Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Mitchell Services Limited ( (AU:MSV) ) has shared an announcement.
Mitchell Services Limited reported a strong third quarter for FY26, with quarterly EBITDA rising 110% year-on-year to $11.2 million and EBT swinging to a $5.7 million profit. Revenue increased 3.7% to $48.5 million, supported by improved weather, fewer client delays and prior-year projects moving from ramp-up to business-as-usual operations.
Year-to-date FY26 EBITDA climbed 81% to $32.6 million on modest revenue growth and slightly lower average operating rigs, lifting margins and delivering an annualised ROIC of 26.3%. The company also maintained a solid balance sheet with net debt of $0.9 million after an $8.5 million dividend, and highlighted spare fleet capacity that could provide upside if client demand for rigs strengthens.
The most recent analyst rating on (AU:MSV) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.
More about Mitchell Services Limited
Mitchell Services Limited is an Australian-listed drilling services provider focused on the mining and resources sector. The company operates a fleet of 88 rigs, supplying drilling capacity to resource clients, with revenue driven by rig utilisation, shift volumes and project mobilisation activity across its customer base.
Average Trading Volume: 988,084
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$106M
For an in-depth examination of MSV stock, go to TipRanks’ Overview page.