Key Highlights

  • Mayfield Group Holdings Limited (ASX:MYG) shares traded at $1.38 on 21 October 2026, down 20.92%.
  • Mayfield’s FY26 annual report, dated 26 August 2026, shows revenue up 43.0% to $168,982,330.
  • Statutory profit after tax was $8,037,411 and underlying EBITDA was $18,458,545, with a fully franked final dividend of 2.4 cents declared.

Mayfield Group Holdings Limited (ASX:MYG) shares fell 20.92% to trade at $1.38 during the trading session on 21 October 2026, while the S&P/ASX 200 (XJO) stood at 8,809.20, down 7.70 points or 0.087%. Mayfield’s latest ASX announcement is its FY26 annual report for the year ended 30 June 2026, authorised for issue on 26 August 2026.

About Mayfield Group

Mayfield Group Holdings Limited provides electrical and telecommunications infrastructure products and services. Its annual report refers to Switchcraft Pty Ltd, a South Australian manufacturer of electrical switchboards and energy management products, and to SMEC Power & Technology, a business acquired on 31 March 2026 that provides electrical infrastructure, maintenance and project services to the mining, utilities and infrastructure sectors.

FY26 results

Sales revenue rose 43.0% to $168,982,330, from $118,144,726 in FY25, driven by activity across the group. Profit before tax was $12,754,208 (FY25: $9,871,264), and profit after income tax was $8,037,411 compared with $6,759,884. Underlying EBITDA was $18,458,545, up from $11,988,879.

Basic earnings per share were 7.38 cents (FY25: 7.23 cents). The share price at financial year end, as recorded in the report, was $2.91 compared with $1.05 a year earlier.

Dividends and acquisitions

Mayfield paid a fully franked interim dividend of 2.0 cents per share for FY26. On 26 August 2026 the directors declared a fully franked final dividend of 2.4 cents per share, with a record date of 4 September 2026 and payment on 17 September 2026. Total FY26 dividends declared were 4.40 cents per share, compared with 8.50 cents in FY25, a year that included a special dividend of 5.3 cents.

The SMEC Power & Technology acquisition, completed on 31 March 2026, broadened the group’s capabilities into specialised underground mining electrical systems and related support services. The report also records contingent consideration for acquisitions, measured using actual EBITDA performance and share price at year end.

The report records that total dividends declared fell to 4.40 cents per share from 8.50 cents, which included a 5.3 cent special dividend in FY25, while basic earnings per share edged up to 7.38 cents from 7.23 cents. Five-year data in the report show sales revenue rising from $82.3 million in FY22 to $169.0 million in FY26.

Sector context

Electrical and telecommunications infrastructure suppliers serve customers in mining, utilities and infrastructure, where demand typically follows project activity, maintenance cycles and capital programs.

Companies that grow through acquisitions often report step-changes in revenue because acquired businesses contribute from their completion dates, which can make year-on-year comparisons reflect both organic and acquired activity.

Risks and uncertainties

Total declared dividends fell year on year because the prior year included a special dividend. Contingent consideration linked to acquisitions is exposed to EBITDA outcomes and share price movements, and integration of acquired businesses carries operational risk.

The report notes foreign currency and other market risks, and revenue recognised over time depends on estimates of costs to complete contracts. Results can vary with project timing and customer demand.

What's next

The final dividend of 2.4 cents per share was scheduled for payment on 17 September 2026. The report points to continued integration of acquired businesses as the group grows its electrical infrastructure offering, and further updates will follow in the company’s ASX announcements.