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Mader Group
Mader Group (MAD) investor relations material
Mader Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary24 Feb, 2026
Executive summary
Achieved record half-year revenue of AUD 485.2 million (up 18% year-over-year from AUD 411.5 million), positioning the business to reach its AUD 1 billion annual revenue target for FY 2026.
Net profit after tax rose 17% to AUD 30.5 million, maintaining a 6.3% margin and reflecting strong operational performance.
Workforce expanded by over 250 net new hires, with more than 4,100 specialists supporting 490+ customers globally.
Strategic plan execution remains on track, focused on geographical and service line diversification, with continued momentum in Australia, North America, and new markets.
Net debt reduced to AUD 3.6 million from AUD 8.3 million at 30 June 2025, reflecting strong cashflow conversion.
Financial highlights
Revenue increased 18% year-over-year to AUD 485.2 million for the half year.
EBITDA grew to AUD 56.2 million from AUD 51.5 million, with margin at 11.6%.
Earnings per share rose 16% to 15.02 cents.
Net debt reduced by 57% to AUD 3.6 million; net leverage at 0.03x annualised EBITDA.
Free cash flow increased to AUD 15.8 million, marking the sixth consecutive half of positive free cash flow.
Outlook and guidance
FY 2026 guidance reaffirmed: targeting AUD 1 billion in revenue and at least AUD 65 million NPAT.
Strong demand and robust pipelines in all regions, especially North America and Australia.
Strategic plan execution on track, with a new five-year plan to be released before end of financial year.
Targeting a net cash position by FY26.
Ongoing business growth initiatives and a consistent dividend payout ratio are expected to be maintained.
North America EBITDA flat despite revenue growth
Future capital allocation post debt reduction
Ongoing impact of deferred tax asset recognition
How does capital strategy enable inorganic growth?
How do new verticals reduce capital intensity?
North America: future customer and commodity mix?
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Next Mader Group earnings date
H2 202625 Aug, 2026
Mader Group
Next Mader Group earnings date
H2 202625 Aug, 2026
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Frequently asked questions
Heavy Equipment Maintenance
Mader is an Australian contracting company that specializes in providing heavy equipment maintenance services. The company primarily focuses on the mining sector, offering a diverse range of maintenance solutions. These include field service maintenance, workshop repairs, specialist support, and staffing solutions for various heavy-duty machinery and vehicles. Mader is well-established in Australia and works with every large mining company in the country, but its customers can be found all over the world. It is headquartered in Perth, Australia, and its shares are listed on the ASX.
Perth Made
The company was founded in Perth in 2005, and quickly made a name for itself as a reliable and skilled partner for specialized mechanical services for the Australian mining industry. Over the years, Mader has expanded significantly, both in its service range and geographic footprint. The company's growth is marked by its international expansion, and the company is now active in North and South America, Africa, and Asia. Mader's services now also extend beyond the mining sector, catering to the construction, energy, and power generation industries. Even if the company is active all over the world, the strong mining industry in Australia with names such as BHP and Rio Tinto, has enabled the company grow to where it is today.
Mechanical Services
Within its mechanical services segment, Mader Group specializes in comprehensive maintenance and repair of heavy machinery used in industries like mining, construction, and energy. Their expertise encompasses a wide range of equipment, including excavators, trucks, dozers, and drills. Mader’s services in this segment are characterized by a focus on maximizing machinery uptime and operational efficiency. This is achieved through routine maintenance, breakdown repairs, and overhaul services. The company also provides diagnostic and troubleshooting support, ensuring quick resolution of technical issues. Mader's team of mechanics and technicians are trained to work on a variety of machinery brands and models and are on call 24/7 to help with emergency repair and maintenance.
Other Services
Beyond its core mechanical services, Mader Group offers a range of other specialized services. These include electrical servicing and maintenance, crucial for ensuring the safety and functionality of heavy machinery. They also provide fixed plant maintenance as well as equipment inspections and audits, ensuring compliance with industry standards. Another key service is shutdown and project management, where Mader coordinates and executes maintenance activities during planned operational pauses. This merely scratches the surface of the services that Mader offers, as it is an incredibly diversified company with several other services within the same area of its core expertise.
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