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GENUSPLUS GROUP LTD — Interim / Quarterly Report 2026
Feb 22, 2026
65005_rns_2026-02-22_fa8d0fd5-11c5-47e7-b35b-cf948b8e6886.pdf
Interim / Quarterly Report
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Appendix 4D
Preliminary financial statements for the half-year ended 31 December 2025 as required by ASX listing rule 4.2A
| Results for announcement to the market | Movement | ||
|---|---|---|---|
| (All comparison to half-year ended 31 December 2024) | $ | Up/down | % |
| Total revenue from ordinary activities | 535,416,624 | Up | 61% |
| Normalised Profit from ordinary activities after tax1 | 24,892,639 | Up | 66% |
| Net Profit attributable to members | 24,877,106 | Up | 82% |
1 – Normalisations excluded from the calculation of profit after tax for the half-year and the prior half-year relate to costs associated with:
-
Acquisition legal & advisory costs during the period $388,866 (HY25 - $604,141); and
-
Net proceeds/(costs) from ECM claim $373,333 (HY25 – ($247,813))
| Amount per | Total | ||
|---|---|---|---|
| Dividend information | share | Franked(1) | amount $ |
| Final dividend paid on 1 November 2025 (prior year)1 | 3.6 cents | 100% | $ 6,514,917 |
| Interim dividend declared2 | 2.0 cents | 100% | $ 3,630,513 |
(1) Dividends were fully franked at 30% tax rate and paid to all holders with a record date of 1 October 2025.
(2) The Board has resolved to pay a full franked dividend (at a 30% tax rate) in respect of the half-year ended 31 December 2025.
Details of dividend reinvestment plan:
Not applicable.
Details of associates and joint venture entities:
Acciona Genus Joint Venture, Humelink East Transmission Project – 25% interest
Acciona Genus Joint Venture, Western Renewables Link Project – 25% interest
Samsung Genus Joint Venture, Melbourne Renewable Energy Hub – 30% interest
Audit:
The independent auditor’s review report is attached to the Financial Report. The independent auditor’s review report does not contain any modified opinion, emphasis of matter or other matter paragraph.
| 31 Dec | 31 Dec | ||
|---|---|---|---|
| 2025 | 30 June 2025 | 2024 | |
| $ | $ | $ | |
| Net tangible assets per security | 0.49 | 0.46 | 0.50 |
Additional information supporting the Appendix 4D disclosure requirements can be found in the Directors’ Report and the interim consolidated financial statements for the half-year ended 31 December 2025.
This report is based on the consolidated financial statements for the half-year ended 31 December 2025 which have been reviewed by Grant Thornton Audit Pty Ltd. A copy of Grant Thornton Audit Pty Ltd’s unqualified review report can be found on page 31.
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Interim Financial Report
GenusPlus Group Ltd and controlled entities For the half-year ended 31 December 2025
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Contents
| Section | Page |
|---|---|
| Directors’ Report | 4 |
| Auditor’s Independence Declaration | 7 |
| Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 8 |
| Condensed Consolidated Statement of Financial Position | 9 |
| Condensed Consolidated Statement of Changes in Equity | 10 |
| Condensed Consolidated Statement of Cash Flows | 11 |
| Notes to the Condensed Consolidated Financial Statements | 12 |
| Directors’ Declaration | 30 |
| Independent Auditor’s Report | 31 |
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Directors’ Report
The Directors of GenusPlus Group Ltd present their report together with the financial statements of the Consolidated Entity, being GenusPlus Group Ltd and its controlled entities (the Group) for the half-year ended 31 December 2025. In order to comply with the provisions of the Corporations Act 2001 , the directors report as follows:
Directors’ details
The names and details of the Company’s directors in office during the financial half-year and until the date of this report are set out below. Directors of GenusPlus Group Ltd were in office for the entire period unless otherwise stated.
Non-executive Directors Mr Simon High Mr Paul Gavazzi Mr José Martins Mr Tony Narvaez (appointed 21 November 2025) Executive Directors Mr David Riches
Principal activities
The principal activities of the Group during the financial half-year were the engineering, installation, construction and maintenance of infrastructure operating across Australia.
Genus is a specialist infrastructure and services provider. With years of practical experience, we design, build and maintain electrical transmission and distribution networks, substations, rail, rail signalling, battery systems whilst also specialising in delivering integrated, efficient and scalable communication network solutions, including network design, and fixed and wireless infrastructure supported by real time network management expertise and capability.
We enable customers to integrate new generation technology into traditional networks and support emerging networking solutions, meeting the demands of a carbon neutral economy.
There have been no significant changes in the nature of these activities during the half-year.
Review of operations and financial results
Operating results for the period
The Group reported a record breaking half year achieving growth across all segments of the business with a consolidated 60.8% increase in revenue to $535,416,624 (HY25: $332,874,405). The profit of the Group for the financial half-year after providing for income tax increased by 81.6% to $24,877,106 (HY25: $13,701,137).
The Group reported a 69.1% increase in normalised EBITDA (earnings before interest, tax, depreciation and amortisation) to $46,287,725 (HY25: $27,364,918). Normalisations for HY25 are Acquisition costs and of $555,523 (after tax $388,866) and revenue from ECM claims of $533,333 (after tax ($373,333)).
The results reflect a combination of improved performance and integration of acquisitions completed in FY2025. All business segments delivered higher revenues and improved earnings. Continuing a period of sustained organic growth and a number of acquisitions during FY2025, the tailwinds for the Group are significant as Australia transitions to new clean energy generation, which requires significant investment in the transmission network across the country. Genus is well placed to participate in the delivery of the infrastructure required across Australia.
The Group’s net assets increased by 13.5% compared to the year ended 30 June 2025, which is due to an increase in retained earnings after allowing for the dividend declared and paid during the half.
Infrastructure
The Group is positioned to benefit from Australia’s energy transformation. The demand generated by the Rewiring the Nation Program, along with our successful track record in delivering renewable energy projects, places us in a favourable position for the foreseeable future. We have witnessed Genus being awarded key infrastructure contracts and are confident that our
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
industry standing will enable abundant opportunities in the years to come. The integration of the rail business into infrastructure is exceeding expectations as we seek to expand our rail capabilities across Australia.
Energy & Engineering
The Energy & Engineering segment has grown revenue on projects across Australia and provided a better than expected result in the first half of FY2026. It continues to gain traction in the new energy industry with a focus on the BESS market, with three BESS projects currently in construction. The integration of the Partum and CommTel acquisitions continues to progress and the Energy & Engineering segment now provides the Group with inhouse engineering capability which improves customer outcomes and constructability across the Genus team. Energy & Engineering is expanding on the current market offering of BESS to include Electrical and Instrumentation (E&I), Wind and Solar EPC Projects.
