Australia's Macmohan hits over 9-month high on upbeat FY results

Macmahon Holdings

19/08/2025 04:13

** Shares of Macmohan Holdings MAH.AX rise as much as 6.9% to A$0.385, their highest level since November 8, 2024

** Stock on track for its biggest intra-day pct gain since August 7

** Mining services provider reports 38.9% rise in FY profit attributable to A$73.9 million  ($47.95 million)

** Says annual revenue rises 19.5% y/y to A$2.43 billion

** Forecasts FY26 revenue between A$2.6 billion and A$2.8 billion

** About 3.9 million shares traded, 2.8x the 30-day average

** YTD, shares up 11.59%, including current session's move

($1 = 1.5411 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))