Australia's Mastermyne Group rises on upbeat annual earnings expectation

Mastermyne

20/05/2026 01:59

** Shares of mining services provider Mastermyne Group MYE.AX rise 20.5% to A$0.235, their highest level since June 2024

** Co expects FY26 revenue and underlying EBITDA at upper end of forecast range of A$220 mln ($156.20 million) to A$230 mln and A$17 mln to A$18 mln, respectively

** Records unaudited revenue of A$193.3 mln, as of April 30

** About 544,700 shares change hands, 7.5x the 30-day average of 72,800

** Stock up 60.7% YTD

($1 = 1.4085 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))