Services
The Services segment has provided a better than expected contribution to the Group in the first half of FY2026. Pole Inspections and Maintenance has performed strongly. The environmental/tree maintenance acquisitions during FY2025 have performed to expectations. The foundations are in place to pursue growth opportunities from a more diversified industry and customer base.
Orderbook & Pipeline
The Group continues to achieve significant growth in its business underpinned by existing contracted work, recurring revenue from regular clients, and anticipated revenue from its existing tender pipeline of works.
Revenue from recurring works including long term customer/panel revenue and revenue from long term supply & maintenance contracts, and the current outstanding orderbook for FY2026 has grown and the platform is there for the Group to sustain continued growth.
In addition to the tendered pipeline there are further significant budgets and opportunities in progress. Work on initial budgets for clients, which are not yet at formal tender stage, is common in our industry and helps provide Genus with insights into the long term requirements for its services.
Genus is seeing the pipeline for the transition of the Australian transmission network grow substantially. In addition to the major investment in the transmission network and battery storage around Australia, Genus is well positioned to construct connections to the new transmission network from new energy power sources and renewable energy zones.
Investments for future performance
The Group invested $34.4 million in capital expenditure (net of disposal proceeds) during the half-year, compared to $17.2 million for the previous comparable period. Of the capital expenditure $22.0 million (HY25: $9.1 million) was acquired under finance contract agreements and is considered Right-of-Use assets.
GenusPlus continues to invest in the renewal and growth of its equipment and fleet to meet the ongoing needs of our customers. Growth capital expenditure has increased in preparation for construction to commence on significant projects being Transgrid’s HumeLink, TasNetworks NWTD, Western Power’s CELN and Western Renewable Link projects.
The Group is focused on growing in the east coast market which is dependent on the Group’s ability to continue to grow new operations, deliver under its contracts and execute its growth strategy.
Significant changes in the state of affairs
There were no significant changes to the state of affairs during the half-year.
Dividends
On 31 October 2025, the dividend in respect of the year ended 30 June 2025 of 3.6 cents per share fully franked for a total of $ 6,514,917 was paid to all shareholders at the record date of 1 October 2025.
The Board resolved to declare a maiden interim dividend in respect of the half year ended 31 December 2025 of 2.0 cents per share fully franked (31 December 2024: Nil) for a total approximately $3.6 million (31 December 2024: Nil). The ex-Dividend Date for this dividend will be 31 March 2026, the Record Date is 1 April 2026 and the Payment Date will be 24 April 2026.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Auditor’s Independence Declaration
A copy of the Auditor’s Independence Declaration as required under section 307C of the Corporations Act 2001 is set out on page 7 and forms part of this Directors’ Report.
Signed in accordance with a resolution of the Board of Directors made pursuant to s.306(3) of the Corporations Act 2001 .
On behalf of the Directors
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David Riches – Director Perth, 23 February 2026
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Grant Thornton Audit Pty Ltd Level 43 Central Park 152-158 St Georges Terrace Perth WA 6000 PO Box 7757 Cloisters Square Perth WA 6850 T +61 8 9480 2000
Auditor’s Independence Declaration
To the Directors of GenusPlus Group Ltd
In accordance with the requirements of section 307C of the Corporations Act 2001 , as lead auditor for the review of GenusPlus Group Ltd for the half-year ended 31 December 2025. I declare that, to the best of my knowledge and belief, there have been:
a no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and
b no contraventions of any applicable code of professional conduct in relation to the review.
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GRANT THORNTON AUDIT PTY LTD Chartered Accountants
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B P Steedman
Partner – Audit & Assurance
Perth, 23 February 2026
grantthornton.com.au
ACN-130 913 594
Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389. Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Limited is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389 and its Australian subsidiaries and related entities. Liability limited by a scheme approved under Professional Standards Legislation.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the half-year ended 31 December 2025
| Revenue Other income Expenses Employee benefits Raw material and consumable expenses Contractors and labour hire expenses Motor vehicle expenses Depreciation and amortisation expense Other expenses Operating profit Finance income Other losses Finance costs Profit before income tax Income tax expense Profit after income tax for the half-year Other comprehensive income Exchange differences on monetary items denominated in foreign currencies (net of tax) Total comprehensive income for the half-year Attributable to Owners of the company Earnings per share - Basic earnings per share (cents) - Diluted earnings per share (cents) |
Notes | 6 months to 31 Dec 2025 6 months to 31 Dec 2024 $ $ |
|---|---|---|
| 5 6 8 8 |
535,416,624 332,874,405 372,953 345,267 (189,710,655) (103,670,951) (124,953,796) (67,105,709) (143,894,478) (115,811,549) (17,028,120) (11,130,586) (9,155,524) (6,718,785) (13,936,993) (9,192,290) |
|
| 37,110,011 19,589,802 2,594,289 1,793,075 (564,392) (160,747) (2,677,047) (1,132,486) |
||
| 36,462,861 20,089,644 (11,585,755) (6,388,507) |
||
| 24,877,106 13,701,137 |
||
| 71 - |
||
| 24,877,177 13,701,137 |
||
| 24,877,177 13,701,137 |
||
| 13.84 7.69 |
||
| 13.58 7.56 |
This statement should be read in conjunction with the notes to the financial statements.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Condensed Consolidated Statement of Financial Position
As at 31 December 2025
| Current assets Cash and cash equivalents Restricted cash Restricted term deposit Trade and other receivables Contract assets Inventories Current tax assets Other financial assets Other assets Total current assets Non-current assets Other financial assets Property, plant and equipment Right-of-use assets Intangible assets Total non-current assets Total assets Current liabilities Trade and other payables Contract liabilities Financial liabilities Lease liabilities Current tax liabilities Employee benefits Provisions Total current liabilities Non-current liabilities Financial liabilities Lease liabilities Deferred tax liabilities Employee benefits Provisions Total non-current liabilities Total liabilities Net assets Equity Issued capital Reserves Retained earnings Total equity |
