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Mitchell Services Limited (ASX:MSV)

ALERT: Price-sensitive ASX Announcement for MSV
Current share price for MSV : $0.460 0.025 (5.75%)+
Announcement
Release
19 Feb 2026 9:11AM
Price at Release
$0.435
Full Release
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Summary
Mitchell Services Limited (ASX: MSV) announced strong financial results for the first half of FY26, with a significant 69% increase in EBITDA to $21.4 million and a profit after tax of $8.1 million, compared to a loss in the previous period. The company also reported a substantial improvement in operating cashflows and a net cash position. As part of its capital management strategy, the company declared a fully franked dividend of 4.00 cents per share, payable to shareholders on 17 March 2026. The company's focus remains on maximizing shareholder returns while reducing leverage, having extinguished net debt of $39 million since FY22.
Key Points
  • EBITDA increased by 69% to $21.4 million.
  • Profit after tax was $8.1 million versus a loss in 1H25.
  • Operating cashflows improved by 96%.
  • Net cash position of $7.2 million at 31 December 2025.
  • Declared a fully franked dividend of 4.00 cents per share.
  • Dividend payment date is 17 March 2026.
  • Focus on maximizing cash returns and reducing leverage.
  • Net debt reduced by $39 million since FY22.
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.