MyEco Group Limited (ASX:MCO) Announces Q3 FY25 Sales Update
Financial Performance
MyEco Group Limited (ASX:MCO) reported total sales of $3.9 million in Q3 FY25, a decrease of 10.2% compared to the prior corresponding period and 4.6% quarter on quarter. Year to date sales up to 31 March 2025 increased by 10.3% on a continuing operations basis.
Segment Performance
MyEco® branded global sales were $1.5 million in Q3 FY25, up 63.6% on the prior corresponding period, driven by a 75.1% increase in Australia. Council and waste management sales declined by 32.7% PCP and 2.2% QOQ to $1.2 million. Sustainable resin sales decreased by 43.8% PCP and 13.8% QOQ to $0.5 million. Sustainable film sales were $0.2 million, down 7.4% PCP but up 16.1% QOQ.
Sales Outlook
MyEco Group expects to increase overall sales in the second half of FY25 compared to the first half. The company is finalising operational restructuring to reduce costs and enhance production flexibility. New FOGO orders and contracts support this growth outlook.
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 positions in and has recommended MyEco Group Ltd. 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.
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