GENUSPLUS GROUP LIMITED (GNP)
Share Price Analysis and Chart

26/08/2026

1

Buy

$12.80

49.36%

Bell Potter maintains its Buy recommendation for GenusPlus Group with its target price unchanged at $12.80 following an FY26 financial result featuring underlying EBITDA of $101m, which grew 50% YoY and printed 4% ahead of the broker's estimates and above the top end of guidance.

Operational performance was supported by revenue of $1,281m, up 71% YoY, across all three operating segments, alongside an underlying NPAT of $54.9m which was up 45% YoY.

FY27-FY29 EPS forecasts are adjusted to reflect lower MPC Kinetic EBIT estimates, lower Infrastructure EBITDA margin expectations, and higher interest assumptions, resulting in a -10% reduction in FY27 EPS and a 2% upgrade in FY29.

The analyst highlights that the company enters FY27 with a materially higher tender pipeline of $3.6bn and a robust net cash position of $380m, providing an attractive platform to support a potential multiple re-rate towards 20x to 22x.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 6.60 cents and EPS of 48.70 cents.
Bell Potter forecasts a full year FY28 dividend of 7.00 cents and EPS of 55.50 cents.

27/08/2026

1

Buy

$11.48

33.96%

Moelis maintains its Buy rating for GenusPlus Group with its target price increased to $11.48 following an FY26 financial result featuring normalised EBITDA of $100.8m up 50% year-on-year and underlying NPATA of $54.7m up 49% year-on-year, beating consensus expectations.

Operational performance was supported by strong top line growth across all divisions alongside an expanded order book of $2.2bn and an increased tendered pipeline reaching $3.6bn.

FY27-FY29 EPS forecasts are upgraded by 3%-4% to reflect initial FY27 EBITDA guidance of $200m to $205m and a rising recurring revenue profile expected to reach $764m.

The analyst highlights that recurring revenue expansion, transmission pipeline conversions, and ongoing segment margin improvements provide a robust platform for sustained medium-term earnings growth.

FORECAST
Moelis forecasts a full year FY27 dividend of 9.20 cents and EPS of 45.90 cents.
Moelis forecasts a full year FY28 dividend of 9.70 cents and EPS of 48.50 cents.