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- Last 2026-11-06
- A$0.62
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
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- Upside
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- Mkt cap
- A$131.7M
- EV
- A$135.2M
- Cash
- A$12.1M
- Debt
- A$11.4M
1 newer ASX announcement not yet reflected in this valuation
- 2026 AGM - CEO presentationLatest Operating Presentation
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Sign in or enter a guest codeAnnouncements
Latest 12 of 9All sources ▸- Annual Report 2026Results
- Extension of share buy-backCorporate Action
- 2026-07-16_Update - Notification of buy-back - MSVCorporate Action
- Notification of cessation of securities - MSVCorporate Action
- Notification regarding unquoted securities - MSVGovernance
- Application for quotation of securities - MSVCorporate Action
- 1H26 Investor PresentationResults
- Annual Report 2025Results
- Notification regarding unquoted securities - MSVGovernance
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Programme permitted for no longer than 12 months from 30 July 2026 | Extended on-market buy-back programme reaches its maximum term | Corporate Action | Company Guided | Medium | Actual repurchases and cancellations, if any, would change cash and ordinary shares; authority alone does not. |
| First half FY27 through 31 December 2026 | First-half FY27 operating-rig progression | Production | Company Guided | High | Tests whether 68 rigs at the August call become sustained shifts and cash returns rather than only mobilization costs. |
| 21 October 2026 at 10am Brisbane time | AGM: executive-chair re-election and proposed placement capacity | Governance | Confirmed | Medium | Tests governance and additional 10% placement authority. Authorization would not itself issue shares; no model dilution is assumed without execution. |
Executive roster
As of 2026-09-26Background checks ▸FY26 annual report and results presentation identify Executive Chairman Nathan Mitchell, CEO Andrew Elf and CFO/Company Secretary Greg Switala. Subsequent AGM notice confirms chair and secretary; reviewed director-interest notices do not indicate an executive change.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Nathan Andrew Mitchell | Executive Chairman | Executive Director | — | Annual Report 2026 · FY26 Results Presentation |
| Andrew Michael Elf | Chief Executive Officer | Chief Executive | — | Annual Report 2026 · FY26 Results Presentation |
| Gregory Michael Switala | CFO · Company Secretary | Finance · Company Secretary | — | Annual Report 2026 · FY26 Results Presentation |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Contract drilling services platform
Australia · Papua New Guinea
Producer100% ownedGoldCopperOthers
Operating 90-rig mining-services fleet with 61.5 FY26 average operating rigs, 65 at June year end and 68 at the August results call. Gold clients supplied about 61% of revenue; producing/development/resource-definition work about 80%.
- Revenue
- A$207.4m
- EBITDA margin
- 20.6%d
- Utilisation
- —
- Order book
- —
- Top customer share
- —
Milestones1
- Increase operating-rig count through first-half FY27 contract awards and scope expansions
Pending · High materiality
Other
Loop Decarbonisation Solutions
Australia
Ramping Producer46.88% ownedOthers
Equity-accounted incorporated joint venture with Talisman. MSV diluted from 50% to 46.875% on Sumitomo first subscription; tranche-one conditions completed in FY26. Later tranches remain conditional. Loop incurred FY26 accounting loss A$120,522. Direct MSV drilling service receipts remain in core operations. No owned mineral inventory, resources or reserves.
- Investee
- Loop Decarbonisation Solutions Pty Ltd
- Holding
- 46.9%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
Milestones1
- Demonstrate sustained in-field drilling and service revenue for customer two
Pending · Medium materiality
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Investee
- Unnamed ASX-listed client (not named in AR26)
- Holding
- —
- Shares held
- 600.00k
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- A$300.0k
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited cash A$12.144332m versus equipment financing A$8.658039m and property leases A$2.765338m. The issuer A$3.486293m net-cash measure excludes property leases. A$15m undrawn overdraft and A$21.782719m unused NAB equipment-facility capacity are borrowing headroom, not cash. The September dividend reduces cash by an estimated A$4.249011m in the valuation bridge; subsequent operating cash is not known.
Inventory composition1
Audited consumables inventory A$10.776560m is needed to operate the fleet. It sits in working capital and is not a mineral stockpile or a second equity-bridge asset.
