MLG Oz Ltd (ASX:MLG) has unveiled its full-year 2026 financial results, showcasing a transformation from a revenue-growth story to one of margin expansion and operational excellence. The company's net profit after tax surged 34.7% to $16.3 million, significantly outpacing revenue gains of 3.9%.
The company's shares rose 3.21% to $0.805 following the presentation, with the results demonstrating improved earnings quality across its 37-site network in Western Australia and the Northern Territory.
Financial Highlights
MLG delivered substantial improvements across all major profitability measures for the year ended June 30, 2026. Revenue reached $561.4 million, up 3.9% from $540.4 million in the prior year. EBITDA climbed 14.2% to $75.5 million, expanding the margin to 13.4% from 12.2%.
The company attributed its margin expansion to four key factors: profit focus, greater demand for crushing services, strong cost control, and disciplined capital management. Revenue from crushing services rose 7.0% to $48.7 million, driven by higher equipment utilization and a greater number of distinct projects operating on both day-only and 24-hour schedules.
Operational Performance
MLG's integrated service model is delivering improved earnings quality, with the company providing civil and mining services, crushing and screening, bulk haulage and site services, and construction materials through owned and operated quarries. The company's client roster spans the gold sector and other metals, with relationships across major producers including Gold Fields, Northern Star Resources, Newmont, BHP, Fortescue, and Rio Tinto.
