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Mastermyne Group Limited (ASX:MYE)

ALERT: Price-sensitive ASX Announcement for MYE
Current share price for MYE : $0.345 0.175 (102.94%)+
Announcement
Release
25 Feb 2026 9:45AM
Price at Release
$0.170
Full Release
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Summary
Mastermyne Group Limited reported its interim results for the first half of FY2026, highlighting a return to growth with improved margins after overcoming challenges in FY2025. The company achieved an underlying EBITDA of $8.3 million, increasing by 5% compared to the previous corresponding period and 41% from the second half of FY2025. The order book grew significantly to $441 million, up 79% from the previous year, and the company is poised for further growth with a $1 billion pipeline. Positive market conditions are bolstered by increased coal prices. Mastermyne divested its non-core MyneSight training business and extended its exclusive distribution for key products until 2047. The company continues to focus on safety, sustainability, and leveraging strategic client relationships to secure more contracts.
Key Points
  • Underlying EBITDA of $8.3 million for H1 FY2026.
  • Order book increased to $441 million.
  • Net cash position improved to $33.1 million.
  • Positive market outlook with a $1 billion pipeline.
  • Divestment of MyneSight training business.
  • Extension of exclusive distribution for critical products until 2047.
  • Focus on safety and sustainability initiatives.
  • Growth strategy includes both organic growth and potential acquisitions.
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.