FY25 Full Year Statutory Accounts Investor Presentation
| Stock | MLG OZ Ltd (MLG.ASX) |
|---|---|
| Release Time | 20 Aug 2025, 8:56 a.m. |
| Price Sensitive | Yes |
FY25 Full Year Statutory Accounts Investor Presentation
- Very strong revenue through the second half with significant demand from clients
- Higher rates across site services and haulage business combined with deployment of crushing fleet in second half has materially improved margin
- Significant uplift in profit in second half
MLG OZ Ltd reported strong financial results for the full year ended 30 June 2025, with revenue increasing 15.3% to $540.4 million and EBITDA increasing 19.5% to $66.1 million. The company's Pro Forma revenue, which offsets fuel tax credits and other income against costs of sales, grew by 15.3% year-on-year. EBITDA margins also improved, increasing from 11.8% in FY2024 to 12.2% in FY2025. The significant increase in profit in the second half of the year was driven by fully mobilised crushing fleet, higher volumes in haulage, and new contract wins. MLG's strong market position in the gold sector, record gold prices, and increasing demand from Tier 1 Iron Ore producers for off-road haulage are underpinning an attractive near-term and long-term outlook. The company's balance sheet also strengthened, with net assets increasing 11.0% to $145.2 million and net debt reducing to $57.8 million, resulting in a gearing ratio of 0.88x. The company's focus is on the long-term sustainability of its profit margins and continuing to optimize its portfolio to deliver sustainable margin improvement.
For the full year ended 30 June 2025, MLG OZ Ltd reported revenue of $540.4 million, EBITDA of $66.1 million, and EBIT of $23.4 million.
MLG OZ Ltd's outlook remains strong, with continued expectation of high levels of customer demand underpinned by recent contract wins with Rio Tinto, Fortescue, and New Murchison Gold. The company's focus is on the long-term sustainability of its profit margins and it continues to work towards optimizing its portfolio to deliver sustainable margin improvement. Additionally, MLG sees growing opportunities to move up the value chain and provide a link for Tier 2 producers to commercialize their resources in return for a share of gold profit.