Mader Group Ltd reported record annual revenue of AUD 1.001 billion for the 12 months ended June 30, a 15% increase from the prior year, as the industrial services provider extended its growth trajectory across Australia and North America.
Net profit after tax rose 15% to AUD 65.4 million, while earnings per share increased 14% to AUD 0.322. The company ended the period with a net cash position of AUD 35.7 million, compared with a net debt position of AUD 8.3 million a year earlier, reflecting strong operating cash flow of AUD 85 million and free cash flow of AUD 57.5 million.
Australia accounted for AUD 797.7 million of revenue, up 16% year-over-year, driven by 45% growth in infrastructure maintenance and 37% growth in ancillary services. North American revenue reached USD 186.6 million, a 12% increase, with EBITDA margins approaching the 20% target set for FY2027. The global workforce expanded by 600 to more than 4,500 employees across 10 countries, with 60% under the age of 35.
Chief Executive Officer Justin Nuich highlighted the completion of the company’s first five-year strategic plan as a listed entity, noting that North America remains a key growth market. Chief Financial Officer Paul Hegarty emphasized the net cash position as a milestone, achieved alongside a 99% conversion rate of operating cash flow before interest and tax to EBITDA.
For FY2027, Mader guided revenue to at least AUD 1.13 billion and net profit after tax to at least AUD 72.5 million, representing increases of 12.8% and 10.9%, respectively. Capital expenditure is expected to remain in the AUD 30-35 million range, with long-term targets including circa 15% annual EPS growth and annual capital investment of AUD 30-50 million excluding acquisitions.
Shares in Mader fell 3.87% to AUD 6.96 on Monday, extending a decline from the prior close of AUD 7.24. The stock has traded between AUD 6.73 and AUD 9.63 over the past 52 weeks, with analyst price targets surveyed by InvestingPro ranging from AUD 6.40 to AUD 7.29.
