Mader Group (MAD) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of AUD 485.2 million (up 18% year-over-year from AUD 411.5 million), positioning the business to reach its AUD 1 billion annual revenue target for FY 2026.

• Net profit after tax rose 17% to AUD 30.5 million, maintaining a 6.3% margin and reflecting strong operational performance.

• Workforce expanded by over 250 net new hires, with more than 4,100 specialists supporting 490+ customers globally.

• Strategic plan execution remains on track, focused on geographical and service line diversification, with continued momentum in Australia, North America, and new markets.

• Net debt reduced to AUD 3.6 million from AUD 8.3 million at 30 June 2025, reflecting strong cashflow conversion.

Financial highlights

• Revenue increased 18% year-over-year to AUD 485.2 million for the half year.

• EBITDA grew to AUD 56.2 million from AUD 51.5 million, with margin at 11.6%.

• Earnings per share rose 16% to 15.02 cents.

• Net debt reduced by 57% to AUD 3.6 million; net leverage at 0.03x annualised EBITDA.

• Free cash flow increased to AUD 15.8 million, marking the sixth consecutive half of positive free cash flow.

Outlook and guidance

• FY 2026 guidance reaffirmed: targeting AUD 1 billion in revenue and at least AUD 65 million NPAT.

• Strong demand and robust pipelines in all regions, especially North America and Australia.

• Strategic plan execution on track, with a new five-year plan to be released before end of financial year.

• Targeting a net cash position by FY26.

• Ongoing business growth initiatives and a consistent dividend payout ratio are expected to be maintained.