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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.130 -0.01 (-7.14%)+
Announcement
Release
24 Jul 2026 10:01AM
Price at Release
$0.140
Full Release
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Summary
Mayfield Childcare Limited reported its Q2 FY26 results, highlighting a revenue decrease to $21.4 million from $22.4 million in the prior year due to lower occupancy rates. The underlying Centre EBITDA margin fell from 10.1% to 8.6%. Spot occupancy showed slight improvement, while the Centre Wage-to-Revenue Ratio improved reflecting better roster management. The company increased its drawings on existing facilities and commenced billing for its Mayfield 360 program, which is expected to contribute significantly to future revenue. Plans are in place to increase fees to recover costs and improve margins. The company is focused on operational improvements, occupancy growth, and maintaining strong customer advocacy.
Key Points
  • Revenue decreased due to lower occupancy.
  • Underlying Centre EBITDA margin declined.
  • Spot occupancy improved slightly.
  • Centre Wage-to-Revenue Ratio improved.
  • Increased drawings under existing facilities.
  • Mayfield 360 commenced billing.
  • Plans for fee increase to recover costs.
  • Focus on operational improvements and occupancy growth.
  • Strong customer advocacy maintained.
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.