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Company Interview / They're gonna need a bigger ute

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They're gonna need a bigger ute

Company Interview30 Oct, 2025

Mader Group (ASX:MAD), founded out of a mechanic's ute in the Kimberley 20 years ago, has grown into a global leader in heavy equipment maintenance with a market capitalisation nearing $2 billion. The North American market is especially promising, with twice as much equipment operating compared to Australia and EBITDA margins reaching 20% compared to 12% domestically. Diversification across commodities—iron ore, gold, coal, and energy—helps buffer against market fluctuations, while the company’s flexible service model ensures continued demand

Mader's CEO and CFO spoke with ausbiz on the sidelines of the TIP Group Emerging Wealth Winners small caps conference. Key topics:

Aocus on culture, flexibility, and talent developmentNorth American expansion outpacing expectations, high margins notedDiversification across commodities and service lines provides resilienceRobust safety and management systems underpin global growth

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They're gonna need a bigger ute - Ausbiz Capital