• Focus on core strategic pillars delivered positive safety, cashflow and order book growth
• Underlying EBITDA of $13.2m despite external challenges
• Order book grown to $314m with awards at two new significant projects

Mastermyne Group Ltd (formerly Metarock Group Limited) reported its FY2025 results, with revenue of $214m and underlying EBITDA of $13.2m. Despite lower revenue due to external events, the company maintained consistent cashflow, further enhancing its robust capital position. The order book grew to $314m with awards at two new significant projects, Centurion and Appin. The company focused on elevating its safety performance, achieving a TRIFR of 5.09 and zero life-changing incidents. Mastermyne delivered net cash flow from operating activities of $16.9m, in line with the prior year, increasing its net cash position to $29.1m at June 2025. Given its improved financial strength, the company paid a fully franked interim dividend of 0.5 cents per share, but declared no final dividend to further build cash in support of organic and inorganic growth opportunities. The company implemented system improvements and cost-outs to drive competitive advantages, and sees prospects for further growth and diversification supported by a strong opportunity pipeline.

FY2025 revenue of $214m, underlying EBITDA of $13.2m, and net cash of $29.1m at 30 June 2025.

Mastermyne is actively exploring growth opportunities, both M&A and organic, and is leveraging its opportunity pipeline and well-capitalized balance sheet. The company is also potentially diversifying into adjacent activities with good strategic fit and economics. Its strategic priorities remain diversifying and expanding its client/project portfolio, investing to enhance competitive advantage, driving business efficiencies, and delivering irreplaceable performance to its clients.