Notes | 31 Dec 2025 30 Jun 2025 $ $ |
|---|---|---|
| 9 10 11 13 14 11 12 15 11 12 15 16 17 |
119,016,060 94,273,008 59,033,995 66,503,109 22,500,000 - 84,077,069 76,882,220 76,595,039 60,387,694 2,443,908 3,292,292 9,506,642 - - 116,175 14,119,440 11,420,811 |
|
| 387,292,153 312,875,310 |
||
| 650,370 650,371 58,320,902 49,682,577 62,575,871 34,317,167 77,020,465 78,113,798 |
||
| 198,567,608 162,763,913 |
||
| 585,859,761 475,639,222 |
||
| 148,328,746 106,179,796 130,751,315 103,061,535 2,106,572 2,859,234 19,836,004 15,132,429 - 7,457,093 27,681,468 20,968,467 4,981,677 11,271,064 |
||
| 333,685,782 266,929,617 |
||
| 7,155,000 7,207,766 38,019,226 26,539,853 22,421,864 12,122,108 1,497,847 3,015,892 1,707,378 44,917 |
||
| 70,801,315 48,930,536 |
||
| 404,487,097 315,860,153 |
||
| 181,372,664 159,779,069 |
||
| 64,632,956 61,545,803 2,236,585 2,092,403 114,503,123 96,140,863 |
||
| 181,372,664 159,779,069 |
This statement should be read in conjunction with the notes to the financial statements.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Condensed Consolidated Statement of Changes in Equity
For the half-year ended 31 December 2025
| Balance at 1 July 2024 Profit for the half-year Other comprehensive income Total comprehensive income for the year Transactions with owners in their capacity as owners: • Dividends paid • Issue of ordinary shares as part of a business combination • LTI performance rights Sub-total Balance at 31 December 2024 Balance at 1 July 2025 Profit for the half-year Other comprehensive income Total comprehensive income for the year Transactions with owners in their capacity as owners: • Dividends paid • Share issue costs • LTI performance rights • LTI Rights exercised • Issue of ordinary shares • Issue of ordinary shares related to business combinations Sub-total Balance at 31 December 2025 |
Notes | Share capital Retained earnings Shared based payment reserve Total $ $ $ $ |
|---|---|---|
| 17 17 |
55,265,025 65,214,753 482,773 120,962,551 |
|
| - 13,701,137 13,701,137 - - - |
||
| - 13,701,137 13,701,137 - (4,443,121) (4,443,121) 6,300,000 6,300,000 - - 724,159 724,159 |
||
| 6,300,000 9,258,016 724,159 16,282,175 |
||
| 61,565,025 74,472,769 1,206,932 137,244,726 |
||
| 61,545,803 96,140,863 2,092,403 159,779,069 - 24,877,177 - 24,877,177 - - - - |
||
| - 24,877,177 - 24,877,177 - (6,514,917) - (6,514,917) (26,057) - - (26,057) - - 1,069,014 1,069,014 924,832 - (924,832) - 388,378 - - 388,378 1,800,000 - - 1,800,000 |
||
| 3,087,153 18,362,260 144,182 21,593,595 |
||
| 64,632,956 114,503,123 2,236,585 181,372,664 |
This statement should be read in conjunction with the notes to the financial statements.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Condensed Consolidated Statement of Cash Flows
For the half-year ended 31 December 2025
| Operating activities Receipts from customers Payments to suppliers and employees Income tax paid Net cash provided by operating activities Investing activities Proceeds from sale of property, plant and equipment Purchase of property, plant, equipment Purchase of other financial assets1 Acquisition of subsidiaries (net of cash) Net cash used in investing activities Financing activities Repayments of borrowings Receipts of sublease instalments Payment of lease liabilities principal Dividends paid Interest received Finance costs Net cash used in financing activities Net change in cash and cash equivalents held Cash and cash equivalents at beginning of financial year Effect of exchange rate fluctuations on cash held Cash and cash equivalents at end of financial half-year2 |
Notes | 6 months to 31 Dec 2025 6 months to 31 Dec 2024 $ $ |
|---|---|---|
578,236,661 361,759,102 (486,290,952) (326,211,954) (18,249,734) (11,041,556) |
||
| 73,695,975 24,505,592 |
||
| 614,082 521,796 (13,129,298) (8,138,612) (22,500,000) - (2,782,012) (15,800,000) |
||
| (37,797,228) (23,416,816) |
||
| (847,247) (790,000) 157,220 161,702 (11,336,925) (7,767,901) (6,515,099) (4,443,122) 2,594,289 1,793,073 (2,677,047) (1,132,486) |
||
| (18,624,809) (12,178,734) |
||
| 17,273,938 (11,089,958) 160,776,117 100,966,681 - - |
||
| 178,050,055 89,876,723 |
1) The purchase of other financial assets consists of the purchase of short-term term deposits used for cash management in the joint arrangement.
2) Cash and cash equivalents includes restricted cash, which are advanced payments received in the joint arrangements. This cash is designated as restricted as it is governed by the rules of the joint arrangement.
This statement should be read in conjunction with the notes to the financial statements.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Notes to the Condensed Consolidated Financial Statements
1 Nature of operations
GenusPlus Group Ltd and its subsidiaries’ (the Group) principal activities include the construction and maintenance of transmission and distribution power lines and substations servicing the Western Australian, Queensland, New South Wales, Tasmanian and Victorian power networks as well as providing specialist Engineering, testing and commissioning services to the electrical and communications industries across Australia.
The principal activities of GenusPlus Group Ltd and its subsidiaries’ (the Group) during the financial half-year were the engineering, installation, construction and maintenance of infrastructure operating across Australia.
The Group is a specialist infrastructure and services provider. The Group designs, builds and maintains electrical transmission and distribution networks, substations, rail, rail signalling, battery systems whilst also specialising in delivering integrated, efficient and scalable communication network solutions, including network design, and fixed and wireless infrastructure supported by real time network management expertise and capability.
The Group enables customers to integrate new generation technology into traditional networks and support emerging networking solutions, meeting the demands of a carbon neutral economy.
There have been no significant changes in the nature of these activities during the half-year.
2 General information and statement of compliance
These condensed interim general purpose financial statements for the half-year reporting period ended 31 December 2025 have been prepared in accordance with Australian Accounting Standard AASB 134 ' Interim Financial Reporting ' and the Corporations Act 2001 , as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 ' Interim Financial Reporting '.
These general purpose financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for the year ended 30 June 2025 and any public announcements made by the company during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001 .
The principal accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, unless otherwise stated.
3 Changes in accounting policies
3.1 New standards adopted by the Group
The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period.
