GenusPlus Surges with $751M Revenue and $2B Orderbook, Eyes 25% EBITDA Growth
GenusPlus Group Ltd has delivered record FY2025 financial results, driven by strong contract wins and strategic acquisitions, positioning itself as a key player in Australia’s energy transition. The company forecasts robust earnings growth for FY2026 backed by a $2 billion orderbook.
- Record FY2025 revenue of $751.3 million, up 36%
- Normalised EBITDA climbs 49% to $67.4 million
- Statutory NPAT soars 84% to $35.4 million
- Orderbook expands fourfold to $2 billion
- FY2026 EBITDA growth forecast between 20-25%
A Year of Exceptional Growth
GenusPlus Group Ltd has reported a landmark financial year for FY2025, posting record revenue of $751.3 million, a 36% increase on the prior corresponding period. This surge was accompanied by a 49% rise in normalised EBITDA to $67.4 million and an 84% jump in statutory net profit after tax (NPAT) to $35.4 million. The company’s earnings per share nearly doubled, reflecting strong operational leverage and effective cost management.
Driving this performance was a combination of organic growth and strategic acquisitions, with revenues from acquisitions contributing $90.8 million and EBITDA $7.9 million. GenusPlus also strengthened its balance sheet, ending the year with a robust cash balance of $160.8 million and net cash of $113 million, underscoring its financial flexibility.
Segment Highlights and Market Positioning
The company’s three core segments, Infrastructure, Energy & Engineering, and Services, each delivered strong growth. Infrastructure revenue rose 30% to $415.6 million, bolstered by major contracts such as the North-West Transmission Developments with TasNetworks and renewable energy zone projects with AusGrid and Western Power. The acquisition of MGC Solutions expanded GenusPlus’s footprint into the rail sector, adding asset-critical services aligned with its infrastructure expertise.
Energy & Engineering, formerly Industrial Services, saw a remarkable 54% revenue increase to $234.5 million and a 144% jump in EBITDA to $19.9 million. This segment capitalised on the booming renewable energy market, securing contracts for battery energy storage systems (BESS) with Atmos Renewables and Alinta Energy, and integrating acquisitions like Partum Engineering and CommTel Network Solutions to broaden its service offering.
The Services segment, which includes communications infrastructure, grew revenue by 38% to $123.2 million and tripled its EBITDA to $15.3 million. Key wins include a $130 million contract with nbnCo to upgrade Western Australia’s Fibre to the Node network, supported by acquisitions of Geographe Tree Services and Classic Tree Services, enhancing its environmental services capabilities.
Capitalising on the Energy Transition
GenusPlus is strategically positioned to benefit from Australia’s accelerating energy transition. The company’s orderbook quadrupled from $0.5 billion to $2 billion within a year, reflecting strong demand for infrastructure upgrades, renewable energy projects, and communications network expansions. Recurring revenue streams also grew 39% to $311 million, with a forecasted 20% increase in FY2026.
Management highlighted ongoing opportunities in transmission projects, battery storage, and telecommunications infrastructure, supported by long-term contracts with key utilities such as Western Power, Energy Queensland, and nbnCo. The company is also advancing its Climate Transition Plan, aiming to align with regulatory requirements and sustainability goals by FY2026.
Outlook and Strategic Focus
Looking ahead, GenusPlus forecasts 20-25% growth in normalised EBITDA for FY2026, underpinned by a strong tender pipeline valued at $2.4 billion. The company plans to continue exploring mergers and acquisitions to expand geographically and diversify service offerings, reinforcing its position as a nationally scaled contractor.
With a focus on delivering lifecycle solutions across infrastructure, energy, and communications sectors, GenusPlus is well placed to navigate the evolving market dynamics driven by decarbonisation and digital transformation.
Bottom Line?
GenusPlus’s record FY2025 and robust orderbook set the stage for continued growth amid Australia’s energy transition, but integration of acquisitions and execution risks remain key watchpoints.
Questions in the middle?
- How will GenusPlus manage integration risks from multiple recent acquisitions?
- What impact will evolving regulatory and sustainability requirements have on project pipelines?
- Can the company sustain its rapid EBITDA growth amid competitive pressures and market volatility?
