Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). CEO & Executive Director Justin Nuich was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). CEO & Executive Director Justin Nuich was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Feb 25
Mader Group Limited Reaffirms Earning Guidance for the Fiscal Year 2026 Mader Group Limited reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expects revenue to be at least $1 billion, delivering at least $65 million of NPAT. Duyuru • Feb 10
Mader Group Limited to Report First Half, 2026 Results on Feb 24, 2026 Mader Group Limited announced that they will report first half, 2026 results on Feb 24, 2026 Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). CEO & Executive Director Justin Nuich was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Sep 05
Mader Group Limited, Annual General Meeting, Oct 31, 2025 Mader Group Limited, Annual General Meeting, Oct 31, 2025. Location: hkew alpha building, 2 george wiencke drive, perth airport, wa 6105 Australia Declared Dividend • Aug 28
Final dividend increased to AU$0.048 Dividend of AU$0.048 is 20% higher than last year. Ex-date: 18th September 2025 Payment date: 3rd October 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.8%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 45%. Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: AU$0.28 (vs AU$0.25 in FY 2024) Full year 2025 results: EPS: AU$0.28 (up from AU$0.25 in FY 2024). Revenue: AU$872.2m (up 13% from FY 2024). Net income: AU$57.1m (up 13% from FY 2024). Profit margin: 6.6% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Australia. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Founder & Executive Chairman Luke Mader was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 12
Mader Group Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Mader Group Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 Duyuru • Feb 11
Mader Group Limited to Report First Half, 2025 Results on Feb 25, 2025 Mader Group Limited announced that they will report first half, 2025 results on Feb 25, 2025 Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Founder & Executive Chairman Luke Mader was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Founder & Executive Chairman Luke Mader was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 24
CEO & Executive Director recently sold AU$575k worth of stock On the 21st of October, Justin Nuich sold around 100k shares on-market at roughly AU$5.75 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Justin has been a net seller over the last 12 months, reducing personal holdings by AU$505k. Upcoming Dividend • Sep 12
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AU$5.29, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Commercial Services industry in Australia. Total returns to shareholders of 389% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$10.53 per share. Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0.25 (vs AU$0.19 in FY 2023) Full year 2024 results: EPS: AU$0.25 (up from AU$0.19 in FY 2023). Revenue: AU$774.5m (up 27% from FY 2023). Net income: AU$50.4m (up 31% from FY 2023). Profit margin: 6.5% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 16
Mader Group Limited, Annual General Meeting, Oct 11, 2024 Mader Group Limited, Annual General Meeting, Oct 11, 2024. Location: hkew alpha building, 2 george wiencke drive, perth airport, wa 6105, perth Australia Duyuru • Aug 06
Mader Group Limited to Report Fiscal Year 2024 Results on Aug 20, 2024 Mader Group Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 20, 2024 Recent Insider Transactions • Jun 23
Founder & Executive Chairman recently sold AU$61m worth of stock On the 19th of June, Luke Mader sold around 10m shares on-market at roughly AU$6.15 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Luke's only on-market trade for the last 12 months. Upcoming Dividend • Mar 13
Upcoming dividend of AU$0.038 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.12 (vs AU$0.088 in 1H 2023) First half 2024 results: EPS: AU$0.12 (up from AU$0.088 in 1H 2023). Revenue: AU$374.4m (up 34% from 1H 2023). Net income: AU$24.3m (up 38% from 1H 2023). Profit margin: 6.5% (up from 6.3% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
Mader Group Limited to Report First Half, 2024 Results on Feb 20, 2024 Mader Group Limited announced that they will report first half, 2024 results on Feb 20, 2024 Duyuru • Nov 01
Mader Group Limited Reaffirms Earnings Forecast for Fiscal Year 2024 Mader Group Limited reaffirmed earnings forecast for Fiscal year 2024. For the year, the company reported the compounding effect of additional revenue streams coupled with a robust market outlook and sustained operational discipline, provides Mader with the confidence to reaffirm forecast FY24 guidance of at least $770 million revenue and at least $50 million NPAT. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$6.71, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Commercial Services industry in Australia. Total returns to shareholders of 637% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$12.00 per share. Duyuru • Sep 29
Mader Group Limited, Annual General Meeting, Nov 23, 2023 Mader Group Limited, Annual General Meeting, Nov 23, 2023, at 09:00 W. Australia Standard Time. Location: Hkew Alpha Building 2 George Wiencke Drive Perth Airport Western Australia Australia Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to AU$6.24, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Commercial Services industry in Australia. Total returns to shareholders of 651% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$11.33 per share. Upcoming Dividend • Sep 12
Upcoming dividend of AU$0.034 per share at 0.9% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 04 October 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Australian dividend payers (6.9%). Lower than average of industry peers (2.1%). Buying Opportunity • Jul 28
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be AU$8.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Duyuru • Jul 25
Mader Group Limited to Report Fiscal Year 2023 Results on Aug 22, 2023 Mader Group Limited announced that they will report fiscal year 2023 results on Aug 22, 2023 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$5.61, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Commercial Services industry in Australia. Total returns to shareholders of 588% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.86 per share. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$5.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Commercial Services industry in Australia. Total returns to shareholders of 578% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$6.04 per share. Board Change • Mar 31
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 Chairman Jim Walker was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
