Mader Group (MAD) H2 2025 earnings summary

Executive summary

• Achieved record FY25 revenue of $872.2 million, up 13% year-over-year, exceeding guidance, with NPAT of $57.1 million, also up 13%.

• Net debt reduced by 73% to $8.3 million, strengthening the balance sheet and providing funding flexibility.

• Marked 20 years of operation, with a global workforce of nearly 4,000 technicians and headcount up by over 700.

• Growth momentum continues as the company enters the final year of its five-year strategic plan, with all prior NPAT targets exceeded.

• Expanded global presence and diversified service offerings, with strong growth in Australia and Rest of World segments.

Financial highlights

• Revenue increased 13% year-over-year to $872.2 million.

• NPAT rose 13% to $57.1 million, with margin stable at 6.6%.

• EBITDA increased to $109.5 million (12.5%-12.6% margin); EBIT to $84.0 million (9.6% margin).

• EPS improved 12% to 28.35 cents per share; total FY25 dividends 8.8 cents per share, up 13%, payout ratio 31%.

• Free cash flow grew 52% to $42.7 million; net cash flow from operations was $76.8 million, up 12%.

Outlook and guidance

• FY26 guidance set at at least $1 billion in revenue and at least $65 million NPAT.

• Business expects to transition to a net cash position in FY26.

• Continued focus on organic growth, with inorganic opportunities and service/geographical diversification under consideration.

• Strategic plan for the next five years is being finalized.

• Positive demand and growth momentum across all markets.