The Mayfield Group Holdings Ltd (ASX: MYG) share price is up 18% to $2.47 on Thursday after the company reported a 43% lift in revenue to $169.0 million and an 18.9% rise in full-year statutory net profit after tax (NPAT) to $8.0 million.
What did Mayfield Group Holdings report?
- Revenue: up 43% to $169.0 million
- Statutory NPAT: up 18.9% to $8.0 million
- Underlying NPAT: up 50% to $10.9 million
- Underlying EBITDA: up 54% to $18.5 million (margin: 10.9%)
- Final fully franked dividend: 2.4 cents per share declared (total FY26 dividends: 4.4 cents)
- Operating cash flow: $5.0 million, with year-end cash at $21.8 million
What else do investors need to know?
Mayfield delivered record financial results, driven by ongoing demand across data centre, mining and utilities sectors, as well as the acquisitions of BE Switchcraft and SMEC Power & Technology. These deals broadened Mayfield’s manufacturing capabilities and market reach, with the new businesses contributing to group revenue and profit since completion.
The company completed a $33.5 million capital raising to help fund acquisitions and support future growth. Net tangible assets increased to 48.84 cents per share, and management says the group remains well placed for further investment or bolt-on opportunities.
What’s next for Mayfield Group Holdings?
Mayfield has declared a fully franked final dividend of 2.4 cents per share, payable in September. Looking ahead, the group expects continued growth, supported by recent acquisitions, an expanded manufacturing footprint, and ongoing investment in people and systems. Mayfield is targeting further expansion opportunities, including the recently acquired Nilsen Switchboards division (to be recognised in FY27).
Management says its balance sheet strength gives it flexibility to pursue value-adding strategic growth in key sectors.
Mayfield Group Holdings share price snapshot
The Mayfield Group Holdings share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months, surging around 70% over the period.
The post Mayfield Group share price jumps 18% after delivering record profit and higher dividend appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro 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 recommended Mayfield Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.