• Statutory Revenue up 5.2% to $287.2 million
• Statutory NPAT up 73.2% to $7.1 million
• Pro-forma EBITDA up 24.5% to $36.5 million

MLG OZ Ltd (ASX: MLG) has delivered its financial results for the half-year ended 31 December 2025 (HY2026), reporting strong performance across the business. The company achieved statutory revenue of $287.2 million, up 5.2% compared to the prior corresponding period (pcp), and statutory net profit after tax (NPAT) grew 73.2% to $7.1 million. Pro-forma earnings before interest, tax, depreciation, and amortization (EBITDA) increased 24.5% to $36.5 million, with a pro-forma EBITDA margin of 12.8% (pcp 10.9%). Pro-forma NPAT was 90.2% higher than the pcp at $7.8 million. The performance was driven by sustained demand from the gold sector, improved operational discipline, and cost control. The company was impacted by heavy rainfall events in the first quarter, but operations recovered strongly from September onwards. Crushing and screening revenues also improved, reflecting increased utilization and new project mobilizations. The company enters the second half with a positive outlook, supported by continued strength in the gold market and a growing pipeline of crushing and screening work. The Board has declared a fully franked, interim dividend of 1.25 cents per share.

The company expects the second half of FY2026 to be broadly in line with the first half performance. Demand for MLG's integrated service offering remains robust, underpinned by strong operational delivery, improved safety performance, and a growing presence across key gold regions.

MLG continues to receive strong interest from resource owners seeking a pathway to commercialization. The company believes it is uniquely positioned to support tier-two and emerging producers through integrated mining and haulage solutions and is actively assessing opportunities to move further up the value chain, including the potential development of processing capability.