- Operating drilling consumables inventory on hand at 30 June 2026
- A$10.8M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 212.5M
- Fully diluted
- 222.8M
Audited FY26 shares bridge: 211,962,408 opening ordinary shares plus 488,122 vested performance rights equals 212,450,530 ordinary shares; no FY26 buy-back occurred. FY26 annual report itemized options sum to 9,878,925 (opening 9,105,645 plus 1,667,930 offered less 894,650 forfeited), superseding asynchronous Appendix totals and correcting the prior one-option difference. Add 501,030 FY26 rights to reach a conservative gross fully diluted 222,830,485 shares; strike proceeds are excluded and no future repurchases or proposed AGM placement capacity change issued capital. The August presentation confirms ordinary shares at 20 August; subsequent reviewed notices establish no issuance. The 2033 option expiry differs between the annual report narrative (18 June) and Note 17 (20 June); use the detailed Note 17 date, with no valuation impact.
Security classes11
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX-quoted ordinary fully paid shares after the 29 June 2026 performance-right conversion | Ordinary Share | 212.5M | — | — |
| FY26 ESOP performance rights outstanding after conversion of the prior-year rights | Performance Right | 501K | A$0 | — |
| ESOP option tranche: A$0.703 strike, disclosed expiry 2027-06-14 | Option | 811.3K | A$0.703 | 2027-06-14 |
| ESOP option tranche: A$1.1 strike, disclosed expiry 2028-06-14 | Option | 617.5K | A$1.1 | 2028-06-14 |
| ESOP option tranche: A$0.91 strike, disclosed expiry 2029-06-01 | Option | 681.7K | A$0.91 | 2029-06-01 |
| ESOP option tranche: A$0.69 strike, disclosed expiry 2030-05-31 | Option | 881.2K | A$0.69 | 2030-05-31 |
| ESOP option tranche: A$0.63 strike, disclosed expiry 2031-06-23 | Option | 1.3M | A$0.63 | 2031-06-23 |
| ESOP option tranche: A$0.62 strike, disclosed expiry 2032-05-31 | Option | 990.2K | A$0.62 | 2032-05-31 |
| ESOP option tranche: A$0.555 strike, disclosed expiry 2033-06-20 | Option | 1.3M | A$0.555 | 2033-06-20 |
| ESOP option tranche: A$0.34 strike, disclosed expiry 2034-06-20 | Option | 1.6M | A$0.34 | 2034-06-20 |
| ESOP option tranche: A$0.64 strike, disclosed expiry 2035-06-19 | Option | 1.7M | A$0.64 | 2035-06-19 |
KPI history
Operating metrics · Contract drilling services platform
| Metric | Unit | Trend | FY25-Q1 | FY25-Q2 | FY25-Q3 | FY25-Q4 | FY26-Q1 | FY26-Q2 | FY26-Q3 | FY26-Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Average operating rigs | rigs | 61.7 | 64.0 | 62.3 | 64.7 | 62.3 | 61.0 | 60.7 | 62.0 | |
| Drilling shifts | shifts | 8,734 | 8,415 | 8,736 | 9,495 | 9,502 | 8,671 | 8,702 | 9,124 | |
| Service revenue | AUD | 52,707,000 | 46,658,000 | 46,802,000 | 50,484,000 | 53,395,000 | 49,003,000 | 48,543,000 | 56,495,000 | |
| Company-defined EBITDA | AUD | 7,032,000 | 5,620,000 | 5,315,000 | 7,700,000 | 11,787,000 | 9,633,000 | 11,177,000 | 10,170,000 | |
| Operating cash flow | AUD | 5,753,000 | 4,813,000 | (3,660,000) | 11,017,000 | 9,769,000 | 11,018,000 | 4,303,000 | 12,294,000 |
Operating metric source table59
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Average operating rigs | Drilling Services | FY25-Q1 | Quarter | 61.7 rigs | Reported |
| Drilling shifts | Drilling Services | FY25-Q1 | Quarter | 8,734 shifts | Reported |
| Service revenue | Drilling Services | FY25-Q1 | Quarter | 52,707,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY25-Q1 | Quarter | 7,032,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY25-Q1 | Quarter | 5,753,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY25-Q2 | Quarter | 64 rigs | Reported |
| Drilling shifts | Drilling Services | FY25-Q2 | Quarter | 8,415 shifts | Reported |
| Service revenue | Drilling Services | FY25-Q2 | Quarter | 46,658,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY25-Q2 | Quarter | 5,620,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY25-Q2 | Quarter | 4,813,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY25-Q3 | Quarter | 62.3 rigs | Reported |
| Drilling shifts | Drilling Services | FY25-Q3 | Quarter | 8,736 shifts | Reported |
| Service revenue | Drilling Services | FY25-Q3 | Quarter | 46,802,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY25-Q3 | Quarter | 5,315,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY25-Q3 | Quarter | -3,660,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY25-Q4 | Quarter | 64.7 rigs | Reported |
| Drilling shifts | Drilling Services | FY25-Q4 | Quarter | 9,495 shifts | Reported |
