MAAS Group Holdings Ltd (ASX:MGH) FY25 Earnings Call: Key Takeaways on Record EBITDA and Strategic Initiatives

Financial Performance: MAAS Group Holdings Ltd reported a record EBITDA of $219.4 million for FY25, marking a 6% year-over-year growth, with construction materials revenue increasing by 38%.

Cash Flow and Assets: The company achieved a cash flow conversion rate of 97%, the highest in five years, while tangible assets grew to $1.7 billion, reflecting strong working capital management.

Challenges in Civil Construction: The civil construction and hire division faced significant challenges, including project delays and a 35% decline in performance, impacting overall return on capital employed which decreased from 13% to 11%.

Future Outlook: The CEO expressed confidence in achieving similar EBITDA levels to FY24 for the civil construction segment and expects around 250 residential land settlements in FY26, indicating at least 20% growth from the previous year.