• Revenue up 52.8% to $79.5 million
• Profit after tax up 127.6% to $4.5 million
• Manufacturing segment drives growth with improved margins

Mayfield Group Holdings Ltd reported a strong financial performance in the first half of fiscal year 2025, with revenue increasing 52.8% to $79.5 million and profit after tax surging 127.6% to $4.5 million. The profit margin improved significantly, with profit growing about 2.4 times faster than revenue, underscoring enhanced execution and cost management during the period. Higher efficiency and better project margins, particularly in the manufacturing division, contributed to this result. The Group's operational cash flows remained robust, driven by strong underlying profitability and effective working capital management. The manufacturing division was the standout performer, with revenue increasing significantly compared to the prior corresponding period and becoming the chief driver of the Group's overall growth. This surge in volume was driven by strong demand for the Group's electrical infrastructure products and the successful execution of large projects. The Company's ongoing investments in LEAN manufacturing processes and production optimisation are paying off, leading to greater throughput and improved operational efficiency. The Group's order book remains robust, necessitating investments to expand capacity in both South Australia and Western Australia in the second half of 2026 and into 2027. The Telecommunications segment reported weak first-half results due to unexpected costs and a delay in the construction of an access track for a key contract, but the order intake remains strong, laying the groundwork for a successful second half of the year. The Services segment met expectations by prioritising support for Mayfield products and telecom services over general maintenance.

The Group's robust order book has driven investment in new properties to expand capacity in both South Australia and Western Australia during the second half of 2026 and into 2027.

The Group remains committed to Australian manufacturing and the provision of products and services for critical electrical and telecommunications infrastructure. Key strategies for 2026 include increasing manufacturing capacity, continued product development, expanding the product range, increasing telco market penetration, working toward carbon-neutral manufacturing, incorporating robotic and 3D design capability, and continuing investment in wireless data communication.