Mine maintenance service provider Mader Group says it is on track to achieve its FY2025 revenue and net profit targets of A$870 million and $57m, respectively, after delivering record half-year revenue of $411.5m, up 10% year-on-year.
Mader said higher revenue was delivered at a 13% EBITDA margin versus 6% in the prior corresponding period, generating EBITDA of $51.5m in FY25 H1. Net profit after tax was $26m.
“Operationally Australia continues to perform incredibly well with steady growth driven by customer demand for our core mechanical and other industry vertical services,” CEO Justin Nuich said. “Despite labour market instability early in the half conditions have since stabilised with a more positive outlook ahead. Our continued growth reinforces our position as a trusted maintenance partner across multiple sectors.
“In North America our operations returned to headcount growth in the half delivering average net headcount growth of about 15 per month. This was despite some residual challenges and uncertainty during the US election year. Canada continues to exceed our expectations with the Global Pathways Program mobilising a further c45 technicians into this region.”
Mader’s net debt was $23.2m at the end of December, 26% less than six months earlier. The company was aiming to be in a net cash position by early 2026 and has a FY26 revenue goal of “at least $1 billion”.
