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Mitchell Services Limited (ASX:MSV)

ALERT: Price-sensitive ASX Announcement for MSV
Current share price for MSV : $0.485 -0.025 (-4.90%)+
Announcement
Release
21 Apr 2026 8:17AM
Price at Release
$0.510
Full Release
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Summary
Mitchell Services Limited delivered a robust quarterly performance in FY26 Q3, with an EBITDA of $11.2 million, representing a significant 110% increase from the same quarter in FY25. The quarterly EBT also showcased substantial growth, reaching $5.7 million. Revenue increased by 3.7% to $48.5 million, and operating cash flow turned positive, reflecting the company's improved financial health. The company's balance sheet remains strong despite an $8.5 million dividend payment, with net debt at a modest $0.9 million. The company's year-to-date results show an 81% improvement in EBITDA, and its capital management strategy continues to optimize cash returns to shareholders while seizing growth opportunities. Additionally, Mitchell Services is expanding its client base in the Loop decarbonisation business.
Key Points
  • Mitchell Services Limited reported a strong quarterly performance with significant financial improvements.
  • FY26 Q3 EBITDA reached $11.2 million, a 110% increase from FY25 Q3.
  • The company achieved a quarterly EBT of $5.7 million, showing substantial growth compared to the previous year.
  • Revenue for FY26 Q3 was $48.5 million, marking a 3.7% increase from FY25 Q3.
  • Operating cash flow improved significantly to $4.3 million compared to a negative cash flow in the previous period.
  • The company paid an $8.5 million dividend while maintaining a strong balance sheet with net debt at $0.9 million as of March 2026.
  • Year-to-date results show an 81% improvement in EBITDA, with a total of $32.6 million.
  • Mitchell Services is executing a capital management strategy focusing on shareholder returns and growth opportunities.
  • The company is expanding its client base in its Loop decarbonisation business.
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.