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MAAS Group Holdings Ltd.
(Sydney:MGH)
MAAS Group Holdings Ltd. (MGH) vs. iShares MSCI Australia ETF (EWA)
MAAS Group Holdings Ltd. Business Overview & Revenue Model
MAAS Group Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.20B | 1.03B | 895.06M | 789.32M | 509.89M | 273.12M |
| Gross Profit | 278.11M | 538.08M | 484.87M | 192.08M | 255.55M | 138.86M |
| EBITDA | 212.81M | 207.75M | 200.04M | 159.46M | 124.56M | 70.44M |
| Net Income | 78.56M | 71.96M | 72.96M | 65.90M | 61.56M | 34.57M |
Balance Sheet | ||||||
| Total Assets | 1.99B | 1.99B | 1.59B | 1.44B | 946.93M | 489.21M |
| Cash, Cash Equivalents and Short-Term Investments | 93.29M | 102.77M | 85.48M | 69.37M | 52.45M | 19.76M |
| Total Debt | 782.28M | 801.16M | 626.08M | 545.21M | 329.49M | 156.89M |
| Total Liabilities | 1.07B | 1.10B | 905.73M | 814.55M | 490.98M | 234.81M |
| Stockholders Equity | 911.92M | 876.19M | 678.63M | 626.88M | 455.95M | 254.40M |
Cash Flow | ||||||
| Free Cash Flow | 57.31M | 32.20M | 56.49M | -79.70M | -51.65M | 5.96M |
| Operating Cash Flow | 108.18M | 67.83M | 113.38M | 2.56M | 7.45M | 44.28M |
| Investing Cash Flow | -284.32M | -288.70M | -114.03M | -267.60M | -210.43M | -69.61M |
| Financing Cash Flow | 183.97M | 238.15M | 16.77M | 281.95M | 237.43M | 30.88M |
MAAS Group Holdings Ltd. Technical Analysis
MAAS Group Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$1.24B | 23.20 | 12.08% | 2.43% | 1.65% | 84.19% | |
66 Neutral | AU$1.74B | 30.65 | 13.62% | 1.85% | 23.76% | 21.18% | |
65 Neutral | AU$3.23B | 30.21 | 17.57% | 2.65% | 7.20% | 32.60% | |
64 Neutral | €3.00B | 61.22 | 4.71% | 3.20% | 12.18% | -73.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$1.75B | 22.36 | 9.26% | 1.30% | 15.14% | -7.23% |
MAAS Group Holdings Ltd. Corporate Events
MAAS Group Holdings Limited has issued an update announcing the execution of an on‑market share buy‑back of its ordinary fully paid shares under its existing program. The company reported that 172,395 shares were bought back on the previous trading day, marking the first reported daily purchase under the current buy‑back notification cycle, which commenced earlier in February 2026.
The update signals that MAAS Group is actively proceeding with its capital management strategy via daily on‑market repurchases. This activity may support the company’s share price, adjust its capital structure, and potentially enhance value per share for existing investors as the buy‑back progresses over time.
The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings has declared a dividend of AUD 0.035 per ordinary fully paid share, relating to the six‑month period ended 31 December 2025. The dividend will trade ex‑dividend on 31 March 2026, with a record date of 1 April 2026 and payment scheduled for 17 April 2026, signalling continued capital returns to shareholders and confidence in the company’s financial position.
The announcement indicates that no additional regulatory or shareholder approvals are required before payment, simplifying the timetable for distribution. This regular half‑yearly payout underlines MAAS Group’s commitment to a consistent dividend policy, which may support investor sentiment and underscore the company’s stability in the infrastructure‑linked sector.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings has reported a 26% increase in underlying NPAT for the first half of FY26 compared with the prior corresponding period, reflecting strong operational performance and disciplined capital allocation. The company has upgraded its FY26 underlying EBITDA guidance to a range of $250 million to $280 million, underpinned by robust returns on capital since listing and a growing electrical project pipeline.
The planned sale of its construction materials (CM) business to Heidelberg is progressing, with settlement expected in the second half of calendar 2026, subject to regulatory and shareholder approvals. This transaction, together with historically strong returns on capital at both the CM and group levels, suggests a substantial capital recycling opportunity that could reshape MAAS Group’s portfolio and support future infrastructure-focused growth.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings reported strong growth for the half-year ended 31 December 2025, with revenues from ordinary activities rising 34.9% to $639.3 million and underlying revenue up 32.5% to $607.7 million. Underlying EBITDA increased 21.4% to $115.3 million, while profit after tax attributable to owners climbed 21.1% to $37.9 million, reflecting improved operating performance.
Earnings per share also strengthened, with basic EPS increasing to 10.5 cents and underlying basic EPS to 11.2 cents, supported by a higher net tangible assets backing of 177.77 cents per share. These results indicate solid balance sheet support and enhanced shareholder value, suggesting the company is consolidating its financial position and improving returns for investors over the period.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings Ltd. has provided an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid shares under code MGH. The latest daily update, dated 11 February 2026, reports that a total of 2,433,586 shares had been repurchased before the previous day, with an additional 159,811 shares bought back on the prior trading day.
