Latest MLG Oz (ASX:MLG) News

MLG Oz Limited has locked in a new two-year contract with Fortescue subsidiaries to provide crushing and screening services at multiple Western Australian mine sites, reinforcing its foothold in the mining services sector.

MLG Oz Limited has secured its first contract with mining giant Rio Tinto, marking a significant expansion into the Pilbara region with a $20 million haulage and site services deal.

MLG Oz Limited has secured a significant $75 million haulage contract with Westgold Resources, poised to generate over $25 million annually and deepen its footprint in Western Australia's Goldfields region.

MLG Oz Limited reported a robust 20.5% increase in revenue for the first half of FY2025, reaching $272.9 million, even as net profit after tax declined to $4.1 million. The company anticipates stronger growth in the second half, supported by new contracts and fleet expansion.

MLG Oz Limited has delivered a robust half-year performance with a 20.3% increase in statutory revenue and stable workforce numbers, setting the stage for anticipated growth in the second half of FY2025.

MLG Oz Limited posted a 20.5% increase in revenue to AUD 272.9 million for the half-year ended December 2024, driven by strong gold industry activity. However, net profit after tax fell 42.7% to AUD 4.1 million, reflecting margin pressures and higher depreciation costs.

MLG Oz Limited has locked in contracts worth over $45 million annually with Northern Star Resources, extending a partnership spanning more than 10 years across key Western Australian gold operations.