Mastermyne Group Ltd reported a 47.1% increase in underlying EBITDA to $20.3 million for the fiscal year ended June 30, 2026, as revenue rose 13.1% to $237.7 million.
Underlying net profit before tax jumped 148% to $15.7 million, while net profit after tax surged 186% to $11.0 million. Operating cash flow increased 20.1% to $20.3 million, and the group’s ending cash balance rose by $16.8 million to $47.2 million. Total assets grew by $17.0 million to $124.5 million, with net cash at June 30, 2026, up 60% to $46.5 million.
The order book expanded 37.6% year-over-year to $432 million, including $178 million in contract extension options. The company secured $200 million in revenue for FY27, comprising $155 million from the existing order book and $40-45 million from the first year of the Dendrobium contract. A strategically targeted pipeline of opportunities reached approximately $1.5 billion, with $823 million in near-term awards expected in FY27.
Strata consolidation now accounts for 30% of group revenue, up from 26% in the prior year. Headcount increased from 640 to 689 employees during FY26, with further growth anticipated toward 1,000 people as the Dendrobium project ramps up.
The board declared no final dividend for FY26. Mastermyne’s share price fell 6.67% to $0.56 following the presentation, with a 52-week range of $0.12 to $0.625.
