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Matrix Delivers Record SURF Growth Despite Drilling Market Headwinds
12:16am on Saturday 30th of August, 2025 AEST
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Energy
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Matrix Delivers Record SURF Growth Despite Drilling Market Headwinds
12:16am on Saturday 30th of August, 2025 AEST
Key Points
FY25 revenue down 12% to $74.8 million amid weaker drilling sector
Record SURF revenue growth of over 11%, increasing market share
Underlying EBITDA declined to $5.0 million from $11.0 million in FY24
Net loss after tax of $2.2 million, impacted by second-half performance
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Matrix Composites & Engineering (ASX:MCE)
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