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The latest announcement is out from SECOS Group Ltd ( (AU:MCO) ).
MyEco Group reported third-quarter FY26 sales of $4.0 million, marking a third consecutive quarterly increase and modest year-on-year and sequential growth, with year-to-date sales reaching $11.8 million. The company’s sustainable MyEcoBag line continued to gain traction at Coles and Woolworths, driving strong retail performance alongside expanding council and waste management sales.
Gross margin improved to 24.8% year-to-date, supported by operational improvements and favourable product mix, indicating better profitability despite only modest top-line growth. Net operating cash outflows of $0.9 million were largely attributed to inventory buildup ahead of a new MyEcoBag range launch in Q4, while a leaner cost base, a $1.5 million cash balance, an undrawn $1.0 million facility and $0.92 million in new convertible note commitments bolster liquidity for the next phase of growth.
More about SECOS Group Ltd
MyEco Group Ltd, listed on the ASX, is a developer and manufacturer of sustainable packaging and materials. The company’s portfolio includes MyEcoBag-branded products sold through major Australian retailers as well as solutions for council, waste management and corporate customers, positioning it within the growing market for environmentally friendly alternatives to conventional plastics.
Average Trading Volume: 97,291
Technical Sentiment Signal: Sell
Current Market Cap: A$7.24M
For detailed information about MCO stock, go to TipRanks’ Stock Analysis page.