Mastermyne lifts earnings, cash and order book as growth resumes

Metarock Group Limited ( (AU:MYE) ) has shared an update.

Mastermyne has corrected typographical errors in its earlier interim results release and reaffirmed a strong first-half performance for the six months to 31 December 2025, highlighting a return to growth and improved margins following a challenging FY25. Revenue for H1 FY26 came in at $109 million, slightly below the prior corresponding period but significantly ahead of the second half of FY25, while underlying EBITDA rose to $8.3 million and underlying NPAT more than doubled to $4.1 million, supported by disciplined cost control and a reset focus on core capabilities.

The company generated $5.5 million in operating cash flow and increased its net cash position to $33.1 million, underpinning growth plans, while its order book expanded sharply to $441 million, up 79% year-on-year, signaling strong demand visibility. Management reiterated FY26 guidance for revenue of $220 million to $230 million and underlying EBITDA of $17 million to $18 million, indicating confidence in continued growth and diversification as Mastermyne leverages its market position and strengthened balance sheet.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

More about Metarock Group Limited

Mastermyne Group Limited is an Australian mining services company listed on the ASX, providing contract services and project delivery to the resources sector. The business operates a capital-light model focused on its core underground mining capabilities, and is pursuing diversification into adjacent activities that offer strategic fit and attractive returns.

Average Trading Volume: 73,350

Technical Sentiment Signal: Buy

Current Market Cap: A$49.38M

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