MADER GROUP LIMITED

ASX:MADCommercial & Professional Services

211.4M shares on issueASX (delayed) · snapshot 28 Oct 2026211.4M fully diluted+0.0% if every option and right converts$6.16price · delayed$1.30BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Minimal

Dilution risk

No major dilution pressure signals in current disclosures

Absolute levels — not a ranking against other companies.

Cash runwaycash-generative (no net burn)

Share-count growth (24m)4.7%

Raise cadence (24m)0 cash raises

Options & rights overhang0.0% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

MADER GROUP LIMITED's ordinary share count was 211M as of October 2026, up 4.7% from September 2024. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months. No options or rights on issue are recorded in this filing. The most recent cash report shows non-negative net cash flow, so no funding-runway estimate is applicable. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026

Quick answers · 2

How much placement capacity does MAD have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much has MAD's share count grown?

Mader Group has 211.4M shares on issue as at 28 Oct 2026, up 4.7% over 24 months according to its Appendix 2A filings.

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0.0%

Options & rights overhang

0.0%

In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply

Raises · last 12 months

No net burn

Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 211.4M per ASX (delayed) (snapshot 28 Oct 2026).

Cash runway

—

The latest annual report shows no net cash burn, so there is no cash-out date.

$39.5M cash after burn · operating cash flow only.

FILED $39.5M cash · year ended 30 June 2026

OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$39.5M cash at 30 Jun 2026 = $39.5M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.

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1 cash report on record — Cash runway history

Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.

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Issuance timeline

Latest 3 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

Date	Form	Security	On issue, per this filing	Source
2 Oct 2026	2A · quoted issue	MAD : ORDINARY FULLY PAID	211.4M	Appendix 2A
5 Sept 2025	2A · quoted issue	MAD : ORDINARY FULLY PAID	203.5M	Appendix 2A
3 Sept 2024	2A · quoted issue	MAD : ORDINARY FULLY PAID	201.9M	Appendix 2A

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3 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class

How the share count and each option and rights class moved, month by month, with every number in a table.

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Capital raises

No equity raises in the last 24 months.

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Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).

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Placement capacity — LR 7.1 / 7.1A

The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.

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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

No options or rights over unissued shares on record.

1 class ceased in the last 12 months

The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.

MADAACondition-triggered8.0M securities → 02 Oct 2026 Appendix 2A

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
2 Oct 2026	Justin Nuich	Other incentive	1.5M	—	1.5M	—	3Y notice
27 Aug 2026	Justin Nuich	Buy on-market	3k	—	1.5M	—	3Y notice
24 June 2026	Justin Nuich	Other off-market	1.2M	1.5M	—	—	3Y notice