GenusPlus Surges with Record $751M Revenue and $2B Orderbook
GenusPlus Group has delivered a standout FY2025 with record revenue and profits, underpinned by strategic acquisitions and a booming renewable energy pipeline.
- Revenue up 36% to $751 million
- Normalised EBITDA rises 49% to $67.4 million
- Net profit after tax soars 84% to $35.4 million
- Record $2 billion orderbook and $2.4 billion tender pipeline
- Dividend increased 44% to 3.6 cents per share fully franked
Record Financial Performance
GenusPlus Group Ltd (ASX, GNP), a key player in Australia's power and communications infrastructure sector, has reported a landmark financial year for FY2025. The company posted revenue of $751 million, a robust 36% increase over the previous year’s $551 million. Normalised EBITDA climbed 49% to $67.4 million, while net profit after tax (NPAT) surged 84% to $35.4 million. These figures reflect not only organic growth but also the successful integration of recent acquisitions.
Strategic Acquisitions Fuel Expansion
GenusPlus has strategically expanded its footprint through acquisitions including CommTel Network Solutions, Partum Engineering, Geographe Tree Services, Classic Tree Services, and MGC. These moves have broadened the company’s service offerings across communications, vegetation management, and rail sectors, enhancing its engineering and design capabilities. The acquisition of MGC notably marks GenusPlus’s entry into the rail sector, complementing its existing power infrastructure expertise.
Strong Cash Position and Dividend Growth
The company’s liquidity remains strong with a cash balance of $161 million, up from $101 million the prior year, and net cash increasing to $113.5 million. This financial strength has supported $27.7 million in cash-funded acquisitions and underpins a 44% increase in the fully franked dividend to 3.6 cents per share. Basic earnings per share rose 82.2%, reflecting the company’s improved profitability and operational efficiency.
Robust Orderbook and Growth Outlook
GenusPlus’s orderbook has reached a record $2 billion, with a tender pipeline of $2.4 billion, driven by significant renewable energy and infrastructure projects such as the Ausgrid Hunter-Central Coast Renewable Energy Zone and Western Power’s Clean Energy Link North. The company forecasts EBITDA growth of 20-25% in FY2026, supported by expanding east coast operations and increasing recurring revenue streams, which grew to $311 million in FY2025.
Positioned for Australia’s Energy Transition
As Australia accelerates its shift from coal to renewable energy, GenusPlus is well positioned to capitalize on the substantial investment required in transmission and distribution networks. The company’s expertise in battery energy storage systems and solar farms aligns with national decarbonisation goals, offering a strategic advantage in a market undergoing transformative change.
Bottom Line?
With a record orderbook and strong cash flow, GenusPlus is poised for continued growth amid Australia’s energy transition.
Questions in the middle?
- How will GenusPlus integrate its recent acquisitions to sustain growth?
- What risks could impact the delivery of its $2 billion orderbook?
- How will rising capital expenditure affect future profitability?
