)
Edge31 Oct 2025
Rolls-Royce: Full Thrust Ahead
From century-old crafted perfection to pandemic shock and reset, Rolls-Royce's story is shaped by heritage, turbulence, and a disciplined climb back.
Mitchell Services (MSV) investor relations material
Mitchell Services Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary21 Oct, 2025
Executive summary
Delivered a strong, clean first quarter for FY 2026, with significant improvement over Q1 FY25 due to better weather, fewer client delays, and improved results from projects that previously incurred ramp-up costs.
Gold sector performance is robust, while coal remains at historically low rig utilization due to Queensland royalty regime.
Utilization rate was around 70%, with 60+ rigs out of 90 operating, indicating leverage for future earnings growth.
Balance sheet is in its best shape, with net debt reduced to $0.9m, a 93% decrease since June 30, 2025, and strong cash flow generation.
Closed a $24 million decarbonization JV transaction with Sumitomo, providing validation and growth opportunities.
Financial highlights
Quarterly EBITDA reached $11.8m, up 68% year-over-year, with margin at 22.1%, at the high end of the historical 15–20% range.
Quarterly EBT was $6.1m, showing exponential growth compared to Q1 FY25.
Operating cash flow was $9.8m, up 70% year-over-year, with cash flow normalized due to absence of major new contract mobilizations.
Net debt reduced to $0.9m, a 93% decrease since June 30, 2025.
Revenue for the quarter was $53.4m, up 1.3% year-over-year.
Outlook and guidance
Caution against annualizing Q1 results due to seasonality, with Q1 and Q4 typically being the strongest quarters.
Sustaining CapEx for FY 2026 expected to be around $15 million, with $3.5 million spent in Q1.
EBITDA margin guidance remains at 15–20% under normal conditions, with potential upside if utilization and demand increase.
Utilization rates expected to remain stable in Q2, with potential for increased gold-related activity if current prices persist.
Board strategy session in November to set medium- and long-term targets, including rig count and business exposure.
Strategy to improve rig utilisation?
Capital allocation priorities with net cash?
Loop Decarbonisation's growth trajectory?
Gold tailwinds vs. coal's drag on revenue?
Strategy to increase rig utilization to 90%?
Diversification strategy to smooth cyclicality?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Mitchell Services earnings date
Q2 202628 Jan, 2026
Next Mitchell Services earnings date
Q2 202628 Jan, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Mitchell Services Limited is a drilling services company that provides exploration and mine development drilling solutions to the mining and resources sector. Its services include surface and underground drilling, including diamond and reverse circulation drilling, across a range of commodities such as gold, copper, coal, and other minerals. The company supports clients throughout various stages of the mining lifecycle, from early exploration to production. Mitchell Services Limited operates primarily in Australia, serving mining companies of various sizes. The company is headquartered in Brisbane, Australia, and its shares are listed on the ASX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage