Mincon Group (MCON) Q1 2026 TU earnings summary

Executive summary

• Positive momentum from 2025 continued into Q1 2026, with strengthened order books and robust demand in the construction sector.

• Large-scale construction projects in North America were the main driver of increased revenue year-over-year.

• The group remains resilient despite challenges in the mining market and geopolitical uncertainties.

Financial highlights

• Revenue increased compared to the same period last year, primarily due to North American construction demand.

• Gross margin improved, supported by enhanced manufacturing efficiency, though constrained by higher carbide costs.

• Some increased input costs are being passed on to customers where feasible.

Outlook and guidance

• Management remains positive about sustaining improved performance throughout 2026.

• Actively pursuing new opportunities in both construction and mining across all regions.