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Mader Group releases its FY23 Full Year Results

Mader Group (ASX: MAD) are pleased to provide our operational and financial results for the full year ended 30 June 2023, showing a 51% revenue increase on FY22.

22nd August 2023

Mader Group releases its FY23 Full Year Results

Mader Group are pleased to provide their operational and financial results for the full financial year, ending June 30th 2023.

Mader reported a record annual revenue of $608.8 million, delivering a 51% increase from $402.1 million in FY22.

Net Profit After Tax was reported at $38.5 million, a 48% increase from $26.0 million in FY22.

Executive Director and Chief Executive, Justin Nuich commented on the Group’s FY23 performance.

“Our performance throughout the year was record breaking, something we as a team are very proud of.”

“Currently providing services across eight countries, we extended support to over 380 customers across more than 530 locations; reflective of our strategy to expand our service offerings across industry verticals and into new geographies.”

“Our people are the cornerstone of our operations, and I’d like to thank them for their efforts throughout the year.”

“Heading into FY24, we are poised to further penetrate large addressable markets, driven by our culture-led business model and dedicated team,” said Mr Nuich.

The exponential growth in revenue and profit of Mader is driven by:

Continued strong customer demand for core mechanical and ancillary services despite skilled labour shortages.
Expansion throughout North America and into Canada, providing specialist services to 32 states and five provinces.
Significant investment in the culture of our business, keeping our team engaged, motivated and safe.

Access the FY23 Full Year Results Announcement here >>>

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