Half Year Results Announcement

• Underlying Revenue of $607.7m up 33% on pcp
• Underlying EBITDA of $115.3m up 21% on pcp
• Upgraded FY26 Guidance: Underlying EBITDA of $250m-$280m

Maas Group Holdings ('MGH' or 'the Company') today announced its financial results for the half year ended 31 December 2025 (1H26). MGH delivered strong results from both the Construction Materials portfolio as well as the remaining businesses which are well positioned to benefit from structural growth across electrical infrastructure, energy transition and digital infrastructure investment. Construction Materials delivered strong performance in 1H26 with Underlying EBITDA of $62.2m up 38% on pcp. Civil Construction and Hire (CC&H) Underlying EBITDA of $34.1m was up 66% on pcp, driven by improved utilisation of plant and equipment and strong margins in the Group's Electrical operations. Commercial Real Estate Underlying EBITDA, excluding fair value gains, was lower than the comparative period. Residential Real Estate Underlying EBITDA of $10.1m was up 39% on pcp, driven by increased land settlements and improved housing revenue. The Board has approved an interim dividend of 3.5 cents per share fully franked. MGH has upgraded its FY26 Underlying EBITDA guidance to the range of $250m-$280m.

Upgraded FY26 Guidance: Underlying EBITDA of $250m-$280m

Factors affecting the FY26 guidance and outlook include: the Construction Materials businesses included in the announced divestment to HMA will continue to contribute to Group FY26 earnings; contribution from non-CM businesses is expected to be in the range of $120m-$140m EBITDA; normalised weather outlook; stable competitive intensity; residential settlements expected to be in the range of 240-260 units; and the Firmus contract with JLE commencing and expected to significantly contribute to CC&H in 2H26 and FY27.