Mincon Group Plc · EURONEXT:MIO
Mincon — H1 2025 Earnings Presentation
17 slides from Mincon's earnings presentation, Aug 1, 2025
Slide 1: Interim Results H1 2025
INTERIM RESULTS H1 2025 The Driller’s Choice
Slide 2: Summary H1 2025
SUMMARY H1 2025 Revenue increased by 9%, driven largely by Continuing substantial growth in construction, which Total Operations has positioned Mincon firmly within this H1 2025 H1 2025 H1 2024 Change industry throughout all our regions. €'000 €'000 €'000 % Revenue 74,053 74,048 68,011 9% Mining rev
Slide 3: Business Review
H1 2025 BUSINESS REVIEW
Slide 4: Industry Sales Analysis
INDUSTRY SALES ANALYSIS REVENUE BY SEGMENT 48% 36% Mining Construction 38% H1 48% H1 Mining 2025 Construction 2024 14% 16% Waterwell / Waterwell / Geothermal Geothermal Mincon – The Driller’s Choice 4
Slide 5: Construction Sector
CONSTRUCTION SECTOR 47% growth in H1 2025 versus H1 2024 YOY CONSTRUCTION REVENUE CHANGE BY REGION Our revenue in the industry became more globally diversified as investments were made to secure projects across our Africa and APAC regions. We began invoicing construction revenue for two significant
Slide 6: Mining Sector
MINING SECTOR YOY MINING REVENUE CHANGE BY REGION Mining revenue contraction by 13% in H1 2025 Our largest mining region, the Americas, experienced flat growth compared to H1 2024. North America grew by 18%, while South America contracted by 29% due to the end of a large low margin Chilean contract
Slide 7: Waterwell/Geothermal Sector
WATERWELL/GEOTHERMAL SECTOR Waterwell / Geothermal revenue contracted YOY WATERWELL/GEOTHERMAL REVENUE CHANGE BY REGION by 9% in the period Revenue contraction in the Geothermal/Waterwell industry in the period was primarily driven by the performance of the European market. This market slowed in Q2
Slide 8: Financial Performance
H1 2025 FINANCIAL PERFORMANCE
Slide 9: Income Statement
INCOME STATEMENT Total H1 2025 All Operations Continuing Operations H1 2025 H1 2024 All Operations Change €'000 €'000 €'000 % Revenue increased by 9%, driven largely by substantial Sales Mincon Products 59,825 59,820 54,828 9% growth in construction, which has positioned Mincon Sales Bought in Produ
Slide 10: Balance Sheet
BALANCE SHEET Balance Sheet H1 2025 €'000 FY 2024 €'000 Change €'000 Change % Intangible Assets and Goodwill 38,670 40,099 (1,429) Reduced investment and the release of certain assets Property Plant and Equipment 47,888 50,945 (3,057) due to outsourcing and the operational review that is Other Non-c
Slide 11: Cash Flow
CASH FLOW Cashflow H1 2025 H1 2024 Change Cash Flows from Operating Activities €'000 €'000 €'000 Profit/(Loss) 1,705 (983) Depreciation and Amortisation 4,244 4,429 Other Non-cash Movements 2,136 1,092 Working capital absorbed a significant amount of cash Cash from Operating Activities 8,085 4,538 3
Slide 12: Product Development
H1 2025 PRODUCT DEVELOPMENT
Slide 13: GreenHammer
GREENHAMMER The system is ready to start a year long 24/7 cost per foot on a copper mine drilling contract in Arizona The support and drilling team is in place, and we have a service facility close to the mine. A major opportunity due to the critical mass of rigs and copper mines in the area. The in
Slide 14: Subsea Micropile Project
SUBSEA MICROPILE PROJECT Progress update and presentation at our AGM in May was very well received Successful anchor installation in Orkney carried out in April. All went according to plan with drilling of 3 micropiles to a depth of 16.5m each carried out on schedule in a single shift. Installation
Slide 15: Outlook
H1 2025 OUTLOOK
Slide 16: Outlook H2 2025
OUTLOOK H2 2025 REVIEW OF OPERATIONS ONGOING INTO H2 2025 Operational reviews will continue into the second half of the year, with anticipated margin improvements reflecting the positive outcomes achieved in this area. By lowering the manufacturing investment through more outsourcing, we anticipate
Slide 17: H1 2025 Q&A
H1 2025 Q&A