Earnings release
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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 Irishengineering group specialising in the design, manufacture, sale and servicing of rock drilling tools andassociated consumable products, today provides a trading update for the 9 months to 30th September2026. 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, withmost of this growth coming from the construction sector. As noted in our H1 report, we continue to gaintraction 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 infrastructureprojects 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 acrossAfrica, Australia and North America during the period. Higher raw material costs continued to put somepressure on margins during the past quarter, some of which we offset through modest price increases tocustomers. These cost pressures have since eased and, with the operating leverage from higherthroughput 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 nowexpects that full year 2026 revenue and EBITDA will be ahead of market expectations. Ends For further information please contact: Mincon Group plcJoe Purcell – Chief Executive Officer Tel: +353 (61) 361099Mark McNamara – Chief Financial OfficerTom Purcell – Chief Operations Officer Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and Joint Broker)Anthony Farrell Tel: +353 (1) 679 6363Daragh O’ Reilly Shore Capital (Joint Broker)Malachy McEntyre Tel: +44 (0) 20 7408 4090Mark PercyDaniel Bush Forward looking statements:Any forward-looking statements made in this document represent the Board’s best judgment as to whatmay occur in the future. However, the Group’s actual results for the current and future financial periodsand corporate developments will depend on a number of economic, competitive and other factors, someof which will be outside the control of the Group. Such factors could cause the Group’s actual results forfuture periods to differ materially from those expressed in any forward-looking statements included inthis announcement. About Mincon:Mincon specialises in the design, manufacture, sale and servicing of rock drilling tools and associatedproducts. The Group’s strategy is to increase its share of the global rock-drilling consumables marketthrough organic growth and acquisitions. Its manufacturing facilities are located in Ireland, Finland, theUSA, South Africa, Canada, Sweden and Australia. The Group also maintains a network of sales anddistribution companies in a number of international markets to provide after sales support and service tocustomers. The person responsible for arranging the release of this announcement on behalf of Mincon, is MarkMcNamara, Chief Financial Officer.
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