Key points
- Revenue up 13% to $237.7m, above guidance
- Underlying EBITDA up 47% to $20.3m, above guidance
- Underlying NPBT up 148% to $15.7m
- Net cash up 60% to $46.5m
- Order book up 38% to $432m
Full summary
Mastermyne Group Ltd reported strong financial year 2026 results, with revenue increasing by 13% to $237.7 million, exceeding the upper end of the guidance range of $230 million. Underlying EBITDA rose by 47% to $20.3 million, surpassing the upper end of the guidance range of $18.0 million. Underlying net profit before tax (NPBT) increased by 148% to $15.7 million. Net operating cash flow was $20.3 million, and net cash increased by 60% to $46.5 million. The order book grew to $432 million, and the pipeline increased to approximately $1.5 billion, including $823 million of near-term opportunities. A new contract with GM for the Dendrobium mine was secured post-year-end, estimated at $85 million over the initial two-year term and up to $255 million in total. The exclusive distribution agreement with Jennmar Holdings LLC was extended to 2047.
Guidance
Revenue $230m, EBITDA $18.0m
Outlook
Mastermyne enters FY27 with strong contract and pipeline momentum, supported by continued demand for coal and commodity prices. The company expects further growth through pipeline conversion, cross-selling, and investment in technical expertise and product innovation.