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Mitchell Services Limited (ASX:MSV)

ALERT: Price-sensitive ASX Announcement for MSV
Current share price for MSV : $0.530 0 (0%)+
Announcement
Release
24 Aug 2026 7:40AM
Price at Release
$0.530
Full Release
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Summary
Mitchell Services Limited announced its FY26 results, showcasing a significant financial improvement with a 67% increase in EBITDA to $42.8m, a profit after tax of $15.2m compared to $0.5m in FY25, and operating cash flows up by 107% to $37.4m. The company moved from a net debt position to a net cash position of $3.5m. A fully franked final dividend of 2.0c per share was declared, contributing to a total FY26 dividend of 6.0c per share. According to the Executive Chairman, Nathan Mitchell, the financial results were among the company's strongest, reflecting significant operating leverage in a strengthening rig market.
Key Points
  • FY26 results include EBITDA of $42.8m representing a 67% increase from FY25.
  • Profit after tax was $15.2m compared to $0.5m in FY25.
  • Operating cashflows improved by 107% from FY25 to $37.4m.
  • The company transitioned from a net debt position of $8.4m in FY25 to a net cash position of $3.5m.
  • A fully franked final dividend of 2.0c per share was declared.
  • Total FY26 dividends amounted to 6.0c per share.
  • FY26 delivered one of the strongest financial results in the company’s history.
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.