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Mastermyne Group (MYE) investor relations material
Mastermyne Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined 27% year-over-year to $214m, mainly due to mine suspensions, closures, and external disruptions at key mining sites.
Underlying EBITDA was $13.2 million, down from $29.4 million, with operating cash flow steady at $16.9 million.
Net cash at year-end was $29.1 million, reflecting strong liquidity and a robust capital position.
Order book expanded to $314 million, supported by new project wins at Centurion and Appin despite industry headwinds.
Safety performance improved significantly, with TRIFR dropping from 9.85 to 5.09 and zero life-changing incidents.
Financial highlights
Revenue: $214 million, down 27% year-over-year, mainly due to production halts at Grosvenor, Integra, and Moranbah North mines.
Underlying EBITDA: $13.2 million (margin 6.2%), down from $29.4 million (margin 10.0%).
Operating cash flow remained steady at $16.9 million, and year-end cash increased to $30.4 million.
Net tangible assets held at $63 million, or $0.20 per share.
Underlying NPAT was $3.2 million, down from $19.6 million.
Outlook and guidance
Order book stands at $314 million, up from $280 million, with full-year benefits from new contracts at Centurion and Appin expected in FY 2025.
Pipeline of contract opportunities valued at approximately $900 million.
Focus on targeted work-winning strategies, internal efficiency projects, and leveraging a strong balance sheet for organic and M&A growth.
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