• Group revenue up 20.5% to $272.9m
• Net profit after tax down 42.7% to $4.1m
• Profitability in line with second half FY24, lower crushing and screening revenue

MLG Oz Ltd reported a 20.5% increase in revenue to $272.9m for the half-year ended 31 December 2024, driven by high activity levels in the gold industry and continued demand for the company's integrated services. However, net profit after tax declined 42.7% to $4.1m, broadly in line with the second half performance in FY2024 but down on the prior corresponding period. The lower profitability was primarily due to reduced revenue in the crushing and screening business, as a number of larger contract crushing projects were completed during the calendar year, with new projects only commencing in the second half of FY2025. The company also incurred higher depreciation costs following significant capital investment towards the end of FY2024 and in the current half. Operationally, the business continued to experience high demand from clients, with revenue growth achieved through organic expansion of volumes, scope of services, and haul road construction and maintenance activities. The company expects the second half of FY2025 to see further revenue growth and improved profit margins as new projects commence and the company deploys its increased fleet capacity.

The company expects the second half of FY2025 to see further revenue growth and improved profit margins as new projects commence and the company deploys its increased fleet capacity.