Key points
- Revenue increased by 13.1% to $237.7m, exceeding guidance
- Underlying EBITDA rose 47.1% to $20.3m, surpassing expectations
- Net profit before tax jumped 148% to $15.7m
- Order book stands at $432m with additional potential extensions of $178m
- Net cash increased by 59% to $46.5m
Full summary
Mastermyne Group Ltd, Australia's leading underground coal mining solutions partner, presented its FY26 results, showing robust performance across key metrics. Revenue increased by 13.1% to $237.7 million, surpassing the upper end of the guidance range provided at the half-year results. Underlying EBITDA rose 47.1% to $20.3 million, also exceeding the guidance range. The company's net profit before tax jumped 148% to $15.7 million. The order book stood at $432 million, including potential contract extensions totaling $178 million. Net cash increased by 59% to $46.5 million. The company also extended its exclusive distribution agreement with Jennmar Holdings for critical strata consolidation products until 2047 and achieved a 28% uplift in EBITDA margin.
Guidance
Revenue and underlying EBITDA for FY27 expected to exceed guidance
Outlook
Mastermyne Group Ltd expects continued growth in FY27, supported by an expanded order book, pipeline opportunities, and supportive industry conditions. The company is well-positioned to capitalize on these opportunities and drive further growth.