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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has shared an update.
Matrix Composites & Engineering Ltd reported a revenue of $74.8 million for FY25, a decrease from the previous year due to reduced drill rig activity, but experienced a record year for SURF, increasing its market share. Despite a subdued drilling market impacting financial performance, the company maintained positive operating earnings and improved cash generation in the second half of the year. With a strong start to FY26, Matrix has secured $57 million in subsea work and anticipates continued growth in energy, mining, and defense spending.
The most recent analyst rating on (AU:MCE) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd operates in the engineering sector, focusing on the production and supply of Subsea Umbilicals, Risers, and Flowlines (SURF) products for international offshore projects. The company is also involved in advanced materials and corrosion technologies, with a market focus on the energy, mining, and defense sectors.
Average Trading Volume: 479,211
Technical Sentiment Signal: Buy
Current Market Cap: A$59.31M
Find detailed analytics on MCE stock on TipRanks’ Stock Analysis page.