MLG OZ Ltd
ASX:MLG
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MLG OZ Ltd
ASX:MLG
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AU |
MLG OZ Ltd
MLG Oz Ltd. provides silica mining and haulage services. The company is headquartered in Kalgoorlie, Western Australia. The company went IPO on 2021-05-04. The firm operates throughout the Goldfields and regional Australia. Its offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labor hire and mine site haulage. Its revenue streams include Mine Site Services and Bulk Haulage, Crushing and Screening and Export Logistics. The Mine Site Services and Bulk Haulage revenue stream comprises a range of mining services, which includes crusher feed, road maintenance, vehicle maintenance, machine and labor hire and rehabilitation work. The Crushing and Screening revenue stream involves the provision of mobile and fixed plant crushing services via a fleet of track and skid mounted crushing equipment, general screening operations and concrete production and road base production. The Export Logistics revenue stream provides end-to-end export logistics solutions.
MLG Oz Ltd. provides silica mining and haulage services. The company is headquartered in Kalgoorlie, Western Australia. The company went IPO on 2021-05-04. The firm operates throughout the Goldfields and regional Australia. Its offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labor hire and mine site haulage. Its revenue streams include Mine Site Services and Bulk Haulage, Crushing and Screening and Export Logistics. The Mine Site Services and Bulk Haulage revenue stream comprises a range of mining services, which includes crusher feed, road maintenance, vehicle maintenance, machine and labor hire and rehabilitation work. The Crushing and Screening revenue stream involves the provision of mobile and fixed plant crushing services via a fleet of track and skid mounted crushing equipment, general screening operations and concrete production and road base production. The Export Logistics revenue stream provides end-to-end export logistics solutions.
Strong Results: MLG delivered a record first half with revenue up 6%, EBITDA up 24%, EBIT margin up 60%, and net profit after tax up 90%.
Margins Improvement: The company’s EBITDA margin rose to 12.8%, trending towards its 15% target, driven by operational discipline and consistent project delivery.
Dividend Resumed: MLG resumed paying fully franked dividends, with a payout ratio around 25%, reflecting confidence in cash generation.
Balance Sheet Strength: Net debt remained stable around $61 million, while improved profitability reduced gearing and kept headroom in facilities.
Positive Outlook: Management described the outlook as bullish, especially for gold-related services, with additional growth expected in iron ore and processing opportunities.
Operational Momentum: Strong recovery after a wet Q1 led to a robust Q2, and H2 performance is expected to be in line with H1, with further upside dependent on new contract approvals.
Labor Market: Labor remains competitive, but recent HR investments are helping retain talent and manage inflationary pressures.
