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MAAS Group Holdings Limited (ASX:MGH)

ALERT: Price-sensitive ASX Announcement for MGH
Current share price for MGH : $6.335 1.375 (27.72%)+
Announcement
Release
4 Aug 2026 11:05AM
Price at Release
$4.960
Full Release
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Summary
MAAS Group Holdings Limited (MGH) has provided a corporate update regarding the sale of their non-continuing business to Heidelberg Materials Australia, which is expected to yield approximately $115 million for FY26. The sale is valued at $1.703 billion, with $1.583 billion to be settled and an additional $120 million contingent on achieving commercial milestones, anticipated to finalize in October 2026. MGH has revised its earnings guidance based on preliminary unaudited financial estimates, and its continuing businesses in electrical, residential, and commercial real estate sectors are performing well. MGH is also increasing its investment in Firmus Grid Limited by acquiring additional shares, aiming to support its long-term strategy in digital infrastructure development. This update was authorized by the MGH Board, highlighting a focus on capital redeployment into next-generation infrastructure post-ACCC clearance for the sale of construction materials business.
Key Points
  • MGH expects $115 million contribution from non-continuing business for FY26.
  • Sale to Heidelberg Materials Australia valued at $1.703 billion.
  • Revised earnings guidance based on preliminary unaudited estimates.
  • Continuing businesses in electrical, real estate sectors performing well.
  • Increased investment in Firmus Grid Limited with additional share acquisition.
  • Focus on digital infrastructure development and capital redeployment.
  • ACCC clearance received for construction materials business sale.
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.