REG - Mincon Group Plc - Q3 2025 Trading Update

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RNS Number : 4484E  Mincon Group Plc  23 October 2025

Mincon Group PLC

("Mincon" or the "Group")

 

Q3 2025 TRADING UPDATE

 

Dublin, London 23 October 2025:  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
provides a trading update for the period from 1st January 2025 to date,
incorporating the third quarter to 30th September 2025.

 

Markets in Q3 2025

The Group traded as expected in the third quarter of the year with
year-to-date revenue ahead of last year across all of our regions, reflecting
our resilience and adaptability in a volatile market. Currency fluctuations,
particularly a weaker US dollar, resulted in a 2% negative impact on reported
revenue year to date, compared to last year.

 

Our revenue in the mining sector has remained stable in the past quarter with
growth in the North American market, offset by some challenges that persist in
Africa with shifts in mining methods among key clients.

 

The geothermal/waterwell market rebounded in Q3 after a slow start in H1 2025.
The increase over Q2 is driven by increased geothermal market activity in
Northern Europe, supported by lower interest rates leading to improved
residential construction, though the recovery in this industry is tentative.

 

The Group has progressed with its root and branch review of operations; the
process is being carefully managed to realise better results from our business
units. This, as expected has reflected in an improved gross margin for the
Group during the past quarter. The work in this area will continue in Q4 and
on into 2026.

 

Outlook

We expect further growth in construction revenue in Q4 2025. The Group remains
focused on cost reduction, operational restructuring and delivery of new
technology to restore our strong competitive proposition in the mining sector
while capitalising on our key products in the large constructions space. Our
key development project targeting the renewable segment remains on track.

 

Dividend

The Board of Mincon Group plc has approved the payment of an interim dividend
in the amount of €0.0105 (1.05 cent) per ordinary share, which will be paid
on the 5th of December 2025 to shareholders on the register at the close of
business on 14th November 2025.

 

 
Ends

23 October 2025

 

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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