Mitchell Services Ltd Announces FY26 Results and Dividend
Key points
- EBITDA increased by 67% to $42.8m
- Profit after tax rose to $15.2m from $0.5m
- Fully franked dividend of 2.0c per share
- Net cash position improved to $3.5m
Full summary
Mitchell Services Limited (ASX: MSV) announced its FY26 results, highlighting significant financial improvements. EBITDA rose to $42.8m, a 67% increase from the previous year. Profit after tax climbed to $15.2m, up from $0.5m in FY25. Operating cash flows improved by 107% to $37.4m. The company ended the year with a net cash position of $3.5m, compared to $8.4m net debt at the end of FY25. The company also declared a fully franked dividend of 2.0c per share, payable on 17 September 2026.
Guidance
EBITDA expected to grow by 67%, profit after tax to reach $15.2m in FY26
Outlook
The company expects to retain significant operating leverage in a strengthening rig market.
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