Latest Mining Services Sector News

Perenti Limited has announced a planned succession for its Managing Director & CEO, Mark Norwell, who will step down in 2026 after steering the company through a transformative growth phase. The board is actively searching for a successor to continue this momentum.

Perenti Limited has announced an on-market buy-back program targeting up to 85.4 million ordinary shares, aiming to optimize its capital structure over the next year.

Perenti’s underground mining arm, Barminco, has secured a significant four-year contract at the Dalgaranga Gold Project, promising to bolster Australian earnings and operational scale.

SSH Group Limited reported a 7% revenue decline and a 21% drop in profit after tax for FY2025, while net tangible assets per share doubled amid strategic acquisitions.

Aquirian Limited reported a 12.6% revenue increase to $26.07 million for FY25 but posted a $3.41 million statutory loss amid ramp-up costs and impairments. The company is advancing its Energetics and Technology divisions, including the Wubin Emulsion Facility and Collar Keeper® System.

Alfabs Australia Limited reported a robust 76% rise in net profit for FY2025, driven by strong mining contract deliveries and engineering demand, while boosting dividends and expanding operational capacity.

NRW Holdings delivered a robust FY25 performance, posting a 12.2% revenue increase to $3.27 billion and securing a strong $6.1 billion order book. The company’s FY26 outlook remains positive with expected revenue growth and improved earnings.

NRW Holdings reported a 12.2% revenue increase to $3.27 billion in FY25, offset by a significant impairment linked to OneSteel receivables. The company declared a final fully franked dividend of 9.5 cents per share, underscoring confidence despite challenges.

MLG Oz Limited reported a robust FY2025 with significant revenue and profit growth, driven by new contracts and operational improvements. Despite strong results, the company opts to retain capital, foregoing dividends to fuel future expansion.

Macmahon Holdings Limited has reported a strong financial year with a 19.5% revenue increase and a near 39% jump in profit after tax, underpinning higher dividends for shareholders.

Babylon Pump & Power has completed two key acquisitions, expanding its water services platform and enhancing earnings with minimal integration risk. These moves position the company for sustained growth in the mining services sector.

Perenti Limited’s underground mining subsidiary Barminco has been hit with a $46 million legal claim from MMG Dugald River Pty Ltd related to a completed contract at the Dugald River Mine. Barminco denies liability and plans to vigorously defend the case while pursuing a counterclaim.