Mastermyne Group (MYE) H2 2025 Earnings Call August 26, 2025 08:00 PM ET Company ParticipantsJeff Whiteman - CEO, MD & DirectorMatt Ruhl - CFOConference Call ParticipantsJohn Burgess - Senior AnalystNone - AnalystJeff WhitemanThank you, Kerry. Good morning, and welcome to the FY 'twenty five full year results call for Mastermind Group Limited. I'm Geoff Whiteman, the MD and CEO. I'm also joined by Matt Rule, our CFO, who joined with the group in January. Thank you for taking the time to dial in.Turning now ...

Financial Data and Key Metrics Changes - Revenue declined by 27% due to mine suspensions and closures, notably at Grosvenor, Integra, and Moranbah North [5] - Underlying EBITDA was £13,200,000, reflecting cost efficiencies and operational improvements [6] - Operating cash flow remained steady at £16,900,000, comparable to the prior year [7] - Year-end net cash position was £29,100,000, with cash reserves increasing to £30,400,000 from £26,000,000 [8] Business Line Data and Key Metrics Changes - The order book grew to £314,000,000, driven by new contracts at Peabody Energy's Centurion mine and GM3 Zappin mine [13] - The company maintained a focus on safety performance, achieving a total recordable injury frequency rate (TRIFR) of 5.09, down from 9.85 [10] Market Data and Key Metrics Changes - The company operates in three major underground coal regions in Australia: Central Queensland, Hunter Valley, and Illawarra [4] - The market faced pressures due to lower coal prices and external events affecting production [3] Company Strategy and Development Direction - The company aims to build its capital position to align with organic and inorganic growth strategies, leading to a nil final dividend for FY '25 [3] - A pipeline of contract opportunities worth approximately £900,000,000 is in place, resulting from a targeted approach to winning work [13] - The company is focused on enhancing competitive advantages through efficiency savings and leveraging industry connections [14] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for FY '26 despite ongoing industry headwinds, with expectations of realizing the full benefits of new contracts [13] - The company is committed to improving safety performance and addressing social and governance responsibilities [12] Other Important Information - The company has been working on system and process improvements to drive competitive advantage [4] - There have been board changes, including the appointment of Peter Barker as a non-executive chair [12] Q&A Session Summary Question: Inquiry about the process of laying off and rehiring workers - Management indicated that they have been flexible with workforce scale in partnership with Anglo, maintaining a presence at sites even during essential services [18] - They expressed confidence in being able to rehire experienced workers as needed [20] Question: Comfort regarding implications for same job, same pay issues - Management noted that they are seeing clients respond positively to these challenges and are working through them [21] Question: CapEx profile for next year - Management confirmed that they do not expect any large increases in CapEx for FY '26, aiming to maintain their financial position [31]

August 2025 | �� | | --- | | ��� | | �� | | �� | | �� | FY25 FULL YEAR RESULTS For personal use only Mastermyne Group Limited ABN 96 142 490 579 (formerly Metarock Group Limited) FY25 Headline Financials Despite lower revenue due to external events, cashflow consistent with prior year, further enhancing the robust capital position. Order book grown with awards at two new significant projects. For personal use only $214m Revenue $3.2m Underlying NPAT FY24: $294m FY24: $19.6m $13.2m Underlying EBITDA FY24: $2 ...