| Service revenue | Drilling Services | FY25-Q4 | Quarter | 50,484,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY25-Q4 | Quarter | 7,700,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY25-Q4 | Quarter | 11,017,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY26-Q1 | Quarter | 62.3 rigs | Reported |
| Drilling shifts | Drilling Services | FY26-Q1 | Quarter | 9,502 shifts | Reported |
| Service revenue | Drilling Services | FY26-Q1 | Quarter | 53,395,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY26-Q1 | Quarter | 11,787,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY26-Q1 | Quarter | 9,769,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY26-Q2 | Quarter | 61 rigs | Reported |
| Drilling shifts | Drilling Services | FY26-Q2 | Quarter | 8,671 shifts | Reported |
| Service revenue | Drilling Services | FY26-Q2 | Quarter | 49,003,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY26-Q2 | Quarter | 9,633,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY26-Q2 | Quarter | 11,018,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY26-Q3 | Quarter | 60.7 rigs | Reported |
| Drilling shifts | Drilling Services | FY26-Q3 | Quarter | 8,702 shifts | Reported |
| Service revenue | Drilling Services | FY26-Q3 | Quarter | 48,543,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY26-Q3 | Quarter | 11,177,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY26-Q3 | Quarter | 4,303,000 AUD | Reported |
| Average operating rigs | Drilling Services | FY26-Q4 | Quarter | 62 rigs | Reported |
| Drilling shifts | Drilling Services | FY26-Q4 | Quarter | 9,124 shifts | Reported |
| Service revenue | Drilling Services | FY26-Q4 | Quarter | 56,495,000 AUD | Reported |
| Company-defined EBITDA | Drilling Services | FY26-Q4 | Quarter | 10,170,000 AUD | Reported |
| Operating cash flow | Drilling Services | FY26-Q4 | Quarter | 12,294,000 AUD | Reported |
| Annual service revenue | Drilling Services | FY25 | Year | 196,650,587 AUD | Reported |
| Annual company-defined EBITDA | Drilling Services | FY25 | Year | 25,667,000 AUD | Reported |
| Annual operating cash flow | Drilling Services | FY25 | Year | 17,922,146 AUD | Reported |
| Annual average operating rigs | Drilling Services | FY25 | Year | 63.2 rigs | Reported |
| Company-defined FCF after all-funded PPE additions | Drilling Services | FY25 | Year | -2,596,000 AUD | Reported |
| Company-defined return on invested capital | Drilling Services | FY25 | Year | 2 % | Reported |
| Annual service revenue | Drilling Services | FY26 | Year | 207,435,763 AUD | Reported |
| Annual company-defined EBITDA | Drilling Services | FY26 | Year | 42,767,000 AUD | Reported |
| Annual operating cash flow | Drilling Services | FY26 | Year | 37,383,550 AUD | Reported |
| Annual average operating rigs | Drilling Services | FY26 | Year | 61.5 rigs | Reported |
| Company-defined FCF after all-funded PPE additions | Drilling Services | FY26 | Year | 16,143,000 AUD | Reported |
| Company-defined return on invested capital | Drilling Services | FY26 | Year | 25.2 % | Reported |
| Cash on hand | Company | 2025-06-30 | Point In Time | 1,345,083 AUD | Reported |
| Equipment finance debt (excludes property leases) | Company | 2025-06-30 | Point In Time | 9,705,042 AUD | Reported |
| Cash on hand | Company | 2025-12-31 | Point In Time | 15,471,000 AUD | Reported |
| Equipment finance debt (excludes property leases) | Company | 2025-12-31 | Point In Time | 8,256,000 AUD | Reported |
| Cash on hand | Company | 2026-06-30 | Point In Time | 12,144,332 AUD | Reported |
| Equipment finance debt (excludes property leases) | Company | 2026-06-30 | Point In Time | 8,658,039 AUD | Reported |
| Operating rigs at results call | Drilling Services | 24 August 2026 | Point In Time | 68 rigs | Reported |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Operating Rig Count Expected To Increase | drilling-services | 1H FY27 | — | — rigs | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-17Ann. 2026-08-24 | Dividend | A$4.2M | — | — | Completed | — |
| 2026-07-30Ann. 2026-07-16 | BuybackOrdinary Fully Paid Shares | — | — | — | Ongoing | Board-authorized extension for no longer than 12 months, permitting repurchase of up to 10% of fully paid ordinary shares; authorization is not treated as execution.Max 21.2M · Period 2026-07-30 to 2027-07-29 · No more than 5% above the five-trading-day VWAP under the continuing programme terms disclosed in the FY25 annual report. · Morgans Financial Limited |
| 2026-03-17Ann. 2026-02-19 | Dividend | A$8.5M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Audited FY26 arrangements and financing obligations reconciled against original Loop agreement and later presentation. No material royalty, stream, offtake, commodity hedge or FX hedge was identified; MSV is a service operator.