3.2 New standards not yet adopted by the Group
Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
4 Segment Reporting
Management currently identifies the Group’s three business lines as its operating segments: infrastructure, services, and energy & engineering. The Group’s Chief Operating Decision Maker (CODM) is its managing director, who monitors the performance of these operating segments as well as deciding on the allocation of resources to them. Segment performance is monitored using adjusted segment operating results. Each of these operating segments is managed separately as each requires different technologies, marketing approaches and other resources. All inter-segment transfers are carried out at arm’s length prices based on prices charged to unrelated customers in stand-alone sales of identical goods and services. The segments and their comparatives have been adjusted to align with management’s reporting. A brief description of each segment is detailed below:
Infrastructure - industry-leading expertise and sector experience, delivering comprehensive services across the entire infrastructure lifecycle. From planning, design, and construction to testing, maintenance, and decommissioning, Infrastructure provides reliable, future-ready solutions tailored to the evolving needs of infrastructure networks.
Services constructs communication networks, provides asset management on utilities and upgrades to existing power infrastructure. Services solutions span the asset lifecycle; from feasibility, engineering, design, site acquisition, logistics, procurement, construction, and integration to vegetation management, operations and maintenance.
Energy and Engineering - Deliver end-to-end Engineering, Procurement, and Construction (EPC) solutions, offering a comprehensive range of in-house design capabilities across communications and energy assets. Our expertise spans from concept and design through to construction and commissioning—ensuring seamless integration, efficiency, and quality in every phase.
The revenues and profit generated by each of the Group’s operating segments and segment assets and liabilities are summarised as follows:
| Revenues Inter-segment Segment revenues Employee benefits Raw material and consumable expenses Contractors and labour hire expenses Motor vehicle expenses Depreciation and amortisation expense Other expenses Other income Group operating profit |
Half-Year to 31 December 2025 Infrastructure Services Energy and engineering Total segments Corporate and other Total $ $ $ $ $ $ |
|---|---|
| 340,551,406 70,484,740 123,847,145 534,883,291 533,333 535,416,624 5,199,504 407,739 27,611,110 33,218,353 (33,218,353) - |
|
| 345,750,910 70,892,479 151,458,255 568,101,644 (32,685,020) 535,416,624 (106,760,999) (20,810,907) (53,765,222) (181,337,128) (8,373,527) (189,710,655) (80,576,271) (9,929,919) (62,686,630) (153,192,820) 28,239,024 (124,953,796) (108,523,923) (23,615,354) (16,544,965) (148,684,242) 4,789,764 (143,894,478) (14,339,604) (2,234,248) (694,830) (17,268,682) 240,562 (17,028,120) (5,633,986) (1,790,732) (551,886) (7,976,604) (1,178,920) (9,155,524) (11,946,553) (3,406,015) (6,866,664) (22,219,232) 8,282,239 (13,936,993) - - - - 372,953 372,953 |
|
| 17,969,574 9,105,304 10,348,058 37,422,936 (312,925) 37,110,011 |
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
| Assets Liabilities Revenues Inter-segment Segment revenues Employee benefits Raw material and consumable expenses Contractors and labour hire expenses Motor vehicle expenses Depreciation and amortisation expense Other expenses Other income Group operating profit |
Segment assets and liabilities as at 31 December 2025 Infrastructure Services Energy and engineering Total segments Corporate and other Total $ $ $ $ $ $ 358,906,333 60,476,850 134,244,504 553,627,687 32,232,074 585,859,761 263,162,648 36,834,467 107,678,752 407,675,867 (3,188,770) 404,487,097 Half-Year to 31 December 2024 Infrastructure Services Energy and engineering Total segments Corporate and other Total $ $ $ $ $ $ |
|---|---|
| 176,487,104 63,736,316 92,650,985 332,874,405 - 332,874,405 6,389,457 - 721,486 7,110,943 (7,110,943) - |
|
| 182,876,561 63,736,316 93,372,471 339,985,348 (7,110,943) 332,874,405 (63,217,264) (13,093,809) (20,567,172) (96,878,245) (6,792,706) (103,670,951) (40,404,631) (5,246,094) (23,138,569) (68,789,294) 1,683,585 (67,105,709) (45,576,460) (34,779,026) (40,767,964) (121,123,450) 5,311,901 (115,811,549) (9,697,578) (790,050) (591,172) (11,078,800) (51,786) (11,130,586) (3,857,094) (1,793,381) (189,114) (5,839,589) (879,196) (6,718,785) (8,467,429) (2,171,184) (2,572,282) (13,210,895) 4,018,605 (9,192,290) - - - - 345,267 345,267 |
|
| 11,656,105 5,862,772 5,546,198 23,065,076 (3,475,274) 19,589,802 |
| Segment assets and liabilities as at 31 December 2024 | Segment assets and liabilities as at 31 December 2024 | |||||
|---|---|---|---|---|---|---|
| Infrastructure | Services | Energy and engineering |
Total segments | Corporate and other | Total | |
| $ | $ | $ | $ | $ | $ | |
| Assets | 309,674,472 | 55,050,941 | 95,986,969 |
460,712,382 | 14,926,840 | 475,639,222 |
| Liabilities | 191,462,198 | 36,489,834 | 71,860,697 |
299,812,729 | 16,047,424 | 315,860,153 |
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GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
4 Segment reporting (continued)
The totals presented for the Group’s operating segments reconcile to the key financial figures as presented in its consolidated financial statements as follows:
| Revenues Total reportable segment revenues Group Revenues Profit or loss Total reportable segment operating profit Other income Unallocated (including net corporate overheads) Group operating profit Finance costs Other losses Finance income Group profit before tax Reconciliation of segment assets and liabilities to consolidated assets and liabilities Assets Total reportable segment assets Other segment assets Elimination of inter-segment assets Group assets Liabilities Total reportable segment liabilities Other segment liabilities Elimination of intersegment liabilities Group liabilities |
Note | 31 Dec 2025 31 Dec 2024 $ $ |
|---|---|---|
| 535,416,624 332,874,405 |
||
| 535,416,624 332,874,405 37,422,936 23,065,076 372,953 345,267 (685,878) (3,820,541) |
||
| 37,110,011 19,589,802 |
||
| (2,677,047) (1,132,486) (564,392) (160,747) 2,594,289 1,793,075 |
||
| 36,462,861 20,089,644 |
||
| 31 Dec 2025 $ 30 June 2025 $ 553,627,687 460,712,382 106,900,691 77,991,044 (74,668,617) (63,064,204) |
||
| 585,859,761 475,639,222 |
||
| 407,675,867 299,812,729 (25,295,682) (26,008,918) 22,106,912 42,056,342 |
||
| 404,487,097 315,860,153 |
15
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
5 Revenue
The Group’s revenue disaggregated by type is as follows:
| Construction Services The Group’s revenue disaggregated by pattern of reve Products and services transferred over time Products and services transferred at a point in time Contract balances Trade receivables Contract assets |
