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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
MAAS Group
MAAS Group (MGH) investor relations material
MAAS Group AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary23 Sep, 2026
Opening remarks and agenda
AGM opened with acknowledgment of traditional landowners and confirmation of quorum, with both in-person and virtual attendance options.
Directors, company secretary, CFO, and auditor were introduced; CEO participated online due to family commitments.
Meeting procedures, voting rights, and technical instructions for both in-person and online participants were outlined.
Financial performance review
Achieved record FY26 performance with underlying EBITDA of $300.3M, a 37% increase on prior year, and statutory NPAT of $136.1M, up 89%.
Underlying revenue increased 27% to AUD 1.264 billion; underlying net profit after tax rose 57% to AUD 123.4 million.
Strong cash conversion with operating cash flow at AUD 183.5 million, representing 93% of underlying EBITDA; leverage ratio within 2-3x target range.
Segment highlights: Civil construction and hire EBITDA up 64%, residential real estate EBITDA up 44%, commercial real estate EBITDA up 20%, manufacturing EBITDA up 26%.
Electrical work in hand reached ~$1.2bn, providing earnings visibility for FY27 and beyond.
Board and executive committee updates
CEO & Managing Director, Wes Maas, led the board, supported by a mix of independent and non-executive directors, and a seasoned executive team including CFO, COO, and other key operational leaders.
Board and management praised for leadership and execution; re-election of Non-Executive Director David Keir supported.
Tanya Gale recognized for her service as Executive Director, with performance rights linked to long-term outcomes.
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Latest events from MAAS Group
- Record revenue, EBITDA, and $1.703bn asset sale drive strong FY27 outlook.MGH
H2 2026 - FY26 EBITDA guidance upgraded amid robust growth, major asset sale, and digital investment.MGHH1 2026
- EBITDA up 6%, dividend rises 8%, with growth driven by acquisitions and sustainability focus.MGHAGM 2025
- EBITDA up 6% to $219.4m, strong cashflow, and positive FY26 outlook on acquisitions.MGHH2 2025
- Record FY24 growth, strong cash flow, and Melbourne expansion support a positive outlook.MGHAGM 2024
- Record EBITDA and revenue growth, strong cash conversion, and positive FY25 outlook.MGHH2 2024
- All share issue resolutions for the capital raise were strongly approved by shareholders.MGHEGM 2025
- Aggregate-led strategy, disciplined M&A, and regional expansion drive strong growth outlook.MGHInvestor Presentation
- 1H25 EBITDA reached $95m, driven by Construction Materials growth and strong FY25 outlook.MGHH1 2025
Next MAAS Group earnings date
H1 202723 Feb, 2027
MAAS Group
Next MAAS Group earnings date
H1 202723 Feb, 2027
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Frequently asked questions
MAAS Group Holdings Limited is an Australian diversified industrial company engaged in construction materials, equipment, real estate, and civil construction services. The company’s operations include manufacturing and supplying quarry materials, providing specialized equipment for the mining and infrastructure sectors, and delivering civil construction and earthmoving services. Additionally, MAAS Group has a real estate development segment focused on residential and commercial projects in key regional areas. The company’s integrated business model supports a range of industries, including mining, infrastructure, and property development. The company is headquartered in Dubbo, New South Wales, and its shares are listed on the Australian Securities Exchange.