MSV holds 46.875% of an equity-accounted Loop venture with Talisman and has a A$150,000 recoverable loan. FY26 Loop loss was A$120,522; the A$620,989 MSV recognition gain reflects net-assets movement around outside equity funding, not a dividend.
Joint Venture · Active- Counterparties
- Talisman Technical
- Applies to
- Loop Decarbonisation Solutions · Others
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Current MSV equity interest after tranche 1: 46.88 %
Loan recoverable from Loop: 150,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
First A$1.5m subscription for 6.25% completed and conditions subsequent met in FY26. Second A$1.5m for another 6.25% depends on another contract. Third tranche price/valuation remain to be agreed, aiming for Sumitomo 20-25%. A$24m is a conditional whole-Loop transaction reference, not MSV cash consideration.
Strategic Partnership · Active- Counterparties
- Sumitomo Corporation subsidiary
- Applies to
- Loop Decarbonisation Solutions · Others
- Economic direction
- Mixed
- Period
- From 2025-08-29; no end date stated
- Key terms
- Completed first subscription cash: 1,500,000 AUD
Completed first subscription stake: 6.25 % of Loop
Conditional second tranche cash: 1,500,000 AUD
Potential ultimate Sumitomo stake: 20-25 % of Loop
How it affects our valuation
No valuation treatment is available for this arrangement.
Equipment-financing obligations deducted once from the enterprise value. Existing loans average 1.3 years remaining; one June facility floats on BBSY while others are fixed. Maintenance reinvestment is embedded in the valuation benchmark, not netted from the debt amount.
Other · Active- Counterparties
- National Australia Bank and equipment-finance lessors
- Applies to
- Contract drilling services platform
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Equipment financing principal: 8,658,039 AUD
Disclosed effective rate range: 6.19%-7.75% %
How it affects our valuation
No valuation treatment is available for this arrangement.
Right-of-use property obligations including related-party head-office premises are deducted once in the equity bridge. The analyst benchmark treats EBITDA before financing-like property lease claims; it does not also subtract lease principal as operating cash flow.
Other · Active- Counterparties
- Property lessors including Mitchell Family Investments (QLD) Pty Ltd
- Applies to
- Contract drilling services platform
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Property lease liabilities: 2,765,338 AUD
FY26 related-party rent: 358,989 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Part of drilling consideration settled in client shares. The financial asset is added once at reported marked value; no repeat service receivable or recurring profit is added. Identity and post-June share value are unavailable.
Other · Active- Counterparties
- Unnamed ASX-listed drilling client
- Applies to
- Contract drilling services platform
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Client equity holding: 600,000 shares
Initial subscribed price: 0.5 AUD/share
Year-end marked value: 234,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The FY2026 improvement in earnings and net cash followed a difficult prior year. Leadership coverage is broader than the V8 roster; a serious injury, a rising reported FY2026 injury frequency and disclosed related-party dealings are material context. Several personnel and source records remain incomplete.
Decision-relevant facts
Material summary
Nathan Andrew Mitchell
Executive Chairman
Company SuccessIssuer Reported · Medium materiality
FY2026 earnings and cash flow improved sharply
Mitchell Services reported FY2026 EBITDA of A$42.8m, up 67% on FY2025; profit after tax of A$15.2m versus A$0.5m; operating cash flow of A$37.4m, up 107%; and net cash A$3.5m versus net debt of A$8.4m at FY2025 year-end. The company declared a 2.0c fully franked final dividend, bringing FY2026 dividends to 6.0c/share. Chairman Nathan Mitchell described the result as among the strongest in the company’s history. The company statement does not quantify individual executive contributions.
Role overlaps event; causation unproven · The performance figures are company-wide. Nathan Mitchell publicly commented as Executive Chairman, but this does not establish that any named executive individually caused the results.
