Ireland's Mincon revenue up 2% in 2025 on construction business strength

Mincon

10/03/2026 07:29

Overview

Ireland engineering firm's 2025 total revenue rose 2% yr/yr

Total EBITDA increased 11% yr/yr, driven by operational improvements and cost reductions

Company signed collaboration agreement with Epiroc to commercialize HIT system

Outlook

Mincon anticipates continued growth in 2026 driven by investment in IP and construction projects

Cost reductions in production expected to enhance Mincon's financial performance in 2026

Mincon to capitalize on renewable energy opportunities, focusing on offshore wind

Result Drivers

CONSTRUCTION GROWTH - Construction revenue increased by 14%, driven by resumed projects in North America

MINING REVENUE DECLINE - Mining revenue contracted by 9% due to strategic realignment in certain locations

COST MANAGEMENT - EBITDA increased by 19% due to operational reviews and improved raw material supply chains

Company press release: ID:nRSJ9248Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Total Revenue
EUR 148.7 mln
FY Total Profit
EUR 5.5 mln
FY Total EBITDA
EUR 20.4 mln
FY Total Gross Profit
EUR 44.4 mln
FY Total Operating Profit
EUR 12.1 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Mincon Group PLC is €0.73, about 12.3% above its March 9 closing price of €0.65

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)