Maas Group secures $855M infrastructure contract

• Maas Group secured an $855 million electrical infrastructure order from Firmus.
• The company upgraded its FY26 underlying EBITDA guidance to between $300 million and $310 million.
• Shares rose following the order and a further $300 million investment in Firmus.

Maas Group Holdings (ASX:MGH) has secured an $855 million modular electrical infrastructure order to supply Firmus over 18 months.

The deal lifts total work in hand for subsidiary JLE Group above $1.2 billion.

Maas Group raised its FY26 underlying EBITDA guidance range to between $310 million and $320 million.

The company noted continuing operations EBITDA will remain on target at $135 million.

Following the announcement, the Maas Group share price was up at $5.41.

Maas Group also agreed to buy a further $230 per share.

The transaction increases the company's total outlay in Firmus to $410 million for a 3.2% stake.