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The Motley Fool Australia

Maas Group rallies after Firmus adds A$855 million in contracts and A$300 million equity investment

AI Market Summary
Maas Group Holdings announced A$855m of new data-centre contracts with Firmus plus a A$300m equity investment, lifting its electrical subsidiary's 18-month order book to A$1.2bn. Management raised full-year underlying EBITDA guidance to A$300–310m from A$250–280m, partly reflecting a fair-value uplift in its Firmus stake. The update implies near-term earnings and valuation re-rating pressure for the stock.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.06%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Maas Group Holdings Ltd (ASX: MGH) said data centre company Firmus will make an additional A$300 million equity investment and has awarded A$855 million in new contracts. The deals lift work-in-hand at its wholly owned electrical infrastructure unit, JLE Group, to A$1.2 billion scheduled for delivery over the next 18 months. Maas Group also raised its full-year underlying EBITDA guidance to A$300–A$310 million from A$250–A$280 million. Shares rose 8.1% to A$5.36.
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