GenusPlus Group's (ASX:GNP) upgraded fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance signals stronger-than-expected earnings momentum and potential for further upside, according to a Thursday report by Euroz Hartleys.
The company has raised its fiscal year 2026 EBITDA guidance to around AU$91 million, up about 35% from fiscal 2025's AU$67.4 million and above both its prior 20% to 25% growth target and analysts' estimate of AU$83.5 million.
The research firm noted that the EBITDA revision reflects strong earnings in energy & engineering and services segments, stable infrastructure performance, and potential upside from upcoming infrastructure projects.
The firm added that recent contract wins, acquisitions, and a strong order book, supported by favorable industry trends, underpin confidence in the company's growth, with multiyear projects across geographies and service lines driving a sustained trajectory through 2026 to 2028.
Euroz Hartleys maintained a buy rating on GenusPlus Group and said its AU$5.55 per share price target is under review.