Mastermyne eyes top-end growth in FY26 update

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.