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How Will Mitchell Services’ New Contracts and Decarbonisation JV Shape FY26?

9:05pm on Friday 29th of August, 2025 AEST Mining Services
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How Will Mitchell Services’ New Contracts and Decarbonisation JV Shape FY26?

9:05pm on Friday 29th of August, 2025 AEST
Key Points
  • Revenue increased 17% to $196.7 million despite operational challenges
  • EBITDA declined 36% to $25.7 million due to reduced utilisation and mobilisation expenses
  • Net profit after tax fell 94% to $0.5 million
  • Gross debt reduced by 46% to $9.7 million, the lowest since 2015
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