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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.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.
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