Genius Group Advances ASX Dual Listing, Expands GENIUSpark AI Data Center Initiative to Australia

The working-capital milestone supports the proposed Australian listing, but ASX review and approval remain pending.

Rhea-AI Summary

Genius Group (NYSE American: GNS) approved proceeding with a formal application for a dual listing on the Australian Securities Exchange. The proposed listing would use CHESS Depositary Interests, securities representing underlying shares, and remains subject to ASX review and approval. Current assets exceeded current liabilities in October 2026, meeting a working-capital milestone.

In the first half of 2026, the company repaid 99% of third-party debt, reduced total liabilities by 37% to US$25.5 million and grew net assets to US$106 million. Its three operating units generated US$6.4 million in combined net profit from operations in the first nine months of 2026, on 140% year-on-year revenue growth. The board also authorized exploration of Australian GENIUSpark AI data center opportunities. The company intends Canadian and Australian launches to serve as pilots for further developments in Southeast Asia, with Indonesia’s special economic zones the third focus.

10 points · 2 major

PositiveiHow this balance works

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How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointTotal liabilities fell 37% to US$25.5 million in the first half of 2026.
• Major pointThree operating units delivered US$6.4 million combined net profit from operations in the first nine months of 2026.
• Moderate pointNet assets grew to US$106 million in the first half of 2026.
• Moderate pointOperating-unit revenue grew 140% year-on-year in the first nine months of 2026.
• Moderate pointCurrent assets exceeded current liabilities in October 2026, achieving a positive net working capital surplus.
• Moderate pointFormal ASX dual-listing application received board authorization to proceed.
• Moderate pointGENIUSpark Alberta development advanced through signed binding agreements to form a company to build computing campuses.

3 minor points

• Minor pointThird-party debt repayments eliminated 99% of that debt in the first half of 2026.
• Minor pointAustralian GENIUSpark opportunities received board authorization for management to explore and pursue.
• Minor point. Forward-looking: it has not happened yet and may not happen.Canadian and Australian GENIUSpark launches are intended as pilots for further Southeast Asian developments.

Negative

• Minor pointThe proposed dual listing remains subject to ASX review and approval.

Key Figures

Third-party debt reduction: 99% Total liabilities: 37% reduction to US$25.5 million Net assets: US$106 million +2 more

Third-party debt reduction

99%

First half of 2026

Total liabilities

37% reduction to US$25.5 million

First half of 2026

Net assets

US$106 million

First half of 2026

Combined net profit from operations

US$6.4 million

First nine months of 2026; three operating units

Revenue growth

140%

Year-on-year, first nine months of 2026

Previous AI Reports

1 past event · Latest: Oct 26

Same Type 1 event

1. Oct 26

   GENIUSpark launch

   24h Move

   -5.6%

   Launched GENIUSpark with an initial 100 MW compute target and plans for Canada, Australia and Indonesia.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

chess depositary interests, net working capital, high performance computing, special economic zones

4 terms

chess depositary interests financial

"by way of CHESS Depositary Interests (“CDIs”)."

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

net working capital financial

"satisfying the positive net working capital surplus condition"

Net working capital is the amount left when you subtract a company’s short-term bills (like accounts payable and short-term loans) from its short-term assets (cash, money owed to it, and inventory). Think of it as the cash cushion a business has to keep daily operations running — a bigger cushion means fewer short-term funding worries, while a small or negative number can signal pressure to raise cash or cut activity, which matters to investors assessing stability and short-term risk.

high performance computing technical

"community-first high performance computing campuses in Alberta, Canada"

High performance computing is the use of very powerful, specialized computers working together to solve huge numerical problems or analyze massive data sets far faster than ordinary machines. Think of it as a fleet of race cars solving a giant, complex puzzle — it speeds up tasks like simulations, large-scale data modeling, and advanced AI training. For investors, it matters because companies that build or use these systems can gain competitive advantages, unlock new products or services, and face significant capital and operational costs that affect profitability.

