MAAS Group Holdings Ltd
ASX:MGH
MAAS Group Holdings Ltd
MAAS Group Holdings Ltd. supplies construction materials and equipment. The company is headquartered in Dubbo, New South Wales. The company went IPO on 2020-12-04. The firm principal activities include Real Estate; Civil, Construction and Hire; Manufacturing; and Construction Materials. The Real Estate activities includes of residential development, housing construction and Commercial Development in Regional New South Wales. The Civil, Construction and Hire activities includes civil, construction and hire of ground, underground and specialized electrical equipment, electrical services and machinery sales in Australia. The Manufacturing activities includes of the manufacture of equipment and the sale of equipment and spare parts. The firm conducts its operations from Australia, Vietnam and Indonesia with sales to multiple global jurisdictions. The Construction Materials activities consisted of the operation of fixed and mobile plant quarries, crushing services, concrete transport services and geotechnical services in Australia.
MAAS Group Holdings Ltd. supplies construction materials and equipment. The company is headquartered in Dubbo, New South Wales. The company went IPO on 2020-12-04. The firm principal activities include Real Estate; Civil, Construction and Hire; Manufacturing; and Construction Materials. The Real Estate activities includes of residential development, housing construction and Commercial Development in Regional New South Wales. The Civil, Construction and Hire activities includes civil, construction and hire of ground, underground and specialized electrical equipment, electrical services and machinery sales in Australia. The Manufacturing activities includes of the manufacture of equipment and the sale of equipment and spare parts. The firm conducts its operations from Australia, Vietnam and Indonesia with sales to multiple global jurisdictions. The Construction Materials activities consisted of the operation of fixed and mobile plant quarries, crushing services, concrete transport services and geotechnical services in Australia.
Profit Growth: Underlying group NPAT grew by 26% and EBITDA reached $115.3 million, up 21% year-on-year for the first half of '26.
Upgraded Guidance: FY '26 underlying EBITDA guidance was raised to $250–280 million, with non-Construction Materials business expected to deliver $120–140 million.
Construction Materials Divestment: The $1.7 billion divestment to Heidelberg is expected to complete in the second half of calendar 2026, crystallizing high returns and freeing up capital.
Strong Cash Flow: Cash flow conversion reached 100%, a 19 percentage point improvement over the prior period.
Growth in Divisions: Civil Construction and Hire EBITDA jumped 66%, while Residential settlements rose 31% to 80 lots.
Electrical & Digital Pipeline: Large pipeline opportunities in electrical and digital infrastructure, with the Firmus contract set to contribute significantly in the second half.
Capital Recycling: $171 million in property sales already secured or settled; over $200 million expected for the full year.
No Immediate Major CapEx: Proceeds from the Heidelberg sale are earmarked for reinvestment, with no major capital return or CapEx required for Firmus work.
