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An announcement from SECOS Group Ltd ( (AU:MCO) ) is now available.
MyEco Group reported record quarterly sales of $1.7 million for its MyEcoBag® products in Q2 FY26, driving total quarterly revenue to $4.0 million, up 7.4% quarter on quarter despite a slight 1.0% decline on the prior corresponding period due to timing of council distribution orders. The company delivered a sharp improvement in net operating cash outflows to just $0.1 million versus $1.4 million a year earlier, lifted its gross margin to 24.7% in H1 FY26, cut its cost base through an operational restructure, and ended the period with $2.6 million cash, no bank debt and access to an undrawn $1.0 million receivables-backed facility, although H1 FY26 Normalised EBITDA remains negative at an expected -$1.0 million to -$1.1 million. Operationally, growth was driven by strong Australian retail performance and record sales in its largest market, partly offset by weaker but recovering U.S. sales amid tariff uncertainty, while MyEco continues to leverage its leading market share in major supermarket chains and is expanding both its domestic product range and international distribution, targeting independent supermarkets and “big box” retailers in Mexico and Canada to diversify its revenue base and strengthen its positioning in sustainable packaging.
More about SECOS Group Ltd
MyEco Group Ltd (ASX: MCO) is a leading developer and manufacturer of sustainable packaging and materials, best known for its MyEco® and MyEcoBag® compostable products. The company focuses on retail channels in Australia and overseas, holding category leadership in compostable bin liners and kitchen caddies at major supermarket chains Coles and Woolworths, and maintaining a presence in independent supermarkets and international markets including the USA, Mexico and Canada.
Average Trading Volume: 280,429
Technical Sentiment Signal: Hold
Current Market Cap: A$12.07M
For detailed information about MCO stock, go to TipRanks’ Stock Analysis page.