• Group revenue up 5.3% to $287.2m
• Net profit after tax up 73.3% to $7.1m
• Operational recovery after early weather disruptions
• Continued growth in haulage, site services, and crushing

MLG Oz Limited has reported a strong financial performance for the half-year ended 31 December 2025, with group revenue increasing 5.3% to $287.2 million and net profit after tax rising 73.3% to $7.1 million. The first quarter of the period was impacted by heavy rainfall events across several operating regions, which constrained operating days and limited revenue generation. However, from September onwards, operating conditions normalised, and the Group delivered a strong recovery, with haulage and site services projects performing well and generating more consistent margins. Haulage and site services continued to benefit from sustained demand from gold sector clients, increased volumes, and stable pricing outcomes under existing contracts. Operational discipline, improved fleet utilisation, and cost control supported margin recovery following the early weather impacts. Crushing and screening revenues were also stronger compared to the prior corresponding period, reflecting improved utilisation and the progressive mobilisation of new projects. The Group enters the second half with improved visibility across its crushing pipeline, and further growth is expected as additional contracts ramp up and fleet deployment increases. During the period, the Group was prosecuted by WorkSafe in relation to a safety incident that occurred in 2022, resulting in a fine of $750,000. Since that incident, MLG has made material improvements to its safety systems, controls, and culture. Overall, notwithstanding the impact of early weather disruption and the one-off safety-related fine, the Group delivered a strong underlying performance for the half year, with improving operational momentum entering the second half of the financial year.

The Group expects further growth in the second half of FY26 as additional crushing and screening contracts ramp up and fleet deployment increases.

The company is well-positioned to continue its strong performance in the second half of FY26, with improved visibility across its crushing pipeline and ongoing growth in its haulage and site services operations.