Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Feb 25
Maas Group Holdings Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on April 17, 2026 MAAS Group Holdings Limited has announced a new distribution in respect of its ordinary fully paid shares for the six months ended December 31, 2025. The announcement was made on 24 February 2026. The distribution amount is AUD 0.035 per share. The ex-date for the distribution is 31 March 2026, and the record date is 1 April 2026. The payment date has been fixed as 17 April 2026. Duyuru • Feb 17
MAAS Group Holdings Limited to Report First Half, 2026 Results on Feb 24, 2026 MAAS Group Holdings Limited announced that they will report first half, 2026 results on Feb 24, 2026 Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Aug 27
MAAS Group Holdings Limited, Annual General Meeting, Oct 22, 2025 MAAS Group Holdings Limited, Annual General Meeting, Oct 22, 2025. Declared Dividend • Aug 23
Final dividend of AU$0.035 announced Dividend of AU$0.035 is the same as last year. Ex-date: 17th September 2025 Payment date: 2nd October 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 15% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 23
MAAS Group Holdings Limited Approves Final Dividend for the Full Year Ended June 30, 2025, Payable on October 02, 2025 MAAS Group Holdings Limited has approved a final dividend of 3.5 cents per share fully franked. This increases the full year dividend per share to 7.0 cents which represents an 8% increase on the prior year and in line with the company's dividend payout ratio target of 20-40% of Cash NPAT. Record date is September 18, 2025. Ex-date is September 17, 2025. Payment date is October 02, 2025. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: AU$0.21 (vs AU$0.22 in FY 2024) Full year 2025 results: EPS: AU$0.21 (down from AU$0.22 in FY 2024). Revenue: AU$1.04b (up 14% from FY 2024). Net income: AU$72.0m (down 1.4% from FY 2024). Profit margin: 6.9% (down from 8.0% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Aug 14
MAAS Group Holdings Limited to Report Fiscal Year 2025 Results on Aug 21, 2025 MAAS Group Holdings Limited announced that they will report fiscal year 2025 results on Aug 21, 2025 Duyuru • Mar 26
MAAS Group Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 27.850003 million. MAAS Group Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 27.850003 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,989,248
Price\Range: AUD 4.65
Transaction Features: Subsequent Direct Listing Duyuru • Feb 12
MAAS Group Holdings Limited to Report First Half, 2025 Results on Feb 20, 2025 MAAS Group Holdings Limited announced that they will report first half, 2025 results on Feb 20, 2025 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 10
Upcoming dividend of AU$0.035 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (3.8%). Duyuru • Aug 29
MAAS Group Holdings Limited, Annual General Meeting, Oct 24, 2024 MAAS Group Holdings Limited, Annual General Meeting, Oct 24, 2024. Declared Dividend • Aug 23
Final dividend of AU$0.035 announced Shareholders will receive a dividend of AU$0.035. Ex-date: 17th September 2024 Payment date: 2nd October 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 21% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 22
MAAS Group Holdings Limited (ASX:MGH) acquired Economix Concrete Pty Ltd. MAAS Group Holdings Limited (ASX:MGH) agreed to acquire Economix Concrete Pty Ltd on April 2024. Transaction is expected to be completed on end of May 2024.
MAAS Group Holdings Limited (ASX:MGH) completed the acquisition of Economix Concrete Pty Ltd in 2024. Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0.22 (vs AU$0.21 in FY 2023) Full year 2024 results: EPS: AU$0.22 (up from AU$0.21 in FY 2023). Revenue: AU$911.4m (up 13% from FY 2023). Net income: AU$73.0m (up 12% from FY 2023). Profit margin: 8.0% (down from 8.1% in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Aug 14
MAAS Group Holdings Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 MAAS Group Holdings Limited announced that they will report fiscal year 2024 results on Aug 21, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$4.87, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Construction industry in Australia. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$9.14 per share. Upcoming Dividend • Feb 29
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 16
First half 2024 earnings released: EPS: AU$0.10 (vs AU$0.077 in 1H 2023) First half 2024 results: EPS: AU$0.10 (up from AU$0.077 in 1H 2023). Revenue: AU$476.6m (up 34% from 1H 2023). Net income: AU$33.8m (up 43% from 1H 2023). Profit margin: 7.1% (up from 6.7% in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 13
MAAS Group Holdings Limited to Report First Half, 2024 Results on Feb 15, 2024 MAAS Group Holdings Limited announced that they will report first half, 2024 results on Feb 15, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.03 per share at 1.8% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (3.6%). Duyuru • Sep 02
MAAS Group Holdings Limited, Annual General Meeting, Oct 27, 2023 MAAS Group Holdings Limited, Annual General Meeting, Oct 27, 2023. Duyuru • Aug 17
MAAS Group Holdings Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 29, 2023 MAAS Group Holdings Limited announced ordinary dividend of AUD 0.03000000 for the six months ended June 30, 2023. The dividend is payable on September 29, 2023 with record date of September 14, 2023 and ex-date of September 13, 2023. Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: AU$0.21 (vs AU$0.21 in FY 2022) Full year 2023 results: EPS: AU$0.21. Revenue: AU$813.3m (up 57% from FY 2022). Net income: AU$65.5m (up 6.3% from FY 2022). Profit margin: 8.0% (down from 12% in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Construction industry in Australia. Duyuru • Aug 10
MAAS Group Holdings Limited to Report Fiscal Year 2023 Results on Aug 17, 2023 MAAS Group Holdings Limited announced that they will report fiscal year 2023 results on Aug 17, 2023 New Risk • Jul 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Duyuru • Jul 04
Maas Group Holdings Limited Announces Retirement of Stewart Butel as Director Maas Group Holdings Limited advises of the intended retirement of Mr. Stewart Butel from the MGH Board, to take effect 31 July 2023. Mr. Butel was appointed to the MGH Board in November 2020 as part of the IPO. During his time on the MGH Board, Mr. Butel has served as the Chair of the Health, Safety, and Environment Committee, and Chair of the Related Party Committee. Upcoming Dividend • Mar 08
Upcoming dividend of AU$0.03 per share at 2.5% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (4.4%). Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.077 (vs AU$0.052 in 1H 2022) First half 2023 results: EPS: AU$0.077 (up from AU$0.052 in 1H 2022). Revenue: AU$366.0m (up 86% from 1H 2022). Net income: AU$23.7m (up 62% from 1H 2022). Profit margin: 6.5% (down from 7.4% in 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Construction industry in Australia. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 1 independent director (5 non-independent directors). MD, CEO & Director Wes Maas is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director David Keir was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$2.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Construction industry in Australia. Total loss to shareholders of 55% over the past year. Board Change • Sep 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. MD, CEO & Director Wes Maas is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.