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Mastermyne Group Limited (ASX:MYE)

ALERT: Price-sensitive ASX Announcement for MYE
Current share price for MYE : $0.345 0.15 (76.92%)+
Announcement
Release
20 May 2026 8:37AM
Price at Release
$0.195
Full Release
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Summary
Mastermyne Group Limited announced that for the fiscal year 2026, the company expects its revenue and underlying EBITDA to be at the upper end of the guidance range, with figures of $220 million to $230 million and $17 million to $18 million respectively. As of 30 April 2026, unaudited revenue was $193.3 million. The company's order book includes $461 million in orders, with approximately $50 million from new agreements with Anglo American. Mastermyne has a solid pipeline of $1.3 billion in opportunities, with $593 million in near-term prospects. The company's net cash position improved to $36.9 million by the end of April 2026. Despite supply chain disruptions due to Middle East conflicts, the company maintained strong performance due to favorable market conditions and high levels of strata consolidation activity. The company has also filed an appeal against a financial penalty imposed by the District Court of Queensland.
Key Points
  • FY26 revenue and underlying EBITDA expected at upper end of guidance range.
  • Revenue guidance of $220m-$230m and EBITDA of $17.0m-$18.0m.
  • Unaudited revenue to 30 April 2026 was $193.3m.
  • Order book of $461m including $50m from Anglo American agreements.
  • Pipeline of targeted opportunities stands at $1.3bn.
  • Net cash position of $36.9m at 30 April 2026.
  • Company successfully navigated supply chain disruptions.
  • High levels of strata consolidation activity driving performance.
  • Company filed an appeal against a financial penalty.
  • Managing Director & CEO, Jeff Whiteman, comments on strong market conditions.
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.