Mader Group (MAD) H2 2026 earnings summary

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.