Western Australian mining company, MLG Oz, has released its half-year financial results for the period ending 31 December 2025.
The business delivered a statutory revenue of $287.2 million (up 5.2 per cent on the prior corresponding period) and net profit after tax (NPAT) of $7.1 million (up 73.2 per cent).
Pro-forma earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24.5 per cent to $36.5 million, with margins expanding to 12.8 per cent.
Earnings quality continued to improve throughout the period.
Operating cash flow before tax and financing costs increased to $30.1 million, with cash conversion strengthening to 83 per cent.
Net assets grew to $153.4 million and gearing reduced to 0.84x, reflecting a disciplined approach to capital allocation and balance sheet management.
In addition, MLG Oz declared a fully franked interim dividend of 1.25 cents per share.
MLG Oz Acting CEO, Mark Hatfield, said despite a rain-impacted start to the first half of the year, operational teams delivered a strong finish – lifting consistency and margin performance across the group.
“We are very pleased to again demonstrate a strong improvement in profitability,” he said.
“The performance of our operational teams has been exceptional, and it is very pleasing to see continued margin improvement across the group.
“Importantly, demand for our integrated services remains strong, particularly in the gold sector, which is experiencing unprecedented prices and sustained production.”
MLG Oz said gold market fundamentals are remaining supportive, with high prices continuing to drive activity across the sector.
The business now remains optimistic for the remainder of the financial year.
“The second half is well-positioned, and we continue to assess opportunities to strengthen our position within the gold value chain where it makes strategic and economic sense,” MLG Oz said.
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