• Revenue up 15.5% to $548.3 million
• Net profit after tax up 10.7% to $12.1 million
• Improved margins in second half, EBITDA margin of 13.5%
• New contract wins expanded operational footprint

MLG achieved revenue of $548.3 million in FY2025, an increase of $73.5 million or 15.5% on the prior corresponding period (FY2024: $474.8 million). Net profit after tax grew to $12.1 million, up 10.7% from $11.0 million in FY2024, supported by improved margin performance and continued operational scale across the year. The first half of the financial year was impacted by a transitional period in the crushing and screening operations, following the completion of several major campaigns through FY2024. This resulted in lower activity levels in that segment during the first half of 2025. However, the second half of FY2025 delivered a significantly improved result, underpinned by several new contract wins. Crushing and screening volumes ramped up as new projects were successfully mobilised, and haulage demand grew across the client portfolio. This uplift drove materially stronger margins, with second-half EBITDA margin reaching 13.5% compared to 10.9% in the first half. The key contract wins during the year, including the Westgold South haulage contract and the inaugural agreement with Rio Tinto, contributed to both top-line growth and the expansion of the company's operational footprint. MLG continues to focus on operational discipline, asset productivity, and strengthening its vertically integrated model, positioning the company well for continued growth and earnings resilience into FY2026.