• Revenue up 34.4% to $52,043,394
• Profit down 28.6% to $1,984,119
• Strong operational performance and robust cash position

Mayfield Group Holdings Ltd reported a profit before tax of $2,807,828 for the half-year ended 31 December 2024, maintaining strong operational performance and a robust cash position that supports growth investments and shareholder returns. The company's profit after providing for income tax amounted to $1,984,119, with the income tax expense used to offset historical tax losses. Manufacturing revenue increased significantly, driven by strong demand for critical electrical infrastructure, though early-stage project risk profiles temporarily impacted margins. The company's telecommunications and power quality products and services experienced revenue reductions. The strength of the manufacturing order book has triggered the decision to expand capacity in Western Australia, with facility planning now underway. The company maintained its safety and environmental performance, with no lost-time injuries or environmental incidents recorded. Key strategies include supporting Australia's energy transition, simplifying and digitizing operations, engaging employees, and pursuing sustainable growth.

The company reported a profit before tax of $2,807,828 for the half-year ended 31 December 2024.