Maas Group signals profit expansion driven by electrical manufacturing
- Maas Group expects its electrical manufacturing division to become its primary profit driver by fiscal 2027.
- The company previously reported a 37% rise in fiscal 2026 underlying profit to a record $300.3 million.
- Maas Group plans to sell its construction materials business to fund ongoing infrastructure and energy projects.
Maas Group (ASX:MGH) expects its electrical manufacturing division to be the main driver of company profit for fiscal 2027 following strong earnings in key segments.
The updated outlook comes after a strong fiscal 2026 performance where underlying profit rose 37% to $300.3 million.
Wes Maas highlighted a $1.2 billion order book that provides strong earnings visibility for the segment.
The property segment supported this outlook by securing 200 residential land lots alongside $158.3 million in contracted property sales for the year.
The company stated that the planned sale of the construction materials business will significantly strengthen the balance sheet and free up cash to fund ongoing growth across key infrastructure and energy projects.
Following the announcement, the Maas Group share price was unchanged at $6.65.
The industrial services provider operates across multiple sectors, including property, infrastructure, and energy project development.
