Australia's Maas Group soars after Firmus investment and FY guidance hike

MAAS group

04/08/2026 03:19

** Shares of Maas Group MGH.AX rise as much as 9.7% to A$5.440, biggest intraday pct gain since May 8, 2025
** Co bags A$855 million ($599.61 million) electrical infrastructure contract, and raises full-year earnings guidance
** Co to buy a further A$300 million worth of shares in AI infrastructure firm Firmus
** YTD, shares down 1.1%


($1 = 1.4259 Australian dollars)

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