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Mastermyne Group Limited (ASX:MYE)

ALERT: Price-sensitive ASX Announcement for MYE
Current share price for MYE : $0.770 0.17 (28.33%)+
Announcement
Release
26 Aug 2026 9:14AM
Price at Release
$0.600
Full Release
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Summary
Mastermyne Group Limited presented strong financial results for FY26 with significant revenue and profit growth, driven by increased contract activity and strategic expansion into adjacent sectors. The company reported a 13% increase in revenue to $237.7 million and a 47% increase in underlying EBITDA to $20.3 million. This performance was supported by a robust order book of $432 million, up 38% from the previous year, and a strategically targeted pipeline worth approximately $1.5 billion. Mastermyne continues to focus on growth and diversification, leveraging its strong balance sheet to pursue mergers and acquisitions that align with its strategic goals. The outlook for FY27 remains positive, with significant near-term opportunities in the pipeline and a continuation of strong demand for mining services driven by increased activity in Australian longwall mines.
Key Points
  • FY26 revenue increased by 13% to $237.7 million.
  • Underlying EBITDA rose by 47% to $20.3 million.
  • Order book value reached $432 million, a 38% increase.
  • Strategic pipeline opportunities valued at approximately $1.5 billion.
  • Focus on growth, diversification, and strategic acquisitions.
  • Positive outlook for FY27 with strong demand for mining services.
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.