special economic zones regulatory

"Indonesia’s Special Economic Zones (SEZs)"

A specially designated geographic area where a government applies a different set of economic and regulatory rules than in the rest of the country to attract investment, promote trade, or stimulate industrial development. Typical features include tax breaks or exemptions, simplified customs and import-export procedures, looser labor or licensing requirements, and dedicated infrastructure or administration; the exact incentives and legal framework are set by national or regional statute and vary by jurisdiction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Board approves formal ASX dual listing application, further to achieving solvency and net working capital surplus milestones.

Company achieves positive net working capital surplus following 99% reduction in third-party debt and growth in dual treasury.

Further to the announcement of GENIUSpark Community-first AI data center project in Alberta, Canada, Board approves expansion of GENIUSpark AI-powered education and reskilling model to Australia.

SINGAPORE, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group", "GNS" or the "Company"), a leading AI-powered education group, today announced that its Board of Directors has approved a series of strategic initiatives to accelerate the Company’s growth, strengthen its capital structure, and advance its application for a dual listing on the Australian Securities Exchange (“ASX”).

ASX Dual Listing

The Board has directed management to proceed with the formal application for a dual listing of the Company’s securities on the ASX by way of CHESS Depositary Interests (“CDIs”). The Company engaged DLA Piper as its advisor on the ASX dual listing in December 2025, further to which DLA Piper lodged an In Principle Advice Application with the ASX on the Company’s behalf. The Company received initial feedback from the ASX in July 2026 and has been working to address the ASX’s requirements, including satisfying the positive net working capital surplus condition required under ASX Listing Rule 1.3.

Further to steps taken to strengthen its Balance Sheet over the course of the year, the Company achieved a net working capital surplus milestone in the month of October, with its current assets exceeding its current liabilities, enabling the Board to approve the formal application for a dual listing on ASX.

Roger James Hamilton, Founder and CEO of Genius Group, commented: “Today’s announcements mark a pivotal moment for Genius Group. We believe a dual listing on the ASX will broaden the Company’s investor base across the Asia-Pacific region, enhance trading liquidity and fair price discovery.”

“Multiple US publicly listed companies have had success with dual listings on the ASX via CDIs, including Block (formerly Square), Life360, ResMed, Newmont, Alcoa and Amcor. Genius Group looks forward to joining this group in having exposure to both the US and Asia-Pacific. A dual listing on the ASX will also position the Company to pursue growth opportunities in Australia and South East Asia, including the deployment of our GENIUSpark community-first AI data center model and Genius City education ecosystem.”

Strengthened Balance Sheet and Positive Net Working Capital Surplus

The Company has undertaken a comprehensive restructuring of its balance sheet over the course of 2026 in preparation for the ASX dual listing. In the first half of the year, the Company closed or restructured loss-making divisions, repaid 99% of all third-party debt, and reduced total liabilities by 37% to US$25.5 million, while growing net assets to US$106 million.

The Company’s three operating units (Genius School, Genius Academy and Genius Resorts) each achieved monthly net profit from operations, delivering US$6.4 million in combined net profit from operations on 140% revenue growth year-on-year in the first nine months of 2026.

As a result of these measures, the Company achieved one of the key milestones required for a dual listing in October 2026: A positive net working capital surplus, with current assets exceeding current liabilities.

The ASX listing is subject to ASX review and approval, and the Company expects to provide further updates on the listing timeline as the process advances.

GENIUSpark: Community-First AI Data Centers

In parallel to the Company’s formal ASX dual listing application, and further to the Company’s announcement of its first signed binding agreements to form GENIUSpark Alberta Inc to build a series of community-first high performance computing campuses in Alberta, Canada, the Board has authorized management to explore and pursue GENIUSpark opportunities in Australia, where AI data center demand is growing rapidly.

