Mayfield Group Holdings Limited (ASX:MYG)

ALERT: Price-sensitive ASX Announcement for MYG

Current share price for MYG : $2.030 0.49 (31.82%)⁺

Announcement

$20m Brigalow Gas Peaking Plant Contract

Release

7 Oct 2025 2:53PM

Price at Release

$1.540

Full Release

Summary

Mayfield Group Holdings Limited (ASX: MYG) has announced securing a $20 million contract with GE Power Australia Pty Ltd for the Brigalow Gas Peaking Plant in Queensland, enhancing their FY26 momentum. The contract involves the delivery of critical electrical infrastructure, including integrated switchrooms and control modules designed to Australian standards. This development marks significant progress in Australia's energy transition, providing essential infrastructure for reliable power supply amidst increasing renewable energy integration. With this contract, MYG's total contract awards for FY26 reach approximately $37 million, with work in hand amounting to $116 million, reflecting strong market momentum and strategic positioning in the energy sector.

Key Points

Mayfield awarded $20 million contract for Brigalow Gas Peaking Plant
Contract involves comprehensive Balance of Plant electrical infrastructure
Total FY26 contract awards reach $37 million
Work in hand increases to approximately $116 million
Provides critical electrical infrastructure for energy transition
Australian manufacturing excellence ensures supply chain security
Significant dispatchable generation capacity for grid stability
Contract strengthens FY26 financial performance outlook

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.