SSH Group Ltd has reported a remarkable turnaround in its half-year results, with revenue climbing 25% and net profit soaring over 3300%, driven by strong mining sector activity and operational efficiencies.
- Revenue increased 25% to $24.2 million
- Net profit after tax surged 3323% to $1.14 million
- EBITDA rose 16% to $3.9 million, EBIT up 51%
- Improved operational leverage and mining services growth
- Cash position strengthened to $6.6 million, equity at $14.1 million
Robust Half-Year Performance
SSH Group Ltd has delivered a standout financial performance for the half year ended 31 December 2025, posting a 25% increase in revenue to $24.2 million. This growth was underpinned by heightened activity in mining-related services and an expanded footprint in gold development projects, signalling a positive shift in operational momentum compared to the previous corresponding period.
Most strikingly, the company’s net profit after tax skyrocketed by 3323% to $1.14 million, a dramatic turnaround from the modest $33,314 recorded a year earlier. This leap reflects not only increased revenue but also improved cost management and operational efficiencies.
Operational and Financial Strength
EBITDA rose by 16% to $3.9 million, while EBIT climbed 51% to $1.9 million, highlighting the benefits of operating leverage as SSH scales its business. The company’s strategic focus on its vertically integrated model; combining hire, mine, and own operations; has allowed it to capitalise on expanding mining services demand.
Financially, SSH strengthened its balance sheet with cash reserves increasing to $6.6 million and total equity rising to $14.1 million. The group maintained capital discipline by reducing operating asset debt, even as it funded initiatives aimed at strategic growth. This prudent approach positions SSH well to navigate the cyclical nature of the mining sector.
Dividend and Outlook
Despite the strong results, SSH Group has elected not to declare a dividend for the period, signalling a preference to reinvest earnings into growth opportunities and balance sheet strengthening. The absence of a dividend reinvestment plan further underscores this cautious capital allocation strategy.
While the company did not provide forward guidance, the operational momentum and financial improvements suggest a positive trajectory. Investors will be watching closely for updates on how SSH plans to leverage its improved position amid evolving market conditions.
Bottom Line?
SSH’s impressive profit surge sets the stage for a pivotal year as it balances growth ambitions with financial discipline.
Questions in the middle?
- What specific mining projects are driving the increased demand for SSH’s services?
- How will SSH balance growth investments with maintaining its strengthened balance sheet?
- What risks could impact the sustainability of this profit surge in a volatile mining sector?