What was the core update in Mastermyne Group's (ASX:MYE) FY26 financial announcement?

Mastermyne Group (ASX:MYE) upgraded its outlook by projecting full-year FY26 revenue and underlying EBITDA to hit the upper end of its previously stated guidance ranges.

How do Mastermyne Group's (ASX:MYE) projected FY26 numbers compare to last year?

The projected figures reflect solid year-on-year growth compared to FY25. Mastermyne Group's (ASX:MYE) full-year revenue is tracking toward the top of its $220 million to $230 million guidance range, up from $210 million in FY25.

What operational drivers pushed Mastermyne Group's (ASX:MYE) earnings higher in H2?

Management attributed the strong second-half momentum to high levels of strata consolidation activity and favourable overall market conditions. These tailwinds allowed Mastermyne Group (ASX:MYE) to increase headcount across its core projects, directly driving higher productivity and revenue capture.

How did geopolitical issues affect Mastermyne Group (ASX:MYE) during the period?

Mastermyne Group (ASX:MYE) had to navigate supply chain disruptions linked to the Middle East conflict, which temporarily impacted the availability of its strata consolidation products. However, the company successfully managed these challenges, and product availability began to normalise in late April.

Does Mastermyne Group (ASX:MYE) have a strong balance sheet?

Yes, Mastermyne Group (ASX:MYE) strengthened its capital position, reporting a net cash balance of $36.9 million as of late April. This is a notable increase from the $33.1 million in net cash held at the end of December 2025.

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Mastermyne eyes top-end growth in FY26 update

Q: What is the status of Mastermyne Group's (ASX:MYE) current order book and project pipeline?

Mastermyne Group's (ASX:MYE) order book stands at $461 million, heavily supported by newly secured 12-month agreements with Anglo American worth roughly $50 million to extend Queensland underground operations.

Written by Mahathir BayenaPublished May. 20 2026Last Updated May. 20 2026

Australian mining services provider Mastermyne Group (ASX:MYE) announced a financial update for the 2026 financial year, projecting full-year revenue and underlying EBITDA to hit the upper end of its guidance ranges.

Driven by strong second-half performance, the company expects revenue to reach the top of its $220 million to $230 million forecast, up from $210 million in FY25.

Underlying EBITDA is similarly tracking towards the peak of its $17 million to $18 million range, a notable climb from the previous year’s $13.8 million.

Unaudited year-to-date revenue stood at $193.3 million as of April 30, building solidly on the $108.9 million reported in the first half.

Management attributed this momentum to high levels of strata consolidation activity, favourable market conditions, and increased headcount across core projects.

The growth was achieved despite navigating supply chain disruptions stemming from the Middle East conflict, which temporarily impacted product availability before normalising in late April.

Mastermyne’s forward outlook remains highly secure, backed by a massive $1.3 billion pipeline that includes $593 million in near-term opportunities.

The company’s order book has reached $461 million, bolstered by newly secured 12-month agreements with Anglo American worth approximately $50 million to extend underground operations in Queensland.

The firm strengthened its balance sheet, reporting a healthy net cash position of $36.9 million by late April, up from $33.1 million at the end of December 2025.

At the time of reporting, Mastermyne Group's share price was $0.22.