Annual Report 2026 · printed pp. 3–4 and 22 (PDF pp. 5–6 and 24), visually checked
GovernanceIssuer Reported · Medium materiality
Related-party dealings disclosed by company
The FY2026 annual report reports A$358,989 rent and A$63,601 utilities to a Nathan Mitchell-controlled property company; an entity in which he is a significant shareholder received A$85,250 in rig-sale commissions and A$17,182 for parts. Mitchell Services says dealings were on normal market terms. We did not independently verify pricing or the negotiation process.
Individual involvement documented · The issuer identifies Nathan Mitchell’s interests, but disclosure does not establish improper conduct.
Annual Report 2026 · printed pp. 71–72 (PDF pp. 73–74), visually checked
Evidence gaps · 2
- Independent verification of qualifications and complete prior-employer tenure was not obtained.
- The search is limited open-web screening; court, regulator, sanctions and professional records were not exhaustively checked.
Andrew Michael Elf
Chief Executive Officer
SafetyIssuer Reported · Medium materiality
Serious hand injury and rig suspension
The company said a worker sustained a serious hand injury in the December 2022 quarter, and five rigs were suspended for about a month during the associated investigation. It expected a full recovery. The underlying investigation and final findings were not found.
Role overlaps event; causation unproven · Elf was CEO during the period; the source establishes no individual fault or finding against him.
Quarterly Investor Update · p. 1, Health & Safety
Company SuccessIssuer Reported · Medium materiality
September 2026 quarter included an insurance benefit
For the September 2026 quarter the company reported revenue of A$66.5m and EBITDA of A$18.7m. EBITDA included a one-off A$3.4m Grosvenor underground insurance benefit; underlying EBITDA was A$15.3m, up 29% against the corresponding prior-year quarter. Figures are unaudited management accounts.
Role overlaps event; causation unproven · Elf signed the update as CEO; the performance is company-wide and causation is not individually established.
Quarterly Investor Update · pp. 1–2, record earnings and underlying EBITDA
Evidence gaps · 3
- Independent verification of qualifications and complete prior-employer tenure was not obtained.
- The search is limited open-web screening; court, regulator, sanctions and professional records were not exhaustively checked.
- The final findings and worker recovery after the December 2022 hand injury were not obtained.
Gregory Michael Switala
CFO, Company Secretary
FailureIssuer Reported · Medium materiality
Contract receivable impairment and settlement
The group disclosed A$9.625m in unpaid SMS contract invoices and a FY2021 impairment after the contract ended. It agreed an A$5m settlement; the 2022 annual report confirms all three instalments were received, with an additional GST-related impairment reversal. The remaining unpaid gross balance was written off.
Role overlaps event; causation unproven · Switala held the finance role during the period; the records do not identify personal causation or misconduct.
Annual Report 2022 · printed p. 51, trade receivables and impairment
Evidence gaps · 3
- Independent verification of qualifications and complete prior-employer tenure was not obtained.
- The search is limited open-web screening; court, regulator, sanctions and professional records were not exhaustively checked.
- Direct contribution and personal decision-making on the historical SMS contract were not established.
Josh Bryant
General Manager, People, Risk and Sustainability
Personal SuccessDocumented · Medium materiality
Professional body credits risk-management leadership
AusIMM’s 2020 award profile identifies Bryant’s leadership in Mitchell Services’ shift in safety practices and reports improved injury frequency and severity during the period it reviewed. Its recognition is not an independent evaluation of every later incident.
Individual involvement documented · The award profile expressly credits Bryant’s leadership; company outcomes remain influenced by the wider team.
Historical award winners · printed p. 43, Josh Bryant 2020 award
SafetyIssuer Reported · Medium materiality
Recordable injury frequency increased in FY2026
The FY2026 annual report gives total recordable injury frequency of 8.3 for FY2026 versus 7.1 in FY2025. The same table presents safety performance as an option-vesting consideration.
Role overlaps event; causation unproven · Bryant was named GM People, Risk and Sustainability in August 2026; the issuer figures do not establish his individual responsibility for injuries.
Annual Report 2026 · printed p. 22, PDF p. 24; visually inspected
Evidence gaps · 3
- Independent credential records and comprehensive prior-employer histories were not obtained.
- Targeted open-web searches are limited screening, not a legal, criminal, sanctions or professional clearance.
- The exact terms of earlier BHP and Xstrata appointments and independent degree records are unavailable.
Todd Wild
General Manager, Commercial
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credential records and comprehensive prior-employer histories were not obtained.
