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Mitchell Services Accelerates PNG and Decarbonisation Projects Amid $46.7M Q2 Revenue

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Mitchell Services Accelerates PNG and Decarbonisation Projects Amid $46.7M Q2 Revenue

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Q2 FY25 revenue of $46.7 million and EBITDA of $5.6 million
  • Mobilisation underway for multi-rig PNG project starting early Q3
  • Loop Decarbonisation Solutions to begin drilling in February
  • Temporary dip in rig utilisation impacting short-term earnings
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