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The latest announcement is out from Matrix Composites & Engineering Ltd ( (AU:MCE) ).
Matrix Composites & Engineering Ltd reported strong operational resilience in 2025, with significant growth in its Subsea Umbilicals, Risers, and Flowlines (SURF) business, despite a decline in drilling market conditions. The company achieved its second-highest revenue since 2016, although it faced a net loss due to reduced drilling activity. Matrix is well-positioned for future growth with a strong cash reserve and strategic focus on diversifying revenue streams through advanced materials and opportunities in the defense sector.
The most recent analyst rating on (AU:MCE) stock is a Hold 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 is a leader in the design, engineering, and manufacture of composite and advanced material technology solutions, serving industries such as oil and gas, civil infrastructure, resources, defense, and transportation. With over 20 years of experience, the company is a major exporter of Australian goods and services, offering turnkey solutions with localized support from its offices in Australia and the United States.
Average Trading Volume: 258,426
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$47.18M
See more data about MCE stock on TipRanks’ Stock Analysis page.