Mader Group Ltd
ASX:MAD
Mader Group Ltd
Mader Group Ltd. is a maintenance services company. The company is headquartered in Perth, Western Australia and currently employs 1,600 full-time employees. The company went IPO on 2019-10-01. Its segments include Australia, United States and Rest of World. The principal activities of the Company include the provision of specialized labor and support for the maintenance of heavy mobile equipment and fixed infrastructure in the resources sector in Australia and internationally. The services provided include maintenance labor, field support (site labor with support vehicles and tooling), shutdown teams for major overhauls, offsite repairs and component rebuilds, training of maintenance teams, and a range of other ancillary services. Its services also include rail maintenance, digger support team, drill support team, fabrication and line boring, processing and non-processing infrastructure, power generation and marine, field support, electrical services, maintenance projects, rapid response teams, professional support roles, component exchange and many others.
Mader Group Ltd. is a maintenance services company. The company is headquartered in Perth, Western Australia and currently employs 1,600 full-time employees. The company went IPO on 2019-10-01. Its segments include Australia, United States and Rest of World. The principal activities of the Company include the provision of specialized labor and support for the maintenance of heavy mobile equipment and fixed infrastructure in the resources sector in Australia and internationally. The services provided include maintenance labor, field support (site labor with support vehicles and tooling), shutdown teams for major overhauls, offsite repairs and component rebuilds, training of maintenance teams, and a range of other ancillary services. Its services also include rail maintenance, digger support team, drill support team, fabrication and line boring, processing and non-processing infrastructure, power generation and marine, field support, electrical services, maintenance projects, rapid response teams, professional support roles, component exchange and many others.
Record Revenue: Made Group delivered record half-year revenue of $485.2 million, up 18% year-on-year, exceeding its annual revenue growth guidance.
Profit Growth: Net profit after tax (NPAT) was $30.5 million, a 17% increase from the prior period.
Margin Stability: NPAT margin held steady at 6.3%, with expectations for stronger margins in the second half due to operating leverage and margin optimization projects.
Net Debt Reduction: Net debt dropped 57% to just $3.4 million, with net leverage near zero, reflecting improved free cash flow and a more capital-light model.
Dividend Suspended: The interim dividend was suspended to prioritize capital for organic and inorganic growth opportunities.
Strong Outlook: Full-year guidance was reaffirmed: targeting $1 billion revenue and at least $65 million NPAT for FY '26.
Business Diversification: Growth was broad-based across Australia, North America, and Rest of World, with strong demand and customer pipelines.
