Mastermyne Group (ASX:MYE) reported preliminary fiscal year 2026 revenue of AU$237.7 million and underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$20.3 million, both exceeding the company's outlook, according to a Wednesday filing with the Australian bourse.

The company previously guided for fiscal year 2026 revenue of AU$220 million to AU$230 million and underlying EBITDA of AU$17 million to AU$18 million.

Mastermyne said it saw strong acceleration in the second half of the fiscal year, driven by high strata consolidation activity, favorable market conditions, and higher production activity across some of its larger projects.

The company ended June with an order book of AU$432 million, up from AU$314 million as of June 30, 2025. The pipeline of targeted opportunities has increased to AU$1.5 billion, of which AU$823 million is considered near-term, it said.

Mastermyne also reported a net cash position of AU$46.5 million at the close of June, up from AU$33.1 million at the end of 2025.

The company's shares surged 34% in recent Wednesday trade.