31 Dec 2025 31 Dec 2024 $ $ 395,219,791 213,003,965 140,196,833 119,870,440 535,416,624 332,874,405 nue recognition is as follows: Construction Services Note 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 $ $ $ $ 395,219,791 213,003,965 140,196,833 119,854,794 - - - 15,646 395,219,791 213,003,965 140,196,833 119,870,440 Note 31 Dec 2025 30 Jun 2025 $ $ 80,517,108 75,661,699 9 76,595,039 60,387,694 157,112,147 136,049,393 |
31 Dec 2025 31 Dec 2024 $ $ 395,219,791 213,003,965 140,196,833 119,870,440 535,416,624 332,874,405 nue recognition is as follows: Construction Services Note 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 $ $ $ $ 395,219,791 213,003,965 140,196,833 119,854,794 - - - 15,646 395,219,791 213,003,965 140,196,833 119,870,440 Note 31 Dec 2025 30 Jun 2025 $ $ 80,517,108 75,661,699 9 76,595,039 60,387,694 157,112,147 136,049,393 |
31 Dec 2025 31 Dec 2024 $ $ 395,219,791 213,003,965 140,196,833 119,870,440 535,416,624 332,874,405 nue recognition is as follows: Construction Services Note 31 Dec 2025 31 Dec 2024 31 Dec 2025 31 Dec 2024 $ $ $ $ 395,219,791 213,003,965 140,196,833 119,854,794 - - - 15,646 395,219,791 213,003,965 140,196,833 119,870,440 Note 31 Dec 2025 30 Jun 2025 $ $ 80,517,108 75,661,699 9 76,595,039 60,387,694 157,112,147 136,049,393 |
31 Dec 2025 31 Dec 2024 $ $ |
|---|---|---|---|---|
| 395,219,791 213,003,965 140,196,833 119,870,440 |
||||
| 535,416,624 332,874,405 |
||||
| 395,219,791 - |
||||
| 395,219,791 | ||||
| Note | ||||
| 9 | 80,517,108 75,661,699 76,595,039 60,387,694 |
|||
| 157,112,147 136,049,393 |
Trade receivables are non-interest bearing and are generally on 30 to 90 day terms. At 31 December 2025 $2,599,361 (30 June 2025: $2,180,581) was recognised as provision for expected credit losses on trade receivables.
6 Other expenses
| Legal & professional fees Insurance Telecommunications Travel and accommodation Lease expenses Fees & charges Computer expenses Other general and administrative expenses Total general and administrative expenses |
31 Dec 2025 31 Dec 2024 $ $ |
|---|---|
| 2,718,230 2,491,267 3,406,332 2,993,630 1,894,457 1,071,577 1,399,076 716,944 1,573,989 626,965 929,137 485,538 371,238 242,613 1,644,534 563,756 |
|
| 13,936,993 9,192,290 |
16
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
7 Joint arrangements
Details of material joint arrangements
Cash held at any joint arrangements is held as restricted cash on the basis that it’s not freely available to the group as per the terms of the agreement.
Details of each of the Group’s material joint arrangements at the end of the reporting period are as follows:
| Name of joint arrangement Principal activity Place of incorporation |
Proportion of ownership interest held by the Group |
|---|---|
| Acciona Genus Joint Arrangement The engineering, procurement, construction and commissioning of a high- voltage electricity transmission line and associated infrastructure ACA Central, NSW Samsung Genus Joint Arrangement Design and build of a battery energy storage system Melbourne, VIC |
2026 2025 |
| 25% 25% 30% 30% |
Acciona Genus Joint Arrangement
During FY24, the Group entered into a joint arrangement with Acciona Construction Pty Ltd for the construction of the HumeLink East project in New South Wales. The Group holds 25% ownership of the joint arrangement. The parties to the contract have agreed to establish an unincorporated and fully integrated joint venture. Each party may contract jointly and severally with the client for performance of the works.
The legal form of the joint arrangement and terms of the contract satisfies the requirements of AASB 11 Joint Arrangements (para14-15). The parties would be considered joint operators, and the joint arrangement would be considered a joint operation for the purposes of the standard. Accordingly, all accounting should be undertaken per the requirements of AASB11, on a proportionate basis by each of the parties to the joint arrangement.
The Group’s interest in Acciona Genus Joint Arrangement is accounted for using the proportional consolidation method in the consolidated financial statements.
No dividends were received from Acciona Genus Joint Arrangement during the year ended 31 December 2025.
Samsung Genus Joint Arrangement
During FY24, the Group entered into a joint arrangement with Samsung C&T Corporation for the construction of the Melbourne Renewable Energy Hub – Stage 1A project located in Plumpton Victoria. The Group holds 30% ownership of the joint arrangement. The parties to the contract have agreed to establish an unincorporated and fully integrated joint venture. Each party may contract jointly and severally with the client for performance of the works.
The legal form of the joint arrangement and terms of the contract satisfies the requirements of AASB11 (para14-15). The parties would be considered joint operators, and the joint arrangement would be considered a joint operation for the purposes of the standard. Accordingly, all accounting should be undertaken per the requirements of AASB11, on a proportionate basis by each of the parties to the joint arrangement.
The Group’s interest in Samsung Genus Joint Arrangement is accounted for using the proportional consolidation method in the consolidated financial statements.
No dividends were received from Samsung Genus Joint Arrangement during the year ended 31 December 2025.
17
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
8 Earnings per share
Both the basic and diluted earnings per share have been calculated using the profit attributable to shareholders of the parent company (GenusPlus Group Ltd) as the numerator, i.e. no adjustments to profits were necessary during the half-year ended 31 December 2024 and 31 December 2025.
| Profit for the period | 31 Dec 2025 31 Dec 2024 $ $ |
|---|---|
| 24,877,106 13,701,137 |
The weighted average number of shares for the purpose of calculation of diluted earnings per share can be reconciled to the weighted average number of ordinary shares used in the calculation of basic earnings per share as follows:
| Weighted average number of shares used in basic earnings per share Shares deemed to be issued for no consideration Weighted average number of shares used in diluted earnings per share Earnings per share (basic) Earnings per share (diluted) |
31 Dec 2025 31 Dec 2024 No. No. |
|---|---|
| 179,692,457 178,086,064 3,465,944 3,196,462 |
|
| 183,158,401 181,282,526 |
|
| 13.84 7.69 13.58 7.56 |
9 Contract assets
| Current Contract assets Total contract assets |
31 Dec 2025 30 Jun 2025 $ $ |
|---|---|
| 76,595,039 60,387,694 |
|
| 76,595,039 60,387,694 |
Contract assets represents the unbilled amounts expected to be collected from customers for contract work performed to date. The contract assets are transferred to trade receivables when the rights have become unconditional. This usually occurs when the Group issues an invoice in accordance with contractual terms to the customer.
