MLG Oz Limited (ASX:MLG) Reports Interim Financial Results
Financial Performance
MLG Oz Limited reported a 20.5% increase in revenue for the half-year ended 31 December 2024, reaching AUD $272.9 million. However, net profit after tax declined by 42.7% to AUD $4.1 million compared to the previous period.
Operational Achievements
Revenue growth was driven by high activity levels across the Gold Industry and sustained demand for MLG’s integrated services. Pricing trends remained aligned with inflation and contractual adjustments. The operational teams successfully expanded revenue streams and managed high client volumes, despite lower revenue in the crushing and screening business.
Future Outlook
MLG Oz expects further revenue growth and improved profit margins in the second half of FY2025 as new projects commence and fleet capacity is deployed to support client growth needs. The company anticipates an increase in revenue from new contract opportunities and continued organic growth from existing projects.
Dividends
The directors have not declared an interim dividend for the period ended 31 December 2024.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.