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MAAS Group Holdings Ltd. ( (AU:MGH) ) has provided an announcement.
Maas Group Holdings Ltd. reported its financial results for the first half of fiscal year 2025, with an underlying EBITDA of $95 million and capital recycling proceeds of $90.7 million. The company’s construction materials division, accounting for 42% of group EBITDA, has shown significant growth, offsetting challenges in the civil construction and hire division. Recent acquisitions and the establishment of new hubs in Wollongong and Canberra are anticipated to fuel further growth. Despite a 47% decline in EBITDA in the civil construction and hire sector due to project delays, the company remains optimistic about the pipeline for renewable energy projects and maintains a strong capital position following a successful equity raise.
More about MAAS Group Holdings Ltd.
Maas Group Holdings Ltd. is a leading independent Australian company specializing in construction materials, equipment, and services. It focuses on the construction industry, particularly in the areas of construction materials and commercial real estate, with a notable presence in the civil construction and hire sectors. The company is strategically expanding its operations through acquisitions, with recent growth in the construction materials division expected to drive future earnings.
YTD Price Performance: -9.39%
Average Trading Volume: 326,861
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$1.55B
For a thorough assessment of MGH stock, go to TipRanks’ Stock Analysis page.
