delivery challenges, financial risks, and regulatory compliance. The company continues to invest in technology, staff training, and strategic acquisitions to mitigate risks and capitalize on emerging opportunities.
Auditor Grant Thornton Audit Pty Ltd issued an unqualified opinion on the financial statements, confirming the integrity of the reported results.
Bottom Line?
GenusPlus’ strong FY2025 results and strategic acquisitions set the stage for continued growth amid Australia’s energy transition, but execution risks remain in a competitive market.
Questions in the middle?
- How will GenusPlus integrate its recent acquisitions to maximize synergies and profitability?
- What impact will evolving renewable energy policies have on the Group’s project pipeline and margins?
- How might rising input costs and labour market pressures affect future project delivery and earnings?
