Key points
- FY26 profit after tax increased 30x to $15.2m from $0.5m in FY25
- Revenue grew 5% to $207.4m
- EBITDA increased 67% to $42.8m
- Return on Invested Capital improved to 25.2% from 2.0%
- Net debt reduced by $42.5m to $3.5m net cash
Full summary
Mitchell Services Ltd presented its FY26 results, highlighting a substantial increase in profit after tax to $15.2m, up from $0.5m in FY25. Revenue increased by 5% to $207.4m, while EBITDA rose 67% to $42.8m. The return on invested capital improved significantly to 25.2% from 2.0% in FY25. The company also achieved a net cash position of $3.5m by reducing net debt by $42.5m. The strong financial performance was driven by high-quality clients, particularly in the mining sector, and improved operational efficiency. The company plans to continue optimizing its profitability and capital management while capitalizing on growth opportunities.
Guidance
FY26 revenue $207.4m, EBITDA $42.8m, NPAT $15.2m, ROIC 25.2%, net debt $3.5m
Outlook
Mitchell Services Ltd aims to optimize long-term growth and returns to shareholders by improving profitability and capitalizing on drilling opportunities in the mining sector. The company plans to maintain a disciplined approach to capital management.