Mastermyne lifts underlying profit despite softer half-year revenue

Metarock Group Limited ( (AU:MYE) ) has provided an announcement.

Mastermyne Group Limited reported revenue from continuing operations of $108.9 million for the half-year to 31 December 2025, down 7% from the prior corresponding period, while statutory profit after tax rose 64% to $1.6 million. Underlying net profit after tax from continuing operations more than doubled to $4.1 million, though the group recorded a small loss from discontinued operations and again chose not to pay or declare any dividends.

Earnings per share from continuing operations improved modestly, with basic EPS rising to 0.6 cents, and net tangible assets increasing to $64.9 million, or $0.21 per share, up from $0.20 at June 2025. The results, reviewed by the company’s auditors and approved by the board, indicate improving profitability and balance sheet strength despite softer revenue and continued caution on shareholder payouts.

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 operates in the mining services sector, providing contract services to resource companies, with a focus on underground operations. The company generates revenue from continuing operations and reports on both statutory and underlying profitability for its ongoing business activities, reflecting its role as a contractor in the resources industry.

Average Trading Volume: 73,350

Technical Sentiment Signal: Buy

Current Market Cap: A$49.38M

For an in-depth examination of MYE stock, go to TipRanks’ Overview page.