The CEO of Australian coal contractor Mastermyne, Jeff Whiteman, says FY26 saw a “clear return to growth” for the company after it reported a 47% improvement in underlying earnings to A$20.3 million on 13% higher revenue for the year.
Mastermyne’s $237.7 million revenue was at the top end of its guidance range. Net profit rose 148% year-on-year to $15.7 million and the company finished FY26 with net cash of $46.5 million and a $432 million order book.
It said there was $823 million of “near-term opportunities” in a pipeline estimated at $1.5 billion.
“The result reflects disciplined operational execution, improved market conditions and elevated demand for the company’s specialist strata consolidation services,” Whiteman said.
“Our order book and pipeline both strengthened materially over the year and the new contract secured post year-end with GM3 for Dendrobium further bolsters our revenue visibility.
“We enter FY27 with strong contract and pipeline momentum, a growing workforce and secure arrangements for the supply of market leading products from strategic partners including Jennmar Holdings.”
Mastermyne extended its distribution agreement with the US strata reinforcement product manufacturer out to 2047.
