Record performance and strategic growth

Maas Group Holdings (ASX:MGH) has announced a record performance for the fiscal year 2024. The company reported strong profit growth and robust cash flow, driven by strategic asset recycling efforts. The Construction Materials and Civil Construction and Hire divisions significantly contributed to the results, with the company achieving a 27% year-on-year growth in Underlying EBITDA, reaching $207 million.

FY24 achievements and future outlook

Maas Group Holdings (ASX:MGH) delivered a robust performance in FY24, driven by strategic asset recycling and substantial organic growth. The company's Construction Materials and Civil Construction and Hire divisions were key contributors, accounting for approximately 70% of the Group's EBITDA. With a 27% growth in Underlying EBITDA, reaching $207 million, the company is poised for continued growth. Maas Group is focused on reinvesting in higher-return opportunities, particularly in the Construction Materials segment, and optimizing operational efficiencies. The company has set its FY25 Underlying EBITDA guidance at $215 million to $245 million, with expectations of generating over $100 million in cash proceeds from capital recycling. Maas Group remains committed to sustainability, diversity, and community engagement, positioning itself strongly for future growth and value creation.

Executive insights on FY24 achievements

Managing Director Wes Maas expressed confidence in achieving company goals and delivering value to stakeholders.