Mitchell Services Reports Strong Q3 Performance and Positive Outlook

An update from Mitchell Services Limited ( (AU:MSV) ) is now available.

Mitchell Services Limited reported strong financial performance for Q3 FY25, with quarterly revenue of $46.8 million and EBITDA of $5.3 million. Despite challenges such as wet weather delays and increased working capital requirements, the company expects continued growth in operating rig count and earnings from new projects. The Loop Decarbonisation business is performing above expectations, indicating positive future prospects.

More about Mitchell Services Limited

Mitchell Services Limited operates in the drilling services industry, providing drilling solutions for the mining and resources sectors. The company focuses on delivering high-quality drilling services and has a market presence in Australia.

YTD Price Performance: -22.06%

Average Trading Volume: 217,352

Technical Sentiment Signal: Buy

Current Market Cap: A$56.26M

Find detailed analytics on MSV stock on TipRanks’ Stock Analysis page.