GenusPlus hits record H1 profit with 82% NPAT surge

GenusPlus Group (ASX:GNP), a provider of national essential power and communications infrastructure, has delivered a standout financial performance for the first half of the 2026 fiscal year.

The company reported record-breaking figures across all key financial metrics, driven by a robust demand for infrastructure services.

The group’s revenue went up to $535.4 million, representing an 61% increase compared to the $332.9 million recorded in the prior corresponding period.

Profitability followed a similar upward trajectory; Normalised EBITDA rose 69% to $46.3 million, while net profit after tax saw an 82% jump, reaching $24.9 million.

The gains translated into a basic earnings per share of 13.8 cents, an 80% increase a year earlier.

GenusPlus declared a maiden interim dividend of 2 cents per share, payable on April 24, 2026.

Operational momentum remains high, with a record order book valued at $2.4 billion and a tendered pipeline of $2.6 billion.

Recurring revenue is forecasted to grow by 20% throughout the remainder of FY26.

The company maintains a healthy balance sheet, reporting a cash balance of $178.1 million and a net cash position of $127 million, up from $113.5 million in June 2025.

At the time of reporting, GenusPlus Group’s share price was $7.40.