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MLG Oz Limited (ASX:MLG)

ALERT: Price-sensitive ASX Announcement for MLG
Current share price for MLG : $0.780 0 (0%)+
Announcement
Release
20 Aug 2026 8:37AM
Price at Release
$0.780
Full Release
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Summary
MLG Oz Limited, an integrated mining services and resource asset management company based in Kalgoorlie, reported strong financial performance for the fiscal year ending June 30, 2026. Statutory revenue rose by 3.4% to $567 million, and net profit after tax increased by 19.2% to $14.5 million. The company's strong results were attributed to consistent operational performance across its core haulage and site services portfolio, improved margins, and a strategic focus on cost control and productivity. MLG's investment in fleet efficiency and the transition to owned equipment aimed at reducing hire costs were highlighted as key strategies for future margin improvement. Entering FY2027, MLG is positioned well with a robust pipeline of recurring work and new contracts, as well as a strategic leadership structure to support growth.
Key Points
  • Statutory revenue increased to $567 million.
  • Net profit after tax grew by 19.2% to $14.5 million.
  • MLG focused on cost control and productivity improvements.
  • Invested approximately $8.5 million in fleet efficiency.
  • New commercial terms agreed with Newmont for Tanami Operations.
  • Strong portfolio of recurring work and continued demand supports FY2027 outlook.
  • Strategic leadership changes to enhance growth and accountability.
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.