InvestSMART

MYECO Group Ltd (ASX:MCO)

ALERT: Price-sensitive ASX Announcement for MCO
Current share price for MCO : $0.015 0 (0%)+
Announcement
Release
16 Oct 2025 8:24AM
Price at Release
$0.015
Full Release
download
Summary
MyEco Group Ltd, listed on ASX as MCO, presented a Q1 FY26 sales update reporting total group sales of $3.7 million, marking a 2.0% increase on the prior corresponding period. The company experienced significant growth in the Council and Waste channels, up 103.8% year-on-year, driven by the rollout of the Ballarat Council tender. However, overall sales declined by 9.2% quarter-on-quarter due to a prior substantial order for a white label product launch in the UK. MyEco Group remains focused on expanding its market share in Australia through FOGO program rollouts and is addressing challenges in the U.S. market caused by recent tariff policy changes. Additionally, the company is strengthening its global presence by targeting growth in Mexico and Canada.
Key Points
  • Q1 FY26 total group sales were $3.7 million, up 2.0% on PCP.
  • Council and Waste channel sales increased by 103.8% year-on-year.
  • Overall sales were down 9.2% quarter-on-quarter.
  • Strong focus on expanding in Australia via FOGO program rollouts.
  • Addressing challenges due to U.S. tariff policy changes.
  • Targeting growth in international markets like Mexico and Canada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.