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ASX:GNP

7 stories mentioning ASX:GNPUpdated 29d ago

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Asia

GenusPlus Group's 'Transformational' Acquisition of MPC Kinetic is Highly Accretive, Euroz Hartleys Says

GenusPlus Group's (ASX:GNP) deal to acquire energy and resource services firm MPC Kinetic is "hugely accretive" and will allow the company to essentially double its earnings, Euroz Hartleys said in a Wednesday note.The investment firm estimates that the "transformational" acquisition, which carries a price tag of up to AU$400 million, could be accretive by more than 50% in 2027."The acquisition rational, beyond the attractive maths, is to add gas gathering and well maintenance services as an adjunct to the Genus Plus distribution business," Euroz Hartleys said, adding that the deal will give GenusPlus a diversity of services that are consistent with its strategy.The equity research firm maintained a buy recommendation on GenusPlus while raising its target price to AU$13.56 from AU$9.15.GenusPlus Group's shares gained 1% in recent Wednesday trade and earlier hit a record high.

ASX:GNP
Asia

GenusPlus Group Secures AU$200 Million Through Institutional Placement; Shares Hit Record High

GenusPlus Group (ASX:GNP) received firm commitments from institutional and sophisticated investors for a AU$200 million single-tranche placement, according to a Wednesday Australian bourse filing.The company will issue around 21.6 million shares at AU$9.25 each, representing a 1.5% discount to the five-day volume weighted average price.The proceeds from the placement will be used to partially finance the acquisition of MPC Kinetic Holdings, the filing added.The company's shares rose around 4% in recent Wednesday trade and earlier hit a record high.

ASX:GNP
Asia

GenusPlus Group Raises Fiscal 2026 Normalized EBITDA Guidance

GenusPlus Group (ASX:GNP) increased its fiscal 2026 normalized earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to between AU$96 million and AU$100 million, up from previous guidance of about AU$91 million, according to a Monday Australian bourse filing.The company said the updated guidance represents growth of about 42% to 48% on normalized fiscal 2025 EBITDA of AU$67.4 million, with about AU$2 million to AU$3 million of the growth expected to come from the acquisition of Railtrain Holdings, which closed on April 1.Normalized earnings before interest and tax (EBIT) excluding acquisition amortization is expected to be between AU$76 million and AU$80 million, it added.

ASX:GNP
Asia

GenusPlus Group to Acquire Energy, Resource Services Company for AU$400 Million

GenusPlus Group (ASX:GNP) agreed to acquire 100% of the issued capital of energy and resource services firm MPC Kinetic for a total consideration of up to AU$400 million, according to a Monday filing with the Australian bourse.The transaction includes an upfront payment of AU$325 million in cash, a deferred cash payment of AU$25 million payable six months after completion, and earn-out cash consideration of up to AU$50 million, subject to achieving the fiscal year 2027 earnings before interest and taxes target of AU$70 million, the filing said.The consideration is expected to be funded through an equity raise of up to AU$200 million, with the remaining upfront, deferred, and earn-out consideration to be funded from the company's upsized debt facility, existing cash reserves, and operating cash flows, per the filing.

ASX:GNP
Asia

GenusPlus Group Says TasNetworks Confirms Final Investment Decision for Construction of Tasmania Project

GenusPlus Group (ASX:GNP) said that the TasNetworks confirmed the final investment decision for the construction phase of the first stage of North West Transmission Developments in Tasmania, according to a Friday Australian bourse filing.The project financing requirements include debt funding of up to AU$1.2 billion from Clean Energy Finance and equity funding secured from the Tasmanian Government.GenusPlus expects the construction phase to start in the September quarter, per the filing.The issuing of the notice to proceed is subject to conditions, including the satisfaction of Tasmanian Planning Commission's permit conditions and the resolution of permit proceedings before the Tasmanian Civil and Administrative Tribunal, the filing said.

ASX:GNP
Asia

GenusPlus Advances Tasmania Project Under Limited Notice to Proceed

GenusPlus Group (ASX:GNP) advanced the North West Transmission Development stage 1 project through limited notice to proceed, completing around AU$42 million in engineering and design works and commencing about AU$80 million in early works and procurement, according to a Tuesday filing with the Australian bourse.The project will enter the construction phase once TasNetworks issues a notice to proceed and obtains the required final investment decisions, along with planning and environmental approvals, per the filing.Construction is expected to be completed by 2029, the filing added.The company's shares fell 1% in recent Tuesday trade.

ASX:GNP
Asia

GenusPlus Group Secures AU$110 Million EPC Deal for South Australia BESS Project

GenusPlus Group (ASX:GNP) has secured a turnkey engineering, procurement, construction, and commissioning (EPC) contract worth around AU$110 million to deliver the balance of plant and a 200 megawatt system with 800 megawatt-hour of storage capacity for the Koolunga Battery Energy Storage System (BESS) project in South Australia, according to a Friday filing with the Australian bourse.The project will be connected to the electricity grid via a 1.2-kilometer high-voltage transmission line linking it to the 275-kilovolt Brinkworth substation, the filing said.The construction is set to start soon, with all approvals already in place, and completion targeted for September 2027, the filing added.The company's shares rose 2% in recent Friday trade.

ASX:GNP

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