Can GenusPlus Sustain Growth Amid Ambitious $10B Project Pipeline?
GenusPlus Group has reported a landmark FY2025 with record revenue and profits, driven by strong growth in renewable energy infrastructure and transmission projects. The company’s robust orderbook and strategic acquisitions set the stage for continued expansion in FY2026.
- FY2025 revenue up 36% to $751 million
- NPAT soars 84% to $35.4 million
- Strong cash position with $161 million year-end balance
- Major contracts secured in renewable transmission and battery storage
- Board welcomes renewable energy expert Tony Narvaez
Record Financial Performance
GenusPlus Group has delivered an exceptional financial year in 2025, posting revenue of $751 million, a 36% increase over the prior year. Net profit after tax surged 84% to $35.4 million, while EBITDA rose 49% to $67.4 million. These results underscore the company’s successful execution across its diversified infrastructure, energy, and services segments.
The company’s cash reserves also strengthened significantly, with a year-end cash position of $161 million, up nearly 60%, and net cash increasing 47% to $113.5 million. This robust balance sheet provides GenusPlus with the flexibility to invest in growth opportunities and return value to shareholders, as reflected in the increased fully franked dividend of 3.6 cents per share.
Strategic Growth in Renewable Infrastructure
GenusPlus’s momentum is fuelled by its expanding footprint in renewable energy infrastructure. The East Coast operations now contribute 42% of group revenue, a figure expected to exceed 50% in FY2026. The company has secured major contracts including the $270 million Clean Energy Link North Project with Western Power, a $140 million upgrade with Ausgrid, and a $130 million network upgrade for nbn® Australia in Western Australia.
Additionally, GenusPlus is actively involved in battery energy storage projects such as the Merredin and Reeves Plains sites, supporting Australia’s transition to cleaner energy. The company’s pipeline includes significant transmission projects worth approximately $10 billion, including the Gippsland Offshore Wind Transmission Project and the New England Renewable Energy Zone.
Board and Leadership Enhancements
The Board welcomed Tony Narvaez, an expert in renewable energy and infrastructure, whose appointment aligns with GenusPlus’s strategic priorities. His extensive experience is expected to bolster the company’s governance and long-term value creation. Meanwhile, the re-election of Chairman Simon High was overwhelmingly supported by shareholders, reflecting confidence in the company’s leadership.
Outlook and Market Positioning
Looking ahead, GenusPlus is tracking towards the upper end of its guidance for FY2026, targeting 20-25% EBITDA growth. With a record orderbook of $2 billion excluding recurring revenue and a recurring revenue base growing 39% to $311 million, the company is well positioned to capitalise on the accelerating energy transition and infrastructure demand across Australia.
Strategic acquisitions such as Partum Engineering and MGC have enhanced GenusPlus’s capabilities in energy engineering and rail infrastructure, respectively, supporting its ambition to deliver integrated, coast-to-coast infrastructure solutions.
Safety remains a priority, with ongoing improvements reflected in a Total Recordable Injury Frequency Rate of 3.1, alongside investments in workforce development including apprentices and graduates.
Bottom Line?
GenusPlus’s record year and strategic positioning signal a strong growth trajectory amid Australia’s energy transition, but execution on its ambitious pipeline will be key to sustaining momentum.
Questions in the middle?
- How will GenusPlus manage integration risks from recent acquisitions?
- What are the margins and timelines on the $10 billion transmission project pipeline?
- How might evolving energy policies impact GenusPlus’s project opportunities and profitability?