- Targeted open-web searches are limited screening, not a legal, criminal, sanctions or professional clearance.
- The current issuer contact page is undated; cutoff-date continuity is supported by historical disclosures but not an independently dated October appointment.
Cameron Wright
General Manager, Business Services
Personal SuccessDocumented · Medium materiality
Conference identifies a senior shared-services role
The drilling industry association’s 2026 conference speaker biography describes Wright as Mitchell’s GM Business Services, overseeing HR, assets, maintenance, supply chain and IT. The issuer’s 2015 presentation attributes the founding and later sale of Capricorn Weston Drilling to a Cameron Wright; the intervening biography is consistent but the records do not establish every intervening date.
Individual involvement documented · The conference identifies his current role; the 2015 company presentation identifies his reported earlier enterprise.
DRILL26 speakers · Cameron Wright speaker biography
Acquisition and capital raising presentation · p. 27, Cameron Wright biography
Evidence gaps · 3
- Independent credential records and comprehensive prior-employer histories were not obtained.
- Targeted open-web searches are limited screening, not a legal, criminal, sanctions or professional clearance.
- The September conference programme does not independently prove the role continued on 31 October.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-13 · 212,450,530 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 10.53% | 22,374,442 | |
| 2 | 8.66% | 18,403,603 | |
| 3 | 8.51% | 18,084,842 | |
| 4 | 6.21% | 13,182,888 | |
| 5 | 5.06% | 10,755,723 | |
| 6 | 4.78% | 10,164,099 | |
| 7 | 4.02% | 8,535,917 | |
| 8 | 2.97% | 6,312,905 | |
| 9 | 1.73% | 3,680,000 | |
| 10 | 1.30% | 2,756,496 | |
| 11 | 1.18% | 2,500,000 | |
| 12 | 1.07% | 2,277,511 | |
| 13 | 1.01% | 2,150,000 | |
| 14 | 0.93% | 1,981,681 | |
| 15 | 0.89% | 1,900,000 | |
| 16 | 0.83% | 1,761,681 | |
| 17 | 0.71% | 1,500,255 | |
| 18 | 0.71% | 1,500,000 | |
| 19 | 0.71% | 1,500,000 | |
| 20 | 0.60% | 1,278,879 | |
| 21 | 0.58% | 1,236,576 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 19.89%Issued shares | 2025-02-07 | |
| 7.20%Issued shares | 2019-11-29 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Substantial-holder percentages are historical notice-date figures and may no longer reflect current interests.
- The top-20 list shows registered accounts, not necessarily beneficial owners.
Sources
- Mitchell Services Limited Annual Report 2026
ASX / Mitchell Services Limited · Published 2026-08-24 · Accessed 2026-10-09
Twenty largest ordinary-share accounts as of 13 August 2026; 212,450,530 shares issued; substantial-holder notice summary.
Local PDF downloads/MSV/2026/2026-08-24_Annual Report 2026_94adcc7290e1fbbd.pdf, pp. 81-82
Disclosed activity
Insider transactions
Trading activity7 buys · 4 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-11 | Nathan Andrew MitchellNathan Mitchell and others ATF Mitchell Family Superannuation Fund
Details & evidence for Nathan Andrew Mitchell on 2026-09-11As disclosed: On market purchase.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary fully paid shares | 500,000 | — | — | 1,899,852 |
| 2026-02-27 | Scott David TumbridgeOceanwave Asset Pty Ltd ATF Tumbridge Superannuation Fund
Details & evidence for Scott David Tumbridge on 2026-02-27The three disclosed sales total 1,830,544 and reconcile the superannuation account to nil; Dream Challenge is a distinct account and remains 14,354,068. The interest description says Oceanwave Asset Pty Ltd, while holdings shorten the account name. As disclosed: On-market sale
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SaleOrdinary shares | 505,009 | —Not Disclosed | — | — |
| 2026-02-26 | Scott David TumbridgeOceanwave Asset Pty Ltd ATF Tumbridge Superannuation Fund
Details & evidence for Scott David Tumbridge on 2026-02-26The three disclosed sales total 1,830,544 and reconcile the superannuation account to nil; Dream Challenge is a distinct account and remains 14,354,068. The interest description says Oceanwave Asset Pty Ltd, while holdings shorten the account name. As disclosed: On-market sale
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SaleOrdinary shares | 620,884 | —Not Disclosed | — | — |
| 2026-02-25 | Scott David TumbridgeOceanwave Asset Pty Ltd ATF Tumbridge Superannuation Fund
Details & evidence for Scott David Tumbridge on 2026-02-25The three disclosed sales total 1,830,544 and reconcile the superannuation account to nil; Dream Challenge is a distinct account and remains 14,354,068. The interest description says Oceanwave Asset Pty Ltd, while holdings shorten the account name. As disclosed: On-market sale
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SaleOrdinary shares | 704,651 | —Not Disclosed | — | — |
| 2024-09-17 | Grant MoyleHSBC Custody Nominees (Australia) Limited as nominee for G. Moyle
Details & evidence for Grant Moyle on 2024-09-17The registered holder is HSBC Custody Nominees (Australia) Limited as nominee for G. Moyle. The source states a dollar amount without specifying currency; no AUD cash amount is assumed. As disclosed: On market trade; 187,344 shares disposed for $73,064.16.
