Mayfield Group Holdings (MYG) H2 2026 earnings summary

Executive summary

• Achieved record FY2026 revenue of AUD 169 million, up 43% year-over-year, driven by strong manufacturing activity, organic growth, and strategic acquisitions including BE Switchcraft and SMEC, with Nilsen Switchboards substantially completed post year-end.

• Underlying EBITDA rose 54% to AUD 18.5 million, with margin expanding to 10.9% from 10.1% in FY2025.

• Underlying NPAT increased 50.1% to AUD 10.9 million; NPATA rose 55.8% to AUD 11.4 million; statutory NPAT grew 18.9% to AUD 8.0 million.

• Workforce more than doubled to 535 employees, with significant investment in training and management depth.

• Expanded manufacturing footprint in SA and WA, raising AUD 33.5 million in new equity and supporting future growth.

Financial highlights

• Revenue increased 43% year-over-year to AUD 169 million; revenue CAGR of 29.5% over four years.

• Underlying EBITDA of AUD 18.5 million, up 54%; margin improved to 10.9%.

• Underlying NPAT up 50.1% to AUD 10.9 million; NPATA up 55.8% to AUD 11.4 million; statutory NPAT up 18.9% to AUD 8.0 million.

• Underlying EPS increased 28.8% to 10.05 cents; ordinary dividends up 37.5% to 4.4 cents per share.

• Year-end cash position at AUD 21.8 million, up from AUD 16.9 million; company remains debt-free.

Outlook and guidance

• FY2027 revenue guidance set at AUD 224–229 million, representing 33–36% growth, underpinned by AUD 135 million work in hand.

• Underlying EBITDA margin expected in the 10–11% range.

• Guidance reflects full-year contributions from recent acquisitions and 8-month contribution from N-Series.

• Priorities include ramping up new facilities, integrating Nilsen Switchboards, and pursuing East Coast expansion.

• Growth strategy focuses on expanding manufacturing, product range, digitisation, and market position in key sectors.