Australia's Maas Group hits record high on upbeat FY results

MAAS group

24/09/2026 03:59

** Shares of Maas Group MGH.AX rise as much as 6.8% to A$6.870, hitting record high
** Stock logs three straight session of gains
** Real estate firm reports FY26 net profit of A$136.1 million ($95.60 million), up 89% from A$72.0 million a year earlier
** Adds, underlying EBITDA rose 37% to A$300.3 million, despite project delays and weather-related disruptions
** Co expects the proposed sale of its Construction Materials division for up to A$1.7 bln to strengthen its balance sheet and support investment in AI infrastructure
** YTD, stock up 22.3%


($1 = 1.4237 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))