• Revenue and profitability impacted by external events including Grosvenor mine fire and tightening market conditions
• Delivered net cash flow from operations of $13.2m resulting in net cash position at Dec 2024 of $31.9m
• Diversifying client and project portfolio, pursuing growth opportunities within core capabilities

Mastermyne Group Ltd reported its HY2025 financial results, with revenue of $118.7M and statutory NPAT of $0.9M. The results were impacted by external events, including the Grosvenor mine fire and tightening market conditions, which led to a reduction in revenue and profitability. Despite these challenges, the company delivered net cash flow from operations of $13.2M, resulting in a net cash position of $31.9M at the end of December 2024. This strong financial position enables Mastermyne to pursue growth opportunities, both organically and through potential M&A. The company's order book stands at $190M, with a pipeline of contract opportunities worth approximately $1.0B. Mastermyne is focused on maintaining financial stability, enhancing its competitive advantage, and cautiously pursuing growth within its core capabilities. The company is also diversifying its client and project portfolio, with new contract wins and extensions, including the ventilation works contract at Peabody Energy's Centurion mine and an extension of its Anglo American contracts. Mastermyne is well-positioned to deliver on its strategic priorities, building on the foundations achieved over the past 18 months.

Mastermyne expects continued market headwinds, with lower coal prices and cost inflation putting pressure on contractors' margins and activity levels. However, the company sees growth opportunities, including a new contract at GM3's Appin and Dendrobrium mines and potential labour contract at the Appin mine. Mastermyne is also targeting internal efficiency improvements to enhance its competitive positioning.