Mayfield Group Reports 34% Revenue Surge and Record Order Book in H1 FY25

Mayfield Group Holdings Limited ( (AU:MYG) ) has provided an announcement.

Mayfield Group Holdings Limited announced a significant growth in the first half of FY25, with a 34% increase in revenue to $52.0 million and a record $95 million in work in hand. This growth is driven by strong demand across key sectors, including a major contract with NextDC for a data centre and multiple mining operation expansions. The company has made strategic investments in operational capacity and sustainability, positioning itself to capitalize on Australia’s electrification needs. Despite a decrease in NPAT due to a non-cash tax expense, Mayfield maintains a robust financial position, expecting revenue to exceed $100 million by the end of FY25.

More about Mayfield Group Holdings Limited

Mayfield Group Holdings Limited is a leader in Australia’s electrification infrastructure industry, providing critical electrical infrastructure solutions. The company focuses on sectors such as Data Centres, Renewables, and Natural Resources.

YTD Price Performance: 36.97%

Average Trading Volume: 53,570

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$95.31M

For detailed information about MYG stock, go to TipRanks’ Stock Analysis page.