Mastermyne Group Limited · ASX:MYE
Mastermyne — H1 FY2026 Earnings Presentation
18 slides from Mastermyne's earnings presentation, Feb 25, 2026
Slide 1: H1 FY2026 Half Year Results
H1 FY2026 Half Year Results Mastermyne Group Limited 25 February 2026
Slide 2: Market Profile
Market Profile ASX Data Board ASX Code MYE Independent Chair Caroline Chan Listed May 2010 CEO & MD Jeffrey Whiteman Shares on issue 308.6m Non-Executive Director Andrew Watts M Mining Nominee Ben Gargett Number of shareholders 945 Non-Executive Directors Wayne Bull1 Share Price (24/2/2026) $0.17 Ma
Slide 3: H1 FY26 Headline Financials
H1 FY26 Headline Financials Growth in underlying EBITDA1, NPAT, net cash and order book $109m $8.3m $4.1m Revenue Underlying EBITDA1 Underlying NPAT2 H1 FY25: $117m H1 FY25: $7.9m H1 FY25: $1.8m $5.5m $33.1m $441m Operating Cashflow Net Cash Order book3 H1 FY25: $13.2m 30 June 2025: $29.1m H1 FY25:
Slide 4: H1 FY26 Highlights
H1 FY26 Highlights Returned to growth and improved margins having successfully managed FY25 challenges caused by external events. Underlying EBITDA of $8.3m for continuing operations, 5% up on pcp, and 41% up on H2 FY25. Net cash $33.1m, up $4.0m from June 2025. Order book increased to $441m
Slide 5: Operational Review
Operational Review Integrated delivery model creating organic growth opportunities on projects H1 FY26 revenue of $108.9m was: 7% lower than pcp ($116.9m) due to ignition events at Grosvenor and Moranbah North mines. 17% higher than H2 FY25 ($93.3m) with the addition of Appin contract. Order
Slide 6: Mastermyne's Project Portfolio
Mastermyne’s Project Portfolio Long-term relationships across each of the major underground coal regions and mine owners Relationship Contract Client Since Mine Project State Activity Expiry Coal Type Grosvenor, Aquila, Moranbah North Strata Consolidation 2029 2002 Moranbah North, Grosvenor QLD Meta
Slide 7: Safety, People & Sustainability
Safety, People & Sustainability Continuing focus on Elevating Safety Performance through targeted, visible leadership Safety People Elevating Safety Performance continues to be a priority Mastermyne’s ‘TradeUp’ Leadership training developed project focused on: project leadership training and in-
Slide 8: H1 FY26 Financial Performance
H1 FY26 Financial Performance Returned to growth having navigated the external challenges in FY25 Underlying EBITDA ($m) +41% 10 -25% 7.9 8.3 8 Revenue ($m) 6 5.9 +17% 4 -20% 120 116.9 2 108.9 100 93.3 0 80 H1 FY25 H2 FY25 H1 FY26 60 40 Underlying NPBT ($m) +107% 20 6.0 0 6 H1 FY25 H2 FY25 H1 FY26 5
Slide 9: Profit & Loss
Profit & Loss Returned to growth and improved margins having navigated FY25 challenges Change vs Change vs $ Millions H1 FY26 H2 FY25 H1 FY25 H2 FY25 H1 FY25 Revenue 108.9 93.3 116.9 17% (7%) Underlying EBITDA1 8.3 5.9 7.9 41% 5% EBITDA Margin (%) 7.6% 6.3% 6.8% Depreciation & Amortisation (2.5) (3.
Slide 10: Cash Flow
Cash Flow H1 FY26 net operating cashflow improved from H2 FY25 H1 H2 H1 $ Millions FY26 FY25 FY25 Net operating cash flow of $5.5m in H1 FY26 Results from operating activities – Continuing operations 3.2 0.8 2.6 after working capital increase of $1.6m, compared to a $5.6m reduction in H1 FY25 Resu
Slide 11: Balance Sheet
Balance Sheet NTA of $64.8m, equivalent to 21 cps including 11 cps cash $ Millions Dec-25 Jun-25 Dec-24 $m Drawn Undrawn Total Cash and Cash Equivalents 34.1 30.4 35.2 Working Capital Facility1 - 30.0 30.0 Borrowings (1.0) (1.4) (2.3) Equipment Finance 1.0 10.0 11.0 Liabilities for assets classified
Slide 12: Strategic Direction
Strategic Direction Entering its 4th decade, Mastermyne is well positioned to grow and diversify Actively pursuing and assessing growth opportunities, both organic and by acquisition: Leveraging the Company’s market position and well capitalised balance sheet to further expand and diversify the
Slide 13: Order Book and Pipeline
Order Book and Pipeline Strong foundation for continued growth in H2 FY26 and beyond FY26 Order book of $441m (pcp: $246m), including contract extensions of $166m (pcp: $56m), reflects the contract commencements at GM3’s Appin mine and Yancoal Australia, together with the extension of the Anglo Am
Slide 14: Outlook and Guidance
Outlook and Guidance Outlook for continued growth in FY26 and beyond Outlook Continued growth underpinned by orderbook of $441m. Pipeline of $1 billion. Organic growth and potential acquisitions. Supportive long-term major shareholder. Key commercial risks Coal price fluctuations which
Slide 15: Thank You
Thank You H1 FY26 RESULTS | MASTERMYNE 14
Slide 16: Appendix: Reconciliation of underlying earnings to statutory financials
Appendix Reconciliation of underlying earnings to statutory financials H1 FY26 H2 FY25 H1 FY25 Non-recurring expenses Non-recurring expenses Non-recurring expenses $'000 Statutory Legal & Impairment of Inventory Underlying Statutory Legal & Inventory Underlying Statutory Legal & Impairment of Underl
Slide 17: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information c
Slide 18: La) mastermyne
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