GenusPlus Group (ASX: GNP) is a provider of power and communications infrastructure solutions across Australia. The company designs, constructs and maintains electrical transmission and distribution networks, substations and battery energy storage systems. It is positioned to benefit from the growing investment required to support Australia’s energy transition and broader electrification thematic.
GenusPlus Group was featured in the Fund’s June 2025 monthly investment update which highlighted the founder-led business and its strong growth runway. Since then, company has continued to execute in line with that thesis, delivering strong organic growth and securing numerous new contracts over the past 12 months. This contract momentum has been particularly pleasing. In April, the company was awarded a sizeable contract for the Koolunga Battery Energy Storage System (KLG) Project, further demonstrating its capability in complex energy infrastructure projects. The strength of recent contract wins also supported a material earnings upgrade earlier in the year, reinforcing the company’s positive operating momentum.
The investment backdrop for GenusPlus Group remains compelling. Demand for electricity infrastructure continues to grow, supported by the ongoing electrification of the economy and the significant number of data centre projects that are planned to become operational over the next few years. In addition to its organic growth opportunity, GenusPlus Group has developed an operating platform that provides the flexibility and capacity to pursue larger and more strategic acquisitions over time. This enhances the potential for both organic and inorganic earnings growth in the years ahead.
We are encouraged by the company’s progress and continue to see attractive growth potential for GenusPlus Group as it benefits from structural demand for power and communications infrastructure across Australia.