director · Start not disclosed HSBC Custody Nominees (Australia) Limited as nominee for G. Moyle · HSBC Custody Nominees (Australia) Limited is nominee for G. Moyle Change of Director's Interest Notice ↗ | SaleOrdinary fully paid shares | 187,344 | —Not Disclosed | — | 96,188 |
| 2023-11-15 | Nathan Andrew MitchellMitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust
Details & evidence for Nathan Andrew Mitchell on 2023-11-15Date in this 3Y is 15 November; later holder 604 gives 10 March 2023 for 100,000 shares at the same amount, possibly the same transaction. Do not count it twice. The conflicting 7 February 2025 holder notice is unresolved: https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02910677-2A1577165 (PDF page 4). As disclosed: On market purchase
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 100,000 | —Not Disclosed | — | 18,454,114 |
| 2023-11-02 | Nathan Andrew MitchellMitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust
Details & evidence for Nathan Andrew Mitchell on 2023-11-02Acquisition was through Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust. Date unresolved: the 3 November 2023 director notice says 2 November; the later 7 February 2025 substantial-holder notice gives 26 October 2023 for the same 270,000 shares and $97,442 (Form 604, PDF page 4: https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02910677-2A1577165). These may be the same economic transaction; not counted twice. The source states a dollar amount without specifying currency; no AUD cash amount is assumed. As disclosed: On market purchase; $97,442 consideration.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ | PurchaseOrdinary fully paid shares | 270,000 | —Not Disclosed | — | 18,354,114 |
| 2023-10-27 | Peter Geoffrey HudsonHudson Family Trust
Details & evidence for Peter Geoffrey Hudson on 2023-10-27Director is trustee of the Hudson Family Trust. The later 2026 final notice has a blank security class and is not assumed to describe the same holding. As disclosed: On-market purchase
director · Start not disclosed Hudson Family Trust · trustee of Hudson Family Trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 20,000 | —Not Disclosed | — | 20,000 |
| 2023-06-30 | Nathan Andrew MitchellNathan Mitchell and others ATF Mitchell Family Superannuation Fund
Details & evidence for Nathan Andrew Mitchell on 2023-06-30Date in this 3Y is 30 June; later holder 604 reports a 298,213-share aggregate over 6–8 June, apparently overlapping this and the 8 June 171,631-share 3Y, with a consideration difference. The conflicting 7 February 2025 holder notice is unresolved: https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02910677-2A1577165 (PDF page 4). As disclosed: On market purchase
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 126,582 | —Not Disclosed | — | 1,399,852 |
| 2023-06-08 | Nathan Andrew MitchellNathan Mitchell and others ATF Mitchell Family Superannuation Fund
Details & evidence for Nathan Andrew Mitchell on 2023-06-08Acquisition was in the Mitchell Family Superannuation Fund account. The later 7 February 2025 holder 604 reports a 298,213-share aggregate for 6–8 June. This appears to overlap this 171,631-share 3Y and a separate 126,582-share 30 June 3Y, but the dates and combined amounts differ; do not add the aggregate again. Holder notice page 4: https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02910677-2A1577165. The source states a dollar amount without specifying currency; no AUD cash amount is assumed. As disclosed: On market purchase; $57,112.47 consideration.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ | PurchaseOrdinary fully paid shares | 171,631 | —Not Disclosed | — | 1,273,270 |
| 2023-05-25 | Nathan Andrew MitchellNathan Mitchell and others ATF Mitchell Family Superannuation Fund
Details & evidence for Nathan Andrew Mitchell on 2023-05-25Acquisition was in the Mitchell Family Superannuation Fund account. The source states a dollar amount without specifying currency; no AUD cash amount is assumed. As disclosed: On market purchase; $50,015 consideration.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Change of Director's Interest Notice ↗ | PurchaseOrdinary fully paid shares | 146,500 | —Not Disclosed | — | 1,101,639 |
Disclosed holding observations15 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-11-01 | Robert Brainsbury
Details & evidence for Robert Brainsbury on 2026-11-01Initial director position reported upon appointment on 1 November 2026; 30,000 Ordinary Shares are listed in Part 1 as registered holder.
