Australian coal mining contractor Mastermyne expects a sharp drop in its fiscal 2025 full-year earnings on the back of a 26-28% reduction in revenue for the period.
The company said this week previously outlined production restrictions at Moranbah North and Grosvenor in Queensland and the closure last year of Integra in New South Wales had shrunk forecast full-year revenues to A$212-216 million, which compared with $294 million in FY2024.
Subsequent to year-end longwall consolidation and other activities had restarted at Moranbah North while new work at Appin in NSW ramped up in June.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) for the year to June 30, 2025, is pegged at $11-13 million versus $27.5 million for FY24.
Mastermyne had net cash of $29 million at the end of FY25 compared with $21.8 million a year earlier.
The ASX-listed company has a current market value of about $45 million.
