MAAS Group Holdings (ASX:MGH) said its previously announced AU$200 million Firmus contract for a 100-megawatt Launceston AI factory is now about 35% complete, with delivery and commissioning on track within the year, according to a Monday Australian bourse filing.

The company said the previously disclosed sale of its construction materials business to Heidelberg Materials Australia for cash consideration of up to AU$1.7 billion is progressing well, with conditions precedent and regulatory workstreams advancing in line with expectations and settlement on track within the year.

MAAS Group and its syndicate of lenders have agreed to upsize the company's existing syndicated debt facility by AU$450 million to AU$1.18 billion, the filing added.

The company said it has entered into agreements with Bull Capital providing exposure to a portfolio of commercial property developments in the NSW Western Sydney Aerotropolis precinct, including secured debt financing of up to AU$625 million in respect of about 193 hectares of land within the precinct.

Fiscal year 2026 underlying EBITDA guidance has been reconfirmed at AU$250 million to AU$280 million, it added.

The company's shares fell 1% in recent Monday trade.