Remaining performance obligations
The remaining performance obligations balances for both 31 December 2025 and 30 June 2025 presented above relate to the revenue expected to be recognised from ongoing construction type contracts which were not wholly performed at each of those dates.
18
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
10 Other assets
| Current Prepayments Security deposits Total other assets |
31 Dec 2025 30 Jun 2025 $ $ |
|---|---|
| 13,388,157 10,839,754 731,283 581,057 |
|
| 14,119,440 11,420,811 |
On an annual basis, the Group undertakes a risk assessment and re-insurance against material risks identified and for assets held by the Group. This assessment is generally completed prior to the conclusion of the financial reporting period, with new policies in place at the reporting date which cover the following year. Pre-paid insurance at 31 December 2025, covers the period to April 2026.
11 Financial assets and liabilities
Categories of financial assets and liabilities
The carrying amounts of financial assets and financial liabilities in each category are as follows:
| 31 December 2025 Financial assets Cash and cash equivalents Restricted cash Term deposits Trade and other receivables Current finance lease receivable Listed equity securities (a) Non-current other financial assets (a) Total financial assets |
Note | Amortised cost Fair value through profit or loss Total $ $ $ |
|---|---|---|
| 119,016,060 - 119,016,060 59,033,995 - 59,033,995 22,500,000 - 22,500,000 84,026,661 - 84,026,661 - - - - 645,400 645,400 4,970 - 4,970 |
||
| 284,581,686 645,400 285,227,086 |
(a) Non-current financial assets comprises loans to associates, listed equity securities and non-current finance lease receivables valued at $650,370.
| 31 December 2025 Financial liabilities Bank borrowings Contingent consideration Leases Trade and other payables Non-current - bank borrowings Non-current - leases Non-current contingent consideration Total financial liabilities |
Note | Other liabilities amortised cost Other liabilities fair value through profit or loss Total $ $ $ |
|---|---|---|
| 12 12 |
2,279,234 - 2,279,234 - 2,539,055 2,539,055 19,836,004 - 19,836,004 148,328,746 - 148,328,746 7,155,000 - 7,155,000 38,019,226 - 38,019,226 - 4,150,000 4,150,000 |
|
| 215,618,210 6,689,055 222,307,265 |
19
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
11 Financial assets and liabilities (continued)
| 30 June 2025 Financial assets Cash and cash equivalents Restricted cash Trade and other receivables Current finance lease receivable Listed equity securities (a) Non-current other financial assets (a) Total financial assets |
Note | Amortised cost Fair value through profit or loss Total $ $ $ |
|---|---|---|
| 94,273,008 - 94,273,008 66,503,109 66,503,109 76,882,220 - 76,882,220 116,175 - 116,175 - 645,400 645,400 4,970 - 4,970 |
||
| 237,779,483 645,400 238,424,883 |
(b) Non-current financial assets comprises loans to associates, listed equity securities and non-current finance lease receivables valued at $650,370.
| 30 June 2025 Financial liabilities Bank borrowings Contingent consideration Leases Trade and other payables Non-current - bank borrowings Non-current - leases Non-current contingent consideration Total financial liabilities |
Note | Other liabilities amortised cost Other liabilities fair value through profit or loss Total $ $ $ |
|---|---|---|
| 12 12 |
2,859,234 - 2,859,234 - 7,121,064 7,121,064 15,132,429 - 15,132,429 106,179,796 - 106,179,796 7,207,766 - 7,207,766 26,539,853 - 26,539,853 - 4,150,000 4,150,000 |
|
| 158,437,250 11,271,064 169,190,142 |
12 Lease liabilities
Lease liabilities are presented in the statement of financial position as follows:
| Current Non-current Total leases |
Note | 31 Dec 2025 30 Jun 2025 $ $ |
|---|---|---|
| 19,836,004 15,132,429 38,019,226 26,539,853 |
||
| 57,855,230 41,672,282 |
Group as a lessee
The Group has lease contracts for land and buildings and for various items of plant and equipment and motor vehicles used in its operations. Leases of plant and equipment and motor vehicles generally have lease terms between 3 and 5 years after which ownership of the underlying asset passes to the Group. Leases over land and buildings have lease terms of between 1 and 5 years. The Groups obligations under its leases are secured by the lessor title to the leased assets. Generally, the Group is restricted from assigning and subleasing the leased assets.
20
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
12 Lease liabilities (continued)
The Group also has certain leases of office equipment with low value. The Group applies the ‘short-term lease’ and ‘lease of low-value assets’ recognition exemptions for these leases.
Set out below are the carrying amounts of right-of-use assets and the movement during the period:
| Right-of-use assets – Land and Buildings As at 1 July Additions Business combinations Adjustments related to changes in lease conditions1 Depreciation expense As at 31 December 25 (30 June 25) Right-of-use assets – Plant and Equipment As at 1 July Additions Business combinations Re-classification to property, plant & equipment Depreciation expense De-recognised during the period2 As at 31 December 25 (30 June 25) |
Note | 31 Dec 2025 30 Jun 2025 $ $ |
|---|---|---|
| 4,098,832 4,853,118 11,775,805 445,175 2,723,063 - (1,481,459) 932,924 (1,387,623) (2,132,385) |
||
| 15,728,618 4,098,832 |
||
| 8,960,901 7,910,262 8,457,445 2,395,309 (2,723,063) 2,723,063 (11,776) (2,680,839) (1,416,745) (1,356,894) - (30,000) |
||
| 13,266,762 8,960,901 |
1 Increase resulting from a change in the monthly lease payable to the owner 2 Leases surrendered during the period.
21
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
12 Lease liabilities (continued)
| 12 Lease liabilities (continued) | ||
|---|---|---|
| Right-of-use asset – Motor Vehicles As at 1 July Additions Disposals Re-classification from property, plant & equipment Depreciation expense De-recognised during the period2 As at 31 December 25 (30 June 25) Total Right-Of-Use Assets 1. Increase resulting from a change in the monthly lease payable to the owner 2. Leases surrendered during the period. |
Note | 31 Dec 2025 30 Jun 2025 $ $ |
| 21,257,434 15,879,239 13,544,619 7,737,052 (130,342) (212,778) 1,010,339 569,202 (2,101,559) (2,704,666) - (10,615) |
||
| 33,580,491 21,257,434 |
||
| 62,575,871 34,317,167 |
||
The following are the amounts recognised in profit or loss:
| Depreciation of right-of-use assets Interest expense on right-of-use asset lease liabilities Expense relating to short-term leases |
Note | 31 Dec 2025 31 Dec 2024 $ $ |
|---|---|---|
| 4,769,957 3,457,951 970,087 665,525 1,832,741 5,774,994 |
||
| 7,572,785 9,898,470 |
The group had total cash outflows for leases of $11,336,925 for the half-year to 31 December 2025 (2024 - HY: $7,767,901). The Group also had non-cash additions to right-of-use assets and lease liabilities of $ 33,777,869 for the half-year to 31 December 2025 (2024 - HY: $9,162,584).
