• Record revenue of $535.4 million, up 61%
• Record normalised EBITDA of $46.3 million, up 69%
• Record NPAT of $24.9 million, up 82%

GenusPlus Group Ltd (ASX: GNP), a national essential power and communications infrastructure provider, has reported exceptional financial results for the first half of FY2026. The company achieved record revenue of $535.4 million, up 61% from $332.9 million in the prior corresponding period (PCP). Normalised EBITDA also reached a record $46.3 million, a 69% increase from $27.4 million in the PCP. Net profit after tax (NPAT) grew by an impressive 82% to $24.9 million, up from $13.7 million in the PCP. The company maintained a strong liquidity position, with a cash balance of $178.1 million and net cash of $127.0 million. GenusPlus' orderbook reached a record $2.4 billion, excluding recurring revenue, and the company expects recurring revenue to grow by 20% in FY2026 from $311 million in FY2025. The company's growth strategy, which has focused on expanding its east coast presence and diversifying its capabilities, has been successful, with the east coast contributing 36% of the group's revenue in the first half of FY2026. GenusPlus is well-positioned to participate in the significant opportunities presented by the transition of Australia's energy network from traditional sources to renewable energy, with a strong tendered pipeline of $2.6 billion.

GenusPlus is re-iterating previous guidance of circa 35% growth in EBITDA in FY2026.

The company expects to see continued growth from its east coast operations and increase in services revenue in FY2026. Recurring revenue is forecast to be circa 20% higher in FY2026, up from $311 million in FY2025. The transition of Australia's energy network to renewable sources presents significant opportunities for GenusPlus, and the company is well-positioned to participate in this thematic.