MGH Secures Major Electrical Infrastructure Agreement
| Stock | Maas Group Holdings Ltd (MGH.ASX) |
|---|---|
| Release Time | 19 Dec 2025, 10:28 a.m. |
| Price Sensitive | Yes |
Maas Group Secures Major Electrical Infrastructure Agreement
- $200 million agreement with Firmus for 100MW Launceston AI Factory cluster
- Strengthens Maas Group's exposure to AI and digital infrastructure sector
- Potential for further 500MW+ AI factory capacity in Tasmania by 2028
Maas Group Holdings Limited (ASX: MGH) has announced that its wholly owned electrical infrastructure subsidiary, JLE Group ('JLE'), has entered into a $200 million agreement with Firmus Technologies (Firmus) for the delivery of turnkey modular electrical infrastructure for Firmus' first 100MW Launceston AI Factory cluster. The agreement incorporates the supply, delivery and installation of modular Firmus 'PowerCube' solutions and associated high voltage electrical infrastructure, with works expected to be delivered progressively over the course of calendar year 2026. This agreement represents a significant milestone for both Maas Group and JLE, demonstrating JLE's capability to deliver large-scale, complex electrical infrastructure projects for next-generation data centres and AI-related workloads. The Project further strengthens Maas Group's exposure to the rapidly growing AI and digital infrastructure sector and supports the continued expansion of JLE's modular and prefabricated electrical solutions platform. In addition to the initial 100MW Launceston cluster, Maas Group and JLE are also working with Firmus in relation to the potential staged rollout of a further 500MW+ AI factory capacity in Tasmania, targeted to be delivered by the end of 2028, subject to final investment decisions, planning approvals and contractual arrangements.
The Group's previously announced FY26 EBITDA guidance range of $240 million to $275 million remains unchanged. As the Project delivery program is confirmed, the Group expects to gain increased visibility over the timing and allocation of earnings between FY26 and FY27 and will update the market as appropriate.
This agreement substantially increases JLE's forward workload and is expected to provide increased earnings for the Group over the near and medium term.