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Highlights

  • MGH’s 1HFY25 revenue rose by 0.27% YoY to AUD 473.94 million, up from AUD 472.65 million in 1HFY24.
  • The company recorded an EBITDA decline of 2.16% YoY to AUD 95.01 million in 1HFY25.
  • MGH to prioritise capital allocation and growth strategy toward Construction Materials and pursue strategic M&A to drive expansion.

Maas Group Holdings Limited (ASX:MGH) is an Australian company involved in supplying construction materials, equipment, and services, with a diversified presence in the civil and infrastructure sectors.

In the first half of financial year 2025 (1HFY25), the company’s revenue from ordinary activities increased by 0.27% YoY to AUD 473.94 million, up from AUD 472.65 million in 1HFY24, primarily driven by higher sales in concrete, asphalt, quarry products, and land inventory. However, underlying EBITDA decreased by 2.16% YoY to AUD 95.01 million, a drop from AUD 97.11 million in 1HFY24. Consequently, profit from ordinary activities after tax, attributable to the owner, dropped by 7.5% YoY to AUD 31.33 million compared to AUD 33.85 million in 1HFY24.

Business Update

Through an ASX update dated 5 June 2025, MGH stated that its construction materials operations are well-positioned to capitalise on economic growth, with significant room for expansion. Furthermore, the recent acquisitions of R&C (asphalt paving) and CER (recycling) have improved its integrated Melbourne Hub and opened new growth avenues or unlocked new growth potential.

Company Outlook

The company has reaffirmed its FY25 underlying EBITDA guidance in the range of AUD 215 to 245 million. The company anticipates generating more than AUD 100 million through asset recycling. MGH plans to focus its capital allocation and growth strategy on its Construction Materials segment while continuing efforts to streamline the broader group structure. It also intends to explore selective merger and acquisition opportunities to support its organic growth.

Share performance of MGH

MGH shares closed at AUD 4.22 on 16 June 2025, down 0.71% intraday. Over the past week, the stock slipped 1.17%, and for the month, it posted a decline of 4.95%. However, it has gained 7.38% in the past three months. The stock has edged up just 0.24% over the last twelve months.

52-week high of MGH is AUD 5.05, recorded on 2 December 2024, while the 52-week low is AUD 3.30, recorded on 7 April 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 16 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.