Mitchell Services Limited (MSV) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us this morning. My name is Alan Chan from Ridge Street Capital Partners, and today I'm here to host Mitchell Services for their four-year results for FY25. The webinar has been recorded, and we'll have time at the end of the presentation for Q&A, so we'll put the questions in there and I guess at the end. Today we have CEO Andrew Elf and CFO Rex Tyler to present their results. Andrew, over you, thank you. Thanks very much for the introduction, Alan, and thanks very much everyone for joining us. I'll take the disclaimer as being read and just move straight to the market profile slide. Sadly, Nathan can't be with us today. He's just travelling. So it's just Greg and I, but certainly happy to obviously take questions as Alan said at the end of the presentation. And Nathan, our major holder there, 19.9% Mitchell Group and Scott Tunbridge, the founder of Deepcore that was acquired in 2019 at 7.6%. And then obviously still a good percentage of instos and then obviously retail investors after that. On the summary page for 25, obviously a tougher year financially for many reasons that we'll discuss as we go through the presentation. But importantly, I think the business is doing a very good job controlling what it can control. And certainly, you know, our focus moving into the current year is improving that net profit after tax number. So in overview, look, it was a transitional year. We had a quarterly call in recent times. So there's not a huge amount of surprises in what's been released today. But it was a transitional year as we replaced, you know, utilisation with projects that we want. And importantly, you know, we re-won all the major contracts that were expiring in FY25. certainly talks to the good job that the teams...