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Metarock Group Limited ( (AU:MYE) ) has provided an update.
Mastermyne Group has reported a strong first-half FY26 result, marking a return to growth and margin improvement after operational disruptions in FY25. Revenue for the half was $108.9 million, driven by increased activity including the commencement of the Appin contract, while underlying EBITDA rose to $8.3 million and NPAT more than doubled to $4.1 million, reflecting better operating leverage and tight cost control.
The company’s order book has surged 79% year-on-year to $441 million on the back of new contracts and extensions with major miners Anglo American, Yancoal and Glencore, providing clear visibility for growth into H2 FY26 and beyond. A solid balance sheet, with $33.1 million in net cash, modest capex and access to additional facilities, positions Mastermyne to pursue further diversification and expansion initiatives while maintaining strong liquidity for stakeholders.
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 contracting services company focused on the underground coal mining sector. It provides specialist mine development, operations, and related services to tier-one mining clients, with a strategy centred on capital-light growth and diversification into adjacent, complementary activities.
Average Trading Volume: 73,350
Technical Sentiment Signal: Buy
Current Market Cap: A$49.38M
For a thorough assessment of MYE stock, go to TipRanks’ Stock Analysis page.