Mader Group Ltd (ASX:MAD)

Full Year 2026 Mader Group Ltd Earnings Call Transcript

Aug 24, 2026 / 12:00 AM GMT

Release Date Price: A$6.63 (-8.43%)

Transcript

Key Points

Positve

Mader Group Ltd (MADGF) delivered record annual revenue of $1.001 billion, a 15% increase year-over-year, and NPAT of $65.4 million, also up 15%.
The company achieved a strong net cash position of $35.7 million, a significant improvement from a net debt of $8.3 million in the prior year, providing financial flexibility.
Mader Group Ltd (MADGF) reported robust free cash flow of $57.5 million and maintained a high EBITDA conversion rate of 99%, reflecting strong operational efficiency.
The company successfully exceeded its five-year strategic plan targets, achieving a 30% revenue CAGR over the past decade and consistently delivering NPAT margins within a tight 0.6% range.
Mader Group Ltd (MADGF) sees significant growth opportunities in North America, a market with a much larger addressable size than Australia, and is expanding into new verticals like defence and infrastructure.
The company's workforce development programs, including Global Pathways and Trade Up, are helping to address skilled labour shortages and support growth, with over 240 technicians deployed to North America in FY26.

Negative

Mader Group Ltd (MADGF) experienced negative foreign exchange headwinds, which reduced revenue by approximately $8.2 million and NPAT by close to $800,000.
The Board elected not to declare a dividend for FY26, prioritizing investment in organic and inorganic growth opportunities, which may disappoint income-focused investors.
FY27 guidance of at least $1.13 billion in revenue and $72.5 million in NPAT implies a slower growth rate of 11% for NPAT, reflecting a year of heavy strategic investment.
The 'Rest of World' segment saw a decline in revenue due to the conclusion of a large finite contract, and the company expects only flat performance in this segment for FY27.
North American EBITDA margins were 17.5% in FY26, below the historical 20% target, although the company noted improvement in the second half.
The company faces intense competition in labour markets, and while it added 600 net headcount, filling roles in high-demand areas like Canada remains a challenge, with 150-200 vacancies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MAD.AX - Mader Group Ltd
Full Year 2026 Mader Group Ltd Earnings Call
Aug 25, 2026 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to Mater Group's full-year results presentation for the 2026 financial year.

Joining me today as well is our Chief Financial Officer, Paul Hegarty.

As Mater moves into its third decade of operations, we're proud to reflect on a milestow year for the group, marked by strong achievements across the business.

This year, we successfully closed out the final year of our first five-year strategic plan as a listed company.

Delivering record annual revenues of a billion and $1.1 million, a 15% increase on FY25.

This incredible achievement reflects the discipline and precision with which our teams operate across the globe.

Through their commitment, they

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