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Mitchell Services sees 80-rig pathway after powerful FY27 start

8:09am on Monday 19th of October, 2026 AEDT • Mining Services
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Mitchell Services sees 80-rig pathway after powerful FY27 start

8:09am on Monday 19th of October, 2026 AEDT
Key Points
  • Revenue rose 25% to $66.5 million in FY27 Q1
  • Underlying EBITDA increased 29% to $15.3 million excluding insurance benefit
  • Contracts signed for 10 additional underground rigs
  • Pathway to 80 operating rigs before FY27 ends
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