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Driven by sustained strong demand and continued expansion of our service lines across the globe, we have reported a record half year revenue of $185.2m.
Key highlights include the launch of two organic start-ups, Mader Canada and Mader Energy, which both delivered first revenue in the period, and are set to target significant maintenance markets across North America.
In Australia, our operations delivered $160.2m in revenue, attributed to sustained strong demand for our core service offerings, as well as strong performances within our ancillary and infrastructure maintenance divisions.
Impressively, our infrastructure maintenance division reported a 70% increase in revenue versus the prior half year. Expanding its geographical focus, we’re now proud to be delivering services in four states; Western Australia, Queensland, South Australia and the Northern Territory.
Responding to increasing demand in our Perth maintenance workshop, we’re excited to announce that we’ve secured a custom-built 3,400m2 facility, which is due for completion in mid-2022.
Executive Director and Chief Executive Officer, Justin Nuich said that the results are a reflection of continued delivery against the Group’s strategic priorities.
‘’We continued to see an expansion in our traditional service offerings and are excited by the early success of new growth platforms introduced in recent years.’’
I would also like to acknowledge the extraordinary efforts of the Mader team for taking on challenges and embracing new opportunities.’’
A 2.0 cents fully franked interim dividend has been confirmed for activities during the first half. This is an increase from dividends paid previously, at 1.5 cents per share fully franked.
Based on continued growth in customer demand across the global mining industry, we were pleased to upgrade our FY22 guidance in January to revenue of at least $370m, delivering a forecast NPAT of at least $24m.
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