22
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
13 Intangible assets
The movements in the net carrying amount of intangible assets is as follows:
| Goodwill Balance at cost 1 July Acquired through business combination Carrying amount at end of reporting period Intellectual Property Balance at cost 1 July Accumulated amortisation Carrying amount at end of reporting period Customer contracts Balance at cost 1 July Acquired through business combination Cost closing balance Accumulated amortisation Carrying amount at end of reporting period Total intangible assets |
31 Dec 2025 30 Jun 2025 $ $ |
|---|---|
| 63,914,908 22,774,555 - 41,140,353 |
|
| 63,914,908 63,914,908 |
|
| 7,320,821 7,320,821 (4,974,415) (4,706,390) |
|
| 2,346,406 2,614,431 |
|
| 17,007,447 9,004,000 - 8,003,447 |
|
| 17,007,447 17,007,447 (6,248,296) (5,422,985) |
|
| 10,759,151 11,584,462 |
|
| 77,020,465 78,113,798 |
No adjustments to Goodwill were recognised during the reporting period.
14 Contract liabilities
| Short-term advances for construction services | 31 Dec 2025 30 Jun 2025 $ $ |
|---|---|
| 130,751,315 99,075,816 |
|
| 130,751,315 99,075,816 |
Advances received for construction contract work represent customer payments received in advance of performance (contract liabilities) that are expected to be recognised as revenue in the next financial year. The amounts recognised in respect of construction contracts will generally be utilised within the next reporting period. The balance relating to advances for materials decreased during the period as the related aspects of the contracts were performed. Advances in relation to construction services increased during the period due to the increase in the Group’s customer base, and the prepaid revenue received.
23
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
15 Provisions
| Provision for earn out Other provisions Total provisions Carrying amount as at 1 July Additions through business combinations Earn-out payments Reclassified provision Carrying amount as at 31 December |
Other provisions $ |
31 December 2025 30 June 2025 $ $ |
|---|---|---|
| 6,689,055 11,271,064 - 44,917 |
||
| 6,689,055 11,315,981 |
||
| Provision for earn out Total $ $ |
||
| 44,917 - - (44,917) |
11,271,064 11,315,981 - - (4,582,009) (4,582,009) - (44,917) |
|
| - | 6,689,055 6,689,055 |
The provision for earn-outs is based on the contractual terms of the acquisitions.
16 Share capital
The share capital of the Group consists only of fully paid ordinary shares; the shares do not have a par value. Ordinary shares participate in dividends and the proceeds on winding up of the Group in proportion to the number of shares held.
Fully paid ordinary shares
| ully paid ordinary shares | |
|---|---|
| Beginning of the year Shares issued as part of a business combination1 Exercised performance rights Shares issued to employees Share issue costs Total contributed equity at 30 June |
31 Dec 2025 30 Jun 2025 31 Dec 2025 30 Jun 2025 Shares Shares $ $ |
| 180,185,885 177,724,948 61,545,803 55,265,025 357,277 2,460,937 1,800,000 6,300,000 920,231 - 924,832 - 62,240 - 388,378 - - - (26,057) (19,222) |
|
| 181,525,633 180,185,885 64,632,956 61,545,803 |
-
2,460,937 shares were issued as part consideration for the acquisition of Partum Engineering on 2 December 2024.
-
357,277 shares were issued as part contingent consideration for the acquisition of Partum Engineering on 1 December 2025.
Each share has the same right to receive dividend and the repayment of capital and represents one vote at the Shareholders’ Meeting of GenusPlus Group Ltd.
24
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
17 Reserves
| 17 Reserves | |
|---|---|
| Balance at 1 July 2024 Issue of LTI performance rights Balance at 30 June 2025 Balance at 1 July 2025 Issue of LTI performance rights Exercise of LTI performance rights Balance at 31 December 2025 |
Share Based Payment Reserve $ |
| 482,773 1,609,630 |
|
| 2,092,403 | |
| 2,092,403 1,069,014 (924,832) |
|
| 2,236,585 |
Share Based Payment Reserve
The share-based payment reserve is used to record the long-term incentive share scheme performance rights.
18 Dividends on equity instruments
| Recognised amounts Fully paid ordinary shares Final dividend |
Half-year ended 31 December 2025 Half-year ended 31 December 2024 Cent per share Total $ Cents per share Total $ |
|---|---|
| 3.6 6,514,917 2.5 4,443,124 |
On 27 August 2025, the directors declared a fully franked dividend of 3.6c per share to the holders of fully paid ordinary shares in respect of the financial year ended 30 June 2025. The dividend was paid on 31 October 2025.
19 Related party transactions
The Group’s related parties include its key management personnel, related parties of its key management personnel, and others as described below.
Unless otherwise stated, none of the transactions incorporate special terms and conditions and no guarantees were given or received. Outstanding balances are usually settled in cash.
25
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
19 Related party transactions (continued)
Transactions with related parties
As part of normal business operations, the group utilises associated entities to provide ancillary support services for its operations. A summary of these transactions is included below.
| Services provided by related parties AusCranes WA Pty Ltd Auscivil WA Pty Ltd Dave Riches Pty Ltd DW Riches Pty Ltd & MS Riches Pty Ltd trading as The Muchea Property Edge People Management Matt Riches Pty Ltd & Dave Riches Pty Ltd Pastoral Plus Riches Estates Pty Ltd Scott Mundi Pty Ltd atf SM Unit Trust Wanneroo Crane Hire Services provided to related parties Maddington Property Partnership All services were contracted at arms’ length basis. Amounts due to related parties at reporting date Aus Cranes WA Pty Ltd Auscivil WA Pty Ltd Edge People Management Matt Riches Pty Ltd & Dave Riches Pty Ltd Pastoral Plus Wanneroo Crane Hire Amounts due from related parties at reporting date Maddington Property Partnership |
31 Dec 2025 $ |
31 Dec 2024 $ |
|---|---|---|
| 138,267 917,473 24,523 200,610 59,140 328,522 620,613 5,000 1,345,078 31 Dec 2025 $ |
527,286 977,102 23,976 - 40,600 360,208 588,298 20,000 - 177,709 31 Dec 2024 $ |
|
| 10,803 | 86,465 | |
| 31 Dec 2025 $ |
30 Jun 2025 $ |
|
| - 148,353 16,102 - 40,865 217,706 31 Dec 2025 $ |
32,117 213,116 22,235 29,554 49,033 34,131 30 Jun 2025 $ |
|
| 6,536 | 6,536 |
All amounts outstanding at reporting date were included in accounts payable or accounts receivable, and settled in accordance with commercial terms.
