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MAAS Group Holdings Limited (ASX:MGH)

ALERT: Price-sensitive ASX Announcement for MGH
Current share price for MGH : $5.570 0.63 (12.75%)+
Announcement
Release
18 May 2026 9:54AM
Price at Release
$4.940
Full Release
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Summary
MAAS Group Holdings Limited (MGH) reconfirmed its FY26 underlying EBITDA guidance, maintaining expectations within A$250 million to A$280 million. Significant progress has been made on the A$200 million Firmus contract, with 35% completion and commissioning on track for 2026. The sale of their construction materials division to Heidelberg is advancing as planned, expecting completion in 2026 for up to A$1.703 billion, further strengthening MGH's financial position. Additionally, MGH has increased its syndicated corporate debt facility by A$450 million, bringing it to A$1.18 billion, and secured a financing arrangement for the Western Sydney Aerotropolis, providing up to A$625 million which enhances their strategic positioning in high growth areas.
Key Points
  • FY26 underlying EBITDA guidance reconfirmed at A$250 million – A$280 million.
  • First A$200 million Firmus contract is now 35% complete and on track for CY26 commissioning.
  • Sale of construction materials business to Heidelberg Materials is on track for CY26 settlement with proceeds up to A$1.703 billion.
  • Syndicated corporate debt facility upsized by A$450 million, totaling A$1.18 billion.
  • Secured debt financing of up to A$625 million for Western Sydney Aerotropolis.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.