Australia's Maas Group jumps after FY profit rise; seeks to expand buyback

MAAS group

20/08/2026 03:41

** Shares of Maas Group MGH.AX rise as much as 10.1% to A$6.230, highest level since late June 2021
** Maas Group posts FY underlying NPAT of A$123.4 million($87.75 million), up 57% on pcp 
** Company says it will seek shareholder approval to increase its buyback capacity to 20% of issued capital
** MGH up 9% YTD


($1 = 1.4063 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))