26
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
20 Contingent assets and contingent liabilities
The Group has no contingent assets.
There were no material warranty or legal claims brought against the Group during the year. Unless recognised as a provision, management considers these claims to be unjustified and the probability that they will require settlement at the Group’s expense to be remote.
Further information on these contingencies is omitted so as not to prejudice the Group’s position in the related disputes.
| urther information on these contingencies is omitted so as not to prejudice the Group’s | position in the related disputes. |
|---|---|
| Estimates of the potential financial effect of contingent liabilities that may become payable: Secured guarantee to company's bankers supported by a floating charge over the Group assets Surety bonds secured by the Group assets |
31 Dec 2025 30 Jun 2025 $ $ |
| 58,037,169 43,497,124 178,391,992 110,536,932 |
|
| 236,429,161 154,034,056 |
The CBA guarantee facility has a limit of $65,000,000 (30 June 2025 - $120,000,000).
The Surety bond facility has a limit of $285,000,000 (30 June 2025 - $140,000,000).
In addition to the above, NAB and HSBC facilities have been added with a limit of $65m and $100m respectively.
21 Acquisitions and disposals
Businesses acquired
During the year ended 30 June 2025, the group completed the acquisitions of Commtel Network Solutions Pty Ltd, Partum Engineering Pty Ltd, Geographe Tree Services Pty Ltd, Arbor West Pty Ltd trading as Classic Tree Services and MGC Solutions Pty Ltd.
In accordance with AASB 3 Business Combinations, the Group applied provisional accounting for the acquisition(s) completed during the 2025 reporting period. The initial accounting for these business combinations was determined provisionally, as permitted under the standard, due to the inherent complexity in identifying and measuring all assets acquired and liabilities assumed.
During the half-year reporting period, the Group finalised the accounting for Commtel Network Solutions Pty Ltd, Partum Engineering Pty Ltd, Geographe Tree Services Pty Ltd and Arbor West Pty Ltd trading as Classic Tree Services. As all of these were within the 12-month measurement period, the adjustments were recognised retrospectively in accordance with AASB 3.
27
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Details of the acquisitions:
Update of provisional accounting
The final accounting adjustments for the 2025 financial year acquisitions had no impact on the profit or loss for the year ended 30 June 2025 or half-year ended 31 December 2025.
Presented below are the provisional accounting figures, a summary of changes and the final accounting figures:
| Consideration transferred / transferrable Assets and liabilities purchased at the date of purchase Goodwill Cash WIP Other current assets Non-current assets Current liabilities Fixed assets Non-current liabilities Intangible assets Total |
Provisional accounting Summary of changes Final accounting $ $ $ |
|---|---|
| 56,064,571 (31,776) 56,032,795 |
|
| $ $ $ |
|
| 34,984,477 6,132,090 41,116,567 4,915,097 (43,042) 4,872,055 5,703,995 - 5,703,995 15,516,301 (1,415,056) 14,101,245 574,915 - 574,915 (18,128,552) (3,307,327) (21,435,879) 11,705,432 (4,063) 11,701,369 (7,210,541) (1,394,378) (8,604,919) 8,003,447 - 8,003,447 |
|
| 56,064,571 (31,776) 56,032,795 |
22 Events after the reporting date
On 20 February 2026, the Directors declared an interim fully franked dividend of 2.0 cents per share with a record date of 1 April 2026 and a payment of 24 April 2026. The total dividend payable is approximately $ 3.6 million.
Other than those mentioned above, no matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.
28
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
23 Group details
The registered office and principal place of business of the Group is:
GenusPlus Group Ltd Level 1, 63 – 69 Abernethy Road Belmont WA 6104
29
GenusPlus Group Ltd and controlled entities Interim Financial Report For the half-year ended 31 December 2025
Directors’ Declaration
In the directors’ opinion:
-
(a) the attached financial statements and notes comply with the Corporations Act 2001 , Australian Accounting Standard AASB 134 'Interim Financial Reporting' , the Corporations Regulations 2001 and other mandatory professional reporting requirements; and
-
(b) the attached financial statements and notes give a true and fair view of the consolidated entity's financial position as at 31 December 2025 and of its performance for the financial half-year ended on that date; and
-
(c) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
Signed in accordance with a resolution of the directors made pursuant to s.303(5) of the Corporations Act 2001.
On behalf of the Directors
==> picture [85 x 25] intentionally omitted <==
David Riches Director
Perth, 23 February 2026
30
==> picture [161 x 31] intentionally omitted <==
Grant Thornton Audit Pty Ltd Level 43 Central Park 152-158 St Georges Terrace Perth WA 6000 PO Box 7757 Cloisters Square Perth WA 6850 T +61 8 9480 2000
Independent Auditor’s Review Report
To the Members of GenusPlus Group Ltd
Report on the half-year financial report
Conclusion
We have reviewed the accompanying half-year financial report of GenusPlus Group Ltd (the Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 31 December 2025, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the half year ended on that date, including material accounting policy information, other selected explanatory notes, and the directors’ declaration.
Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half-year financial report of GenusPlus Group Ltd does not comply with the Corporations Act 2001 including:
- a giving a true and fair view of the Group’s financial position as at 31 December 2025 and of its performance for the half year ended on that date; and
b complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .
Basis for Conclusion
We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity . Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.
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Directors’ responsibility for the half-year financial report
The Directors of the Company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the Directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.
Auditor’s responsibility for the review of the financial report
Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half year financial report is not in accordance with the Corporations Act 2001 including giving a true and fair view of the Group’s financial position as at 31 December 2025 and its performance for the halfyear ended on that date, and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .
A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
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GRANT THORNTON AUDIT PTY LTD Chartered Accountants
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B P Steedman Partner – Audit & Assurance Perth, 23 February 2026
Grant Thornton Audit Pty Ltd
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