Mader Group Ltd. reported FY26 revenue of $1.001 billion, surpassing the $1 billion milestone for the first time and marking a 15% increase year-over-year. Net profit after tax rose 15% to $65.4 million, while earnings per share grew 14% to 32.18 cents. Operating cash flow totaled $85 million, with a 99% conversion rate from EBITDA, and free cash flow improved 35% to $57.5 million.
The balance sheet strengthened, shifting from net debt of $8.3 million in FY25 to net cash of $35.7 million in FY26. Return metrics remained robust, with ROIC at 25%, ROA at 18%, and ROE at 27%. Days sales outstanding improved by 2% to 67 days, and the group maintained over $100 million in available growth facilities.
Regionally, Australia generated $797.7 million in revenue, up 16% year-over-year, driven by 37% growth in ancillary services and 45% in infrastructure maintenance. North America contributed $186.6 million, a 12% increase in Australian dollar terms, with a workforce of over 660 employees. The rest of the world reported $16.8 million in revenue, down from $19.9 million due to the completion of a large contract.
Mader’s strategic execution continued to outperform guidance, with NPAT targets met or exceeded in each of the past five fiscal years. The company declared no dividend for FY26, opting to reinvest capital for growth, and outlined plans for $30–50 million in annual capital investments.
For FY27, Mader guided revenue to at least $1.13 billion, representing 12.8% growth, and NPAT to at least $72.5 million, a 10.9% increase. Shares fell 3.04% to $7.02 on August 25, near the lower end of the 52-week range of $6.73 to $9.63, following the cautious outlook despite the record revenue achievement.
The group employs over 4,500 specialized workers globally, with 52% in heavy-duty diesel mechanics and 12% in auto and high-voltage electricians. Mader’s trade upgrade program has graduated over 524 apprentices, addressing a projected skills shortage of 24,500 VET-qualified workers by 2035 in Australia’s mining sector.
