Australian Securities Exchange-listed mining maintenance services company, Mader Group, is forecasting growth in sales and profitability in FY25 after reporting a 27% year-on-year uplift in revenue to A$774.5 million and 31% higher net profit for FY24.
Mader’s FY24 EBITDA of $99.2 million was up 32% yoy, while EBITDA margins improved from 12.3% to 12.8%.
FY24 NPAT was $50.4m and the company had net debt of $31.2m at the end of June this year.
Its 4c-a-share final fully franked dividend took FY24 dividends to 7.8c, up 34% yoy.
“Our performance this financial year highlights the business’ transformation into a diversified, global technical services provider,” Mader CEO Justin Nuich said.
“We now operate in more locations and serve a broader range of customers, across more industries than ever before.
“With record results of $774.5m in revenue and $50.4m in NPAT, this achievement marks a significant milestone for our business as we enter the final two years of our current five-year strategic plan.”
Mader said the outlook for FY25 was “strong across all markets”.
Revenue guidance for FY25 was “expected to be at least $870m, delivering an NPAT of at least $57m”.
Mader’s share price has dipped about 14% in the past month to $5.37, capitalising the company at circa-$1.07 billion.
