REG - Mincon Group Plc - Interim Trading Update

MinconAnnouncement

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RNS Number : 2649C  Mincon Group Plc  29 April 2026

Mincon Group PLC

("Mincon" or the "Group")

 

Q1 2026 TRADING UPDATE

 

Dublin, London 29 April 2026:Mincon Group plc (Euronext:MIO; AIM:MCON), the
Irish engineering group specialising in the design, manufacture, sale and
servicing of rock drilling tools and associated consumable products, today,
ahead of its AGM, provides a trading update for the period from 1st January
2026 to date, incorporating the first quarter to 31st March 2026.

 

The Group has successfully carried forward the positive momentum from 2025
into the first quarter of 2026. This ongoing progress is reflected in the
strengthening of our order books throughout the period, driven by robust
demand for our products within the construction industry.

The growth in large-scale construction projects across North America has been
the primary factor contributing to increased revenue compared to the same
period last year. As anticipated, our gross margin has improved, supported by
ongoing efforts to enhance manufacturing efficiency. Nevertheless, margin
expansion has been somewhat constrained by a significant rise in the cost of
carbide. Where feasible, these increased costs are being passed on to
customers.

 

Whilst the mining market remains challenging in certain regions, with ongoing
geopolitical uncertainties and increased energy costs, to date, the Group is
proving resilient to these challenges. We are actively pursuing new
opportunities in both the construction and mining industries across all our
operating regions and remain positive that the improvement in performance can
be sustained during the year.

 

 

 

Ends

 

For further information please contact:

 

Mincon Group plc

Joe Purcell - Chief Executive
Officer
Tel: +353 (61) 361099 Mark McNamara - Chief Financial Officer

Tom Purcell - Chief Operations Officer

 

Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and
Joint Broker)

Anthony
Farrell
Tel: +353 (1) 679 6363

Daragh O' Reilly

 

Shore Capital (Joint Broker)

Malachy
McEntyre
Tel: +44 (0) 20 7408 4090

Mark Percy Daniel Bush

Forward looking statements:

Any forward-looking statements made in this document represent the Board's
best judgment as to what may occur in the future. However, the Group's actual
results for the current and future financial periods and corporate
developments will depend on a number of economic, competitive and other
factors, some of which will be outside the control of the Group. Such factors
could cause the Group's actual results for future periods to differ materially
from those expressed in any forward-looking statements included in this
announcement.

 

About Mincon:

Mincon specialises in the design, manufacture, sale and servicing of rock
drilling tools and associated products. The Group's strategy is to increase
its share of the global rock-drilling consumables market through organic
growth and acquisitions. Its manufacturing facilities are located in Ireland,
the UK, Finland, the USA, South Africa, Canada, Sweden and Australia. The
Group also maintains a network of sales and distribution companies in a number
of international markets to provide after sales support and service to
customers.

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