Interim Trading Update

Mincon Group Plc

09 October 2026

 

This announcement contains inside information

MINCON GROUP PLC

(“Mincon” or the “Group”)

Q3 2026 TRADING UPDATE

Dublin, London 09 October 2026:  Mincon Group plc (Euronext: MIO; AIM: MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated consumable products, today provides a trading update for the 9 months to 30th September 2026.

The strong momentum reported in the Group's half-year results has continued through the third quarter, and revenue for the nine months to 30 September 2026 is 28% ahead of the same period in 2025, with most of this growth coming from the construction sector. As noted in our H1 report, we continue to gain traction with customers in the construction market, driven by our innovative drilled foundations solution, spiral flush. This is particularly evident in North America, where work on existing major infrastructure projects will continue into 2027. During the quarter we also won two significant new projects in Sweden, which we expect to complete between Q4 2026 and Q1 2027.

Continuing the momentum from the first half of the year, our mining business has also grown across Africa, Australia and North America during the period. Higher raw material costs continued to put some pressure on margins during the past quarter, some of which we offset through modest price increases to customers. These cost pressures have since eased and, with the operating leverage from higher throughput in our operating facilities, we expect margins to improve further in the remainder of 2026.

Accordingly, on account of the strong trading momentum through to 30 September 2026, the Board now expects that full year 2026 revenue and EBITDA will be ahead of market expectations.

Ends

For further information please contact:

Mincon Group plc

Joe Purcell – Chief Executive Officer   Tel: [phone]

Mark McNamara – Chief Financial Officer

Tom Purcell – Chief Operations Officer

Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker)

Anthony Farrell      Tel: [phone]

Daragh O’ Reilly

Shore Capital (Joint Broker)

Malachy McEntyre     Tel: [phone]

Mark Percy

Daniel Bush

Forward looking statements:

Any forward-looking statements made in this document represent the Board’s best judgment as to what may occur in the future. However, the Group’s actual results for the current and future financial periods and corporate developments will depend on a number of economic, competitive and other factors, some of which will be outside the control of the Group. Such factors could cause the Group’s actual results for future periods to differ materially from those expressed in any forward-looking statements included in this announcement.

About Mincon:

Mincon specialises in the design, manufacture, sale and servicing of rock drilling tools and associated products. The Group’s strategy is to increase its share of the global rock-drilling consumables market through organic growth and acquisitions. Its manufacturing facilities are located in Ireland, Finland, the USA, South Africa, Canada, Sweden and Australia. The Group also maintains a network of sales and distribution companies in a number of international markets to provide after sales support and service to customers.

The person responsible for arranging the release of this announcement on behalf of Mincon, is Mark McNamara, Chief Financial Officer.

 

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