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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.150 -0.21 (-58.33%)+
Announcement
Release
30 Apr 2026 9:28AM
Price at Release
$0.360
Full Release
download
Summary
During the first quarter of fiscal year 2026, Mayfield Childcare Limited focused on operational stability and improving centre-level performance despite challenging sector conditions. The company reported a slight improvement in spot occupancy from 49% to 53% between early February and mid-April 2026. However, the overall revenue decreased from $21.4 million in Q1 FY25 to $19.9 million in Q1 FY26, partly due to constraints from the government's ECEC grant program and a decline in occupancy. The group's underlying Centre EBITDA remained stable at 5%, though the Group's overall EBITDA showed a loss of $0.8 million, consistent with the previous year's loss. The company also managed its short-term funding constraints, with a working capital facility drawn down to $4.8 million against a limit of $7.7 million. The report highlights operational improvements, investment in customer experience, and addressing sector challenges such as suppressed demand and macroeconomic pressures.
Key Points
  • Revenue decreased to $19.9M in Q1 FY26 from $21.4M in Q1 FY25.
  • Spot occupancy improved from 49% to 53% between February and April 2026.
  • Underlying Centre EBITDA remained stable at 5% year-on-year.
  • Net cash outflows from operating activities were $0.4 million.
  • Net cash inflows from financing activities were $1.0 million, driven by net drawdowns.
  • Mayfield Childcare Limited had a cash and cash equivalent balance of $0.2 million at the end of the quarter.
  • Short-term funding constraints are managed with a drawn working capital facility of $4.8 million.
  • Continued investment in customer experience and operational efficiency.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.