Mayfield Group Holdings Ltd posted a 54% year-over-year increase in underlying EBITDA to AUD 18.5 million for fiscal 2026, alongside a 43% revenue rise to AUD 169 million. Net profit after tax climbed 50% to AUD 10.9 million, while earnings per share grew 29% to 7.38 cents. The company maintained a debt-free balance sheet with AUD 21.8 million in cash at year-end and doubled net assets to AUD 80 million.
The Adelaide-based manufacturer reported a 10.9% EBITDA margin, up from 10.1% in the prior year, and declared a final dividend of AUD 0.024 per share, raising its full-year payout 37.5% to AUD 0.044 per share. Work in hand totaled AUD 135 million at year-end, down from a peak of AUD 150 million but up from AUD 99 million in December 2024. Cash conversion fell to 27%, though adjusted for tax and legacy payments, it reached 46%.
Shares surged 15.38% to AUD 2.40 following the results, extending gains from the prior session’s close of AUD 2.08. The stock has traded between AUD 1.34 and AUD 3.525 over the past 52 weeks.
Mayfield attributed growth to acquisitions including BE Switchcraft, which contributed AUD 18.6 million in revenue and AUD 1.4 million in profit over 10 months, and SMEC, which added AUD 11.9 million in revenue and AUD 0.6 million in profit over three months. The Nilsen Switchboards division was acquired for AUD 4 million in cash, with expected revenue contributions of AUD 10 million to AUD 15 million in fiscal 2027. The company also raised AUD 33.5 million in growth capital via a placement and share purchase plan in November.
Manufacturing capacity expanded to 73,000 square meters through acquisitions and new facilities in Royal Park and Hope Valley, while headcount grew to approximately 535 employees from about 250 at the start of the year. Executives highlighted focus areas including AI data centers, mining electrification, renewable energy, defense, and battery energy storage systems.
For fiscal 2027, Mayfield guided revenue to AUD 224 million to AUD 229 million, representing 33% to 36% growth from fiscal 2026. The company maintained a strong financial position with a current ratio of 2.77, return on equity of 17%, and an Altman Z-Score of 10.5.
