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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.
Mader Group
Mader Group (MAD) investor relations material
Mader Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary25 Aug, 2026
Executive summary
Achieved record annual revenue of AUD 1,001.1 million in FY26, up 15% year-over-year, successfully delivering the first five-year strategic plan as a listed company.
NPAT reached AUD 65.4 million, up 15% year-over-year, with strong performance across all regions and a five-year NPAT CAGR of 28%.
Workforce grew by over 600, with a global team exceeding 4,500 employees, expanding into New Zealand and supporting more than 520 customers in 685+ locations.
Maintained a strong safety record with a total recordable injury frequency rate of 3.65 per million hours worked.
Strengthened balance sheet, moving from net debt of AUD 8.3 million to net cash of AUD 35.7 million.
Financial highlights
Revenue increased 15% year-over-year to AUD 1,001.1 million, with Australia up 16% and North America up 12%.
NPAT rose 15% to AUD 65.4 million; EPS reached a record AUD 0.322, up 14% year-over-year.
EBITDA increased to AUD 120.7 million, with a margin of 12.1%.
Free cash flow improved to AUD 57.5 million, up 35% year-over-year, with 99% cash conversion.
Net cash position of AUD 35.7 million at year-end, reflecting strong cash flow and disciplined working capital management.
Outlook and guidance
FY27 revenue guidance of at least AUD 1.13 billion and NPAT of at least AUD 72.5 million.
Targeting circa 15% EPS growth per annum over the next five years, with continued strong margins and annual capital investment of AUD 30–50 million.
Investments of AUD 3–4 million in high-growth initiatives and expanded incentive programs expected to impact FY27 NPAT.
Focus on accelerated growth initiatives, new service verticals, M&A, and expansion into new and underpenetrated markets, especially North America.
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Latest events from Mader Group
- Record revenue and profit growth, reduced net debt, and FY26 guidance reaffirmed.MAD
H1 2026 - FY25 revenue up 13% to $872.2M; on track for $1B+ revenue and $65M NPAT in FY26.MADAGM 2025 Presentation
- Record revenue and profit growth, strong cash flow, and a positive FY26 outlook.MADH2 2025
- Record revenue and profit growth, with robust outlook and continued global expansion.MADH2 2024
- Record revenue and profit, reduced net debt, and strong outlook reaffirm FY25 guidance.MADH1 2025
Next Mader Group earnings date
H1 202723 Feb, 2027
Mader Group
Next Mader Group earnings date
H1 202723 Feb, 2027
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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.