• EBITDA up 69% to $21.4m
• Profit after tax of $8.1m vs $0.3m loss in 1H25
• Operating cashflows up 96% to $20.8m
• Declared fully franked dividend of 4.00c per share

Mitchell Services Ltd (ASX: MSV) has announced its FY26 first half (1H26) results, reporting a strong performance. The company's EBITDA increased by 69% to $21.4m compared to 1H25, and it recorded a profit after tax of $8.1m, compared to a $0.3m loss in the prior corresponding period. Operating cashflows also improved significantly, up 96% to $20.8m. The company has extinguished its net debt of $39m since the end of FY22 and achieved a net cash position of $7.2m as at 31 December 2025. As part of its ongoing capital management strategy, Mitchell Services has declared a fully franked dividend of 4.00c per share, with all shareholders registered at 5pm on 27 February 2026 entitled to receive the payment on 17 March 2026. The ex-dividend date will be 26 February 2026. Executive Chairman Nathan Mitchell commented that the company's focus since late FY22 has been to maximize cash returns to shareholders while reducing leverage, and the 1H26 result reflects this success.