Maas Group Holdings Limited (ASX:MGH) today presented its results for the 2025 financial year at its Annual General Meeting, reporting a record Underlying EBITDA of $219.4 million. Maas Group is a leading independent Australian construction materials, equipment and service provider with diversified exposures across the civil, infrastructure, renewable energy, mining and real estate end markets. The company noted that this figure represents a 28% compound annual growth rate since listing, driven by strategic focus and disciplined capital allocation. While challenges in the Civil Construction and Hire division impacted results, the company’s diversified model and strong balance sheet mitigated these effects.
The company highlighted the growth of its Construction Materials division through both organic expansion and strategic acquisitions. Key acquisitions included Cleary Bros, Aerolite Quarries, Cardinia Environmental Recycling, and controlling interests in asphalt operations. These additions have significantly increased Maas Group’s scale and capabilities across quarry, concrete, asphalt, and recycling operations. A $150 million capital raise was also completed during the year to support the company’s growth strategy.
Maas Group is committed to capital discipline, exceeding its targets by recycling over $100 million in assets and reinvesting into higher-return opportunities. Trading conditions since the close of FY25 have remained supportive, with positive momentum in the Construction Materials business. The company also expects improvements in Civil Construction and Hire, and increasing enquiry and settlements in its Residential Real Estate business.
Looking ahead, Maas Group provided FY26 Underlying EBITDA guidance in the range of $240 million to $270 million. This guidance reflects a balanced view of the current operating environment, incorporating assumptions such as a normalised weather outlook, stable competitive intensity in Construction Materials, and continued improvement in Civil Construction and Hire. The company anticipates realising over $200 million from asset recycling within FY26.
