SSH Business Update with Half-Year Revenue Up 25%
| Stock | SSH Group Ltd (SSH.ASX) |
|---|---|
| Release Time | 23 Jan 2026, 8:23 a.m. |
| Price Sensitive | Yes |
SSH Delivers 25% Half-Year Revenue Growth
- Cash balance of $6.65m as of 31 Dec 2025
- Revenue up 25% to $24.1m, EBITDA of $3.9m
- Accelerating mining and development activities across portfolio
SSH Group Ltd (ASX: SSH) has provided a business update for the six months ended 31 December 2025 (H1 FY26), highlighting strong financial performance and significant acceleration of the Group's transition toward mining and mine development under its 'Hire | Mine | Own' strategy. Key highlights include a cash balance of $6.65m as of 31 December 2025, revenue of $24.1m (up 25% from the prior corresponding period), EBITDA of $3.9m, and a strengthened balance sheet with total net assets of $13.6m. The company has maintained strong on-ground execution across multiple gold projects, advancing its development portfolio toward near-term production. Drilling, technical studies and early works have progressed across the Mt Fisher-Wagtail portfolio, with high-grade RC drilling at Wagtail confirming strong continuity and coarse-gold mineralisation. In October 2025, SSH completed a $2.53m strategic placement to Xinhai Mining Services, forming a strategic alliance that strengthens the Group's access to global mining, processing and project development expertise. The company has also appointed mining industry veteran Mr Kevin Malaxos as a Non-Executive Director. SSH remains focused on strengthening its balance sheet, reducing debt and maintaining disciplined capital allocation while continuing to grow its mining services and asset development portfolio.
SSH enters H2 FY26 with a strong platform for growth, supported by a strengthened balance sheet and improved liquidity, multiple gold projects advancing through drilling, technical studies and development planning, clear pathways toward near-term production decisions, and a continued focus on disciplined execution, cash flow generation and sustainable growth.