Mader Group Limited (OTCPK:MADGF) Q2 2025 Results Conference Call February 24, 2025 7:00 PM ET
Company Participants
Justin Nuich – Chief Executive Officer
Paul Hegarty – Chief Financial Officer
Justin Nuich
Thanks very much, Jester, and good morning, everyone, and welcome to Mader Group’s half year results for FY ’25 first half. With me today is our Chief Financial Officer, Paul Hegarty. With the first half of FY ’25 completed, we’re proud to have delivered another record half year revenue of $411.5 million, an increase of 10% versus the PCP. Despite some challenges, which I’ll talk about a little later on, the key highlights for this result today are: a continued net headcount growth of approximately 300 over the last 6 months; a record revenue result with stable margins; a return to net headcount growth in North America, in particular, where we closed the half year out at a record headcount of 530 personnel; excellent cash flow conversion with a clear pathway to a net cash position in the next 12 months; and a very bright outlook for the second half and beyond. So with that said, let’s jump into it.
For those who are unfamiliar with our journey, Mader was founded back in 2005 by our Executive Chairman, Luke Mader, identifying an underserviced niche in the industry. Luke started providing flexible maintenance solutions to customers with no more than a single [indiscernible], or truck for our North American shareholders on the call, some tools and a vision. 20 years on, that vision has come to life. Today, Mader is a diversified global business, delivering technical services across multiple industries, across 9 different countries, backed by a global team of 3,500-plus people with diverse skill sets. In the half, we’re proudly supported by over 400 customers working on more than 540 locations across the globe.
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