Mastermyne Group
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Mastermyne Group (MYE) investor relations material

Mastermyne Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary25 Feb, 2026

Executive summary

  • Achieved strong earnings growth and operational recovery in H1 FY26, with underlying EBITDA up 5–6% year-over-year and 41% sequentially, and net cash increasing to $33.1 million.

  • Overcame prior disruptions at Moranbah North, Grosvenor, and Integra mines, returning to revenue growth and improved margins.

  • Divested non-core MyneSight training business and completed sale of a non-core mine, focusing on core mining services and leaner operations.

  • Order book surged 79% year-over-year to $441 million, with a pipeline exceeding $1 billion.

  • Secured exclusive distribution rights for critical strata consolidation products through 2047.

Financial highlights

  • Revenue for H1 FY26 was $108.9 million, down 7% year-over-year but up 17% sequentially from H2 FY25.

  • Underlying EBITDA reached $8.3 million (7.6% margin), up from $5.9 million in H2 FY25 and $7.9 million year-over-year.

  • Underlying NPAT was $4.1 million, more than double the prior comparable period.

  • Net operating cash flow was $5.5 million, with cash and equivalents rising to $34.1 million.

  • Net tangible assets rose to $64.8 million (21 cents per share), with minimal debt and $40 million undrawn facilities.

Outlook and guidance

  • FY26 revenue guidance set at $220–230 million; underlying EBITDA expected at $17–18 million.

  • Growth underpinned by a $441 million order book and $1 billion pipeline, with revenue growth weighted to H2 FY26.

  • Board declared nil interim dividend to prioritize capital for organic and inorganic growth.

  • Focus remains on disciplined capital deployment and growth through both organic and acquisition opportunities.

Impact of Anglo coal asset sale on contracts
Path to achieving 10% EBITDA margin target
Dividend suspension and M&A strategy
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Frequently asked questions

Mastermyne Group Limited is an Australian company specializing in providing mining services to the underground coal mining sector. The company offers a range of services, including mine operations, mine development, roadway construction, and underground mining support. It also provides mining equipment, workforce management, and related technical expertise to support its clients' operations. The company is headquartered in Mackay, Australia, and its shares are listed on the ASX.

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