Mastermyne Group Sees Fiscal Year 2025 Revenue of Up to AU$216 Million, Shares Fall 3%

MT Newswires Live

2025/07/25

Mastermyne Group (ASX:MYE) said it expects revenue to be in the range AU$212 million to AU$216 million for the fiscal year ended June 30, compared to AU$294 million revenue from continuing operations in 2024, according to a Friday Australian bourse filing.

The company said its results will be impacted by the suspension of production activities at Grosvenor mine following an event on June 29, 2024, and the closure of Integra mine in August 2024, among other factors.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) for the fiscal year are expected to be in the range of AU$11 million to AU$13 million, compared to AU$27.5 million in the prior corresponding period, the filing added.

The company's net cash position as of June 30 was AU$29 million, up from AU$21.8 million as of June 30.

The company's shares fell 3% on market close.

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