Australia’s operational data center capacity stands at approximately 1.5 GW today and is projected to more than double to 3.2 GW by 2030, according to the DC Byte and Data Centres Australia Forecast Report, ^[1] with new investment in Australian data center capacity forecast to top A$26 billion over the same period. ^[2]

The Company believes its GENIUSpark community-first model, which integrates a Genius City reskilling academy, a local AI treasury and community benefit-sharing into each site, is well-suited to Australia’s skilled workforce and growing AI infrastructure needs.

Australia’s AI growth trajectory is accompanied by an acute skills shortage. The Tech Council of Australia estimates that AI could create up to 200,000 AI-related jobs by 2030, requiring the country’s current AI workforce of approximately 33,000 to increase five-fold. ^[3] Separately, Bain & Company projects the number of AI specialists in Australia will rise from 40,000 in 2024 to 85,000 by 2027, still leaving a shortfall of up to 60,000 workers against projected demand of over 140,000 AI roles. ^[4] GENIUSpark’s integrated Genius City reskilling academy model is designed to address this workforce gap by delivering AI literacy, certification and employment pathways.

The Company intends for its GENIUSpark community-first model, once launched in Canada and Australia, to serve as a pilot for further AI powered Genius City developments in South East Asia, with the third focus being Indonesia’s Special Economic Zones (SEZs).

Under Indonesian Government Regulation, qualifying investments in designated SEZs are eligible for a corporate income tax reduction of up to 100% for 10 to 20 years depending on the scale of investment. ^[5] Indonesia’s Nongsa Digital Economy SEZ in Batam, neighbouring Singapore, has already attracted major data center operators, signalling strong government support for AI infrastructure development paired with digital economy reskilling initiatives. ^[6]

Sources

[1] DC Byte and Data Centres Australia, Australian Data Centre Forecast Report, 2026. https://www.dcbyte.com/industry-reports/australian-data-centre-forecast-report/
[2] Mandala Partners, Investment in Australian Data Centre Capacity, October 2024. New investment forecast to top A$26 billion by 2030. https://w.media/new-investment-in-australian-data-centre-capacity-forecast-to-top-26-billion-by-2030-according-to-mandala/
[3] Tech Council of Australia, Meeting the AI Skills Boom, 2024. AI could create up to 200,000 jobs by 2030. https://techcouncil.com.au/newsroom/ai-to-create-200000-jobs-in-australia-by-2030/
[4] Bain & Company, AI Skills and Talent in Australia, 2024. AI specialists projected to rise from 40,000 (2024) to 85,000 (2027), with demand exceeding 140,000 roles. https://www.smartcompany.com.au/technology/artificial-intelligence/tech-council-australia-ai-job-report-skill-shortage/
[5] ASEAN Briefing, Tax Incentives for Special Economic Zones in Indonesia, 2024. Under GR 12/2020 and PMK 237/2020, qualifying SEZ investments eligible for 100% CIT reduction for 10–20 years. https://www.aseanbriefing.com/news/tax-incentives-for-special-economic-zones-in-indonesia/
[6] ASEAN Briefing, Investing in Indonesia’s Nongsa Special Economic Zone, 2024. Nongsa designated as SEZ for digital economy; attracting data center operators. https://www.aseanbriefing.com/news/investing-in-indonesias-nongsa-special-economic-zone/

About Genius Group

Genius Group (NYSE: GNS) is a global education group delivering AI-powered education and acceleration solutions for the future of work. Genius Group serves 6 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit geniusgroup.ai

Forward-Looking Statements 

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

Contacts
For enquiries, contact investor@geniusgroup.ai

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Has Genius Group received approval for its ASX dual listing?

ASX approval remains pending; Genius Group’s board has authorized management to proceed with the formal application. The proposed listing would use CHESS Depositary Interests. The company achieved a positive net working capital surplus in October 2026, addressing a condition under ASX Listing Rule 1.3.