Mastermyne Group Limited (ASX:MYE)

ALERT: Price-sensitive ASX Announcement for MYE

Current share price for MYE : $0.450 0.28 (164.71%)⁺

Announcement

FY2026 Interim Results Announcement

Release

25 Feb 2026 9:42AM

Price at Release

$0.170

Full Release

Summary

Mastermyne Group Limited reported strong financial results for the first half of FY2026, showing significant growth and improved margins. The company's underlying net profit after tax from continuing operations more than doubled to $4.1 million, with profit before tax increasing by 74% to $6.0 million. This performance was fueled by a 17% revenue increase from the previous half-year period, driven by increased activity levels and new contracts. The Group's order book grew to $441 million, a 79% increase from the prior corresponding period, which supports future growth. The company maintained a strong balance sheet with net cash of $33.1 million. Despite these positive results, the Board decided not to declare a dividend, instead opting to focus on organic growth and strategic acquisitions. Mastermyne provided FY26 guidance for revenue in the range of $220 million to $230 million and underlying EBITDA between $17.0 million and $18.0 million.

Key Points

Revenue for H1 FY26 was $108.9 million, a 17% increase from H2 FY25.
Underlying EBITDA increased to $8.3 million, up 5% from H1 FY25.
Underlying net profit after tax from continuing operations doubled to $4.1 million.
Profit before tax increased by 74% to $6.0 million.
Order book increased to $441 million, a 79% rise from the prior period.
Net operating cash flow for H1 FY26 was $5.5 million.
Cash and cash equivalents rose to $34.1 million by 31 December 2025.
Board decided not to declare a dividend to focus on growth and acquisitions.
FY26 revenue guidance is $220m to $230m with underlying EBITDA between $17.0m and $18.0m.

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.