InvestSMART

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 9:10AM
Price at Release
$0.435
Full Release
download
Summary
The half-year financial report for Mitchell Services Limited for the period ending December 31, 2025, highlights a strong financial performance with significant improvements in profit and cash flows. The company reported a revenue increase to AUD 102.4 million, up 3% from the previous half-year, with a net profit of AUD 8.1 million compared to a loss in the previous period. The increase in revenue and profit is attributed to improved weather conditions, reduced delays, and the benefits from previous investments in projects. EBITDA grew by 68.5% to AUD 21.4 million, despite a non-cash impairment due to asset losses from a bushfire event, which is expected to be covered by insurance claims. Total assets increased slightly to AUD 114.3 million, while liabilities decreased to AUD 44.9 million. Equity improved to AUD 69.3 million. The company highlighted a strong operating cash flow of AUD 20.8 million, a significant jump from the prior period, reflecting efficient management of operating expenses.
Key Points
  • Revenue for the half-year was AUD 102.4 million, a 3% increase from the previous year.
  • Net profit for the period was AUD 8.1 million, compared to a loss in the previous period.
  • EBITDA increased by 68.5% to AUD 21.4 million, with an impairment loss due to bushfire damage.
  • Total assets increased to AUD 114.3 million.
  • Total liabilities decreased to AUD 44.9 million.
  • Equity improved to AUD 69.3 million.
  • Operating cash flow was strong at AUD 20.8 million.
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.