Latest Mastermyne (ASX:MYE) News

Artificial intelligence stocks led the week, while miners and established companies delivered a broad run of stronger profits and dividends.
Large price gaps also showed that good company news did not always produce lasting buying.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

Mastermyne has secured a major new mining services contract at the Dendrobium coal mine, potentially worth $255 million over six years and adding over 140 new roles.

Mastermyne delivered FY26 revenue of $237.7 million and underlying EBITDA of $20.3 million, beating its own guidance amid robust strata consolidation activity. The company’s order book and near-term pipeline have expanded, while net cash rose to $46.5 million despite a pending legal penalty.

Mastermyne Group is poised to hit the top end of its FY26 revenue and EBITDA guidance, bolstered by robust second-half activity and new Anglo American agreements. Despite supply chain hiccups and a financial penalty under appeal, the underground mining services provider maintains a healthy order book and pipeline.

Mastermyne Group has extended its exclusive distribution agreement with Jennmar Holdings for critical strata consolidation products by a decade, locking in supply until 2047. This move strengthens its foothold in the Australian underground coal mining sector.

Mastermyne’s FY2025 AGM reveals resilience amid sector headwinds, operational disruptions, and legal proceedings, while positioning for growth with new leadership and contracts.

Mastermyne Group Limited has locked in contract extensions and new agreements worth up to $51 million, reinforcing its foothold in underground coal mining services.

Mastermyne Group has received a Letter of Intent to extend its underground mining contracts with Anglo American Steelmaking Coal, potentially adding $31 million in revenue through April 2026.

Mastermyne Group reported a 27% revenue decline in FY25 amid mine disruptions but maintained steady cash flow and expanded its order book to $314 million, underpinned by improved safety and strategic focus.

Mastermyne Group Limited reported a tough FY2025 with significant revenue and profit declines due to external disruptions, yet strengthened its order book and cash position, positioning itself for future growth.