The ongoing buy-back activity signals that the company remains committed to its capital management strategy more than a year after the initial program notification on 3 February 2025. Regular daily disclosures of buy-back volumes enhance transparency for investors and may affect the stock’s liquidity and ownership structure as MAAS Group incrementally reduces its shares on issue through these market purchases.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
Maas Group Holdings has disclosed a change in managing director Wesley Jon Maas’s indirect interests in the company’s securities, reflecting additional holdings across several family-related entities and custodial arrangements. The transaction saw Maas acquire 61,873 performance rights under the company’s long-term incentive plan and 150,000 fully paid ordinary shares for about $646,500, lifting his total beneficial interest to 178,908,133 ordinary shares and 247,156 performance rights and reinforcing his substantial alignment with shareholders.
The rebalancing and increase in Maas’s stake, spread through trusts, nominee structures, and financing arrangements, underscores continued insider confidence in the group’s prospects and may be interpreted by investors as a positive signal on future performance. While there were no disposals in this notice, the expanded exposure of the founding family further consolidates control and could influence perceptions of governance, capital management, and long-term strategic direction among stakeholders.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings Ltd. is an ASX-listed company whose ordinary fully paid shares trade under the ticker MGH, reflecting its role as a publicly listed industrial business in the Australian market. The company’s capital structure is actively managed through transactions in its listed equity.
MAAS Group has provided an updated daily notification of its on-market share buy-back, confirming that a total of 2,255,862 shares had been repurchased prior to the latest reporting day and a further 177,724 shares were bought back on the previous day. The continued execution of the on-market buy-back, first notified in early February 2025, signals ongoing capital management efforts that may influence share liquidity and shareholder value over time.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its on-market share buy-back of ordinary fully paid shares. The company reported that a total of 1,884,437 securities had been repurchased prior to the previous trading day, with an additional 371,425 shares bought back on the previous day.
The update forms part of the company’s ongoing daily buy-back reporting, reflecting active capital management in its listed equity. This continued execution of the buy-back program may signal management’s confidence in the company’s valuation and can affect share liquidity and ownership structure for existing investors.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest update dated 6 February 2026, the company has repurchased a cumulative total of 1,642,271 shares prior to the previous trading day and a further 242,166 shares on the previous day, signalling an active capital management strategy that may support earnings per share and reflect board confidence in the company’s valuation, with potential implications for existing shareholders through a reduced share count.
The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.04 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
Maas Group Holdings Limited has agreed to sell its Construction Materials division, including related subsidiaries and assets such as Nationwide Machinery Sales and Yatala Quarry, to Heidelberg Materials Australia for up to $1.703 billion in cash, including $120 million of contingent consideration linked to post-completion performance. The deal, which is subject to regulatory and shareholder approvals and expected to complete in the second half of 2026, will see about 1,140 employees transfer to Heidelberg under a structured transition and long-term leaseback of certain freehold land, and is positioned by Maas as a value-realisation and capital-recycling move that will allow it to refocus and redeploy funds into higher-return growth opportunities in digital infrastructure, electrification and energy-transition assets while potentially enabling future capital returns to shareholders.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings has issued 823,391 unquoted performance rights under its employee incentive scheme, with these securities subject to transfer restrictions and not quoted on the ASX until those restrictions lapse. The move underscores the company’s continued use of equity-based remuneration to align staff incentives with longer-term company performance and shareholder interests.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
MAAS Group Holdings Limited has announced a new on-market share buy-back of its ordinary fully paid shares (ASX code: MGH). The program signals management’s intention to actively manage its capital structure and may provide support for the company’s share price, with potential implications for shareholder value depending on the scale and timing of the buy-back.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
Maas Group Holdings has secured Board approval to extend its existing on‑market share buyback program, allowing the company to repurchase up to 10% of its issued ordinary share capital for a further 12 months. The extension is aimed at enhancing sustainable returns on equity for shareholders and signals the Board’s confidence in the company’s operational performance and capital strength, with the pace and scale of buybacks to be adjusted in line with share price movements, market conditions and MGH’s capital position over the coming year.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
Perpetual Limited and its related bodies corporate have notified Maas Group Holdings Limited that they have ceased to be a substantial shareholder in the company as of 6 January 2026, under the disclosure requirements of the Corporations Act. The change, formalised in a substantial holder notice lodged by Perpetual’s company secretary, indicates a reduction in Perpetual’s voting interest below the substantial holding threshold, potentially altering the company’s institutional investor base and signalling a shift in the composition of major shareholders that stakeholders may monitor for its implications on governance and market perception.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
Maas Group Holdings’ electrical infrastructure subsidiary JLE Group has secured an agreement worth about $200 million with Firmus Technologies to supply, deliver and install turnkey modular electrical infrastructure, including Firmus “PowerCube” solutions and associated high-voltage systems, for a 100MW AI factory cluster in Launceston scheduled for progressive delivery through 2026. The deal significantly expands JLE’s forward workload, deepens Maas Group’s position in the fast-growing AI and digital infrastructure sector, and underpins expected earnings growth over the near to medium term, while the parties are also collaborating on a potential staged rollout of more than 500MW of additional AI factory capacity in Tasmania by 2028, reinforcing Maas Group’s role as a key domestic partner in Australia’s sovereign AI infrastructure build-out.
The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.45 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.