diff --git a/CHANGELOG.md b/CHANGELOG.md
index c0b17f537..3b6c1ffd9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -25,6 +25,7 @@ This project uses the changelog in accordance with [keepchangelog](http://keepac
 - Added new standalone mode `HF_ST25_TEAROFF` to store/restore ST25TB tags with tearoff for counters (@seclabz)
 - Added `hf_mfu_ultra.lua` script enables restoring dump to ULTRA/UL-5 tags and clearing previously written ULTRA tags (@mak-42)
 - Fixed `hf mfu sim` to make persistent the counter increases in the emulator memory (@sup3rgiu)
+- Fixed `hf mf mad` to correctly display MAD version 2 card publisher sector (@BIOS9)
 
 ## [Blue Ice.4.20142][2025-03-25]
 - Added `des_talk.py` script for easier MIFARE DESFire handling (@trigat)
diff --git a/client/src/mifare/mad.c b/client/src/mifare/mad.c
index b5ab07897..d15b4f4b6 100644
--- a/client/src/mifare/mad.c
+++ b/client/src/mifare/mad.c
@@ -408,14 +408,14 @@ int MAD2DecodeAndPrint(uint8_t *sector, bool swapmad, bool verbose) {
         uint16_t aid = madGetAID(sector, swapmad, 2, i);
         if (aid < 6) {
             PrintAndLogEx(INFO,
-                          (ibs == i) ? _MAGENTA_(" %02d [%04X] %s") : " %02d [" _GREEN_("%04X") "] %s",
+                          (ibs == i + 16) ? _MAGENTA_(" %02d [%04X] %s") : " %02d [" _GREEN_("%04X") "] %s",
                           i + 16,
                           aid,
                           aid_admin[aid]
                          );
         } else if (prev_aid == aid) {
             PrintAndLogEx(INFO,
-                          (ibs == i) ? _MAGENTA_(" %02d [%04X] continuation") : " %02d [" _YELLOW_("%04X") "] continuation",
+                          (ibs == i + 16) ? _MAGENTA_(" %02d [%04X] continuation") : " %02d [" _YELLOW_("%04X") "] continuation",
                           i + 16,
                           aid
                          );
@@ -423,7 +423,7 @@ int MAD2DecodeAndPrint(uint8_t *sector, bool swapmad, bool verbose) {
             char fmt[80];
             snprintf(fmt
                      , sizeof(fmt)
-                     , (ibs == i) ?
+                     , (ibs == i + 16) ?
                      _MAGENTA_(" %02d [%04X] %s") :
                      " %02d [" _GREEN_("%04X") "] %s"
                      , i + 16