Australia's Mastermyne hits near four-year high on robust results

Mastermyne

22/07/2026 02:44

** Shares of Australia's Mastermyne MYE.AX rise as much as 38.2% to A$0.47, their highest level since August 29, 2022 
** Stock hits highest level since February 21, 2023
** Underground mining solutions provider posts FY26 unaudited revenue of A$237.7 mln ($166.51 mln), above previous guidance of A$220 mln–A$230 mln 
** Says FY underlying EBITDA A$20.3 mln, ahead of previous forecast of A$17 mln-A$18 mln 
** About 2.1 mln shares change hands, 7.9x the 30-day average 
** Stock has more than tripled in value so far this year

($1 = 1.4276 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.kumar@thomsonreuters.com;))