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MLG Oz Limited (ASX:MLG)

ALERT: Price-sensitive ASX Announcement for MLG
Current share price for MLG : $0.720 -0.28 (-28%)+
Announcement
Release
17 Feb 2026 8:54AM
Price at Release
$1.000
Full Release
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Summary
MLG Oz Limited's FY26 Half Year Financial Report highlights a robust financial performance with significant revenue growth and improved EBITDA margins. The company recorded a revenue increase to $284.6 million and an EBITDA rise to $36.5 million, supported by heightened demand in the gold sector. The safety management systems were improved, excluding a past safety-related fine from the pro forma adjustments. The company has maintained a strong balance sheet with increased net assets and reduced gearing. Additionally, MLG is considering establishing its own gold processing capabilities to capitalize on the high gold prices and drive long-term profitability.
Key Points
  • MLG Oz Limited reported strong financial performance for FY26 half-year.
  • Revenue increased by 6.0% to $284.6 million compared to the previous period.
  • EBITDA improved by 24.5% to $36.5 million, with margins strengthening to 12.8%.
  • Pro forma adjustments notably excluded a $750K fine related to a 2022 safety incident.
  • Net assets rose by 5.6% to $153.4 million, and the gearing ratio decreased to 0.84x.
  • Substantial revenue growth was primarily driven by the gold sector, accounting for 94% of FY25 revenue.
  • The gold market’s high prices continue to drive demand for MLG's services.
  • MLG is exploring opportunities to establish its own gold processing capability to enhance economic benefits.
  • A proactive approach to safety management was emphasized, with systems in place for hazard identification and control.
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.