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

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.

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