director · 2026-11-01 Initial Director's Interest Notice ↗ | InitialOrdinary Shares | 30,000 | — |
| 2026-10-21 | Peter Geoffrey Hudson
Details & evidence for Peter Geoffrey Hudson on 2026-10-2120,000 securities reported on director departure; class is blank in the notice, and no transaction is inferred.
director · Start not disclosed Hudson Family Trust · trustee of Hudson Family Trust Final Director's Interest Notice ↗ | FinalSecurities (class unspecified in notice) | 20,000 | — |
| 2026-06-30 | Grant Moyle
Details & evidence for Grant Moyle on 2026-06-30The final director notice leaves the class blank; the 2026 annual report describes 96,188 shares at his 30 June 2026 resignation but does not name their class. No transaction is inferred.
director · Start not disclosed HSBC Custody Nominees (Australia) Limited as nominee for G. Moyle · HSBC Custody Nominees (Australia) Limited is nominee for G. Moyle Final Director's Interest Notice ↗ Final Director's Interest Notice ↗ Annual Report 2026 ↗ | PositionShares (class not specified) | 96,188 | — |
| 2026-06-30 | Nathan Andrew Mitchell
Details & evidence for Nathan Andrew Mitchell on 2026-06-30Annual report gives aggregate ordinary shares held directly, indirectly or beneficially, including related parties; positions may overlap substantial-holder records and are not transactions.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 42,228,408 | — |
| 2026-06-30 | Neal Macrossan O’Connor
Details & evidence for Neal Macrossan O’Connor on 2026-06-30Annual report gives aggregate ordinary shares held directly, indirectly or beneficially, including related parties; positions may overlap substantial-holder records and are not transactions.
director · Start not disclosed Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 131,499 | — |
| 2026-06-30 | Peter Geoffrey Hudson
Details & evidence for Peter Geoffrey Hudson on 2026-06-30Annual report gives aggregate ordinary shares held directly, indirectly or beneficially, including related parties; positions may overlap substantial-holder records and are not transactions.
director · Start not disclosed Hudson Family Trust · trustee of Hudson Family Trust Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 20,000 | — |
| 2026-06-30 | Peter Richard Miller
Details & evidence for Peter Richard Miller on 2026-06-30Annual report gives aggregate ordinary shares held directly, indirectly or beneficially, including related parties; positions may overlap substantial-holder records and are not transactions.
director · Start not disclosed Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 2,412,505 | — |
| 2026-06-30 | Robert Barry Douglas
Details & evidence for Robert Barry Douglas on 2026-06-30Annual report gives aggregate ordinary shares held directly, indirectly or beneficially, including related parties; positions may overlap substantial-holder records and are not transactions.
director · Start not disclosed Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 248,686 | — |
| 2026-06-30 | Scott David Tumbridge
Details & evidence for Scott David Tumbridge on 2026-06-30Final director notice leaves security class blank, while the annual report independently identifies 14,354,068 ordinary shares at the same 30 June 2026 resignation date. The indirect interest overlaps Dream Challenge and is not an additional holder position; no transaction is inferred.
director · Start not disclosed Final Director's Interest Notice ↗ Final Director's Interest Notice ↗ Annual Report 2026 ↗ | PositionOrdinary fully paid shares | 14,354,068 | — |
| 2025-06-30 | Nathan Andrew Mitchell
Details & evidence for Nathan Andrew Mitchell on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Nathan Mitchell and others ATF Mitchell Family Superannuation Fund · Trustee of Mitchell Family Superannuation Fund; shares held with co-trustees Mitchell Group Holdings Pty Ltd ATF the Andala Trust · Sole director of Mitchell Group Holdings Pty Ltd and beneficiary of the Andala Trust Mitchell Family Investments (Qld) Pty Ltd ATF the Mitchell Family Investment Trust · Sole director of Mitchell Family Investments (Qld) Pty Ltd and beneficiary of Mitchell Family Investment Trust Mitchell Group Holdings Pty Ltd and associates · Associated with Mitchell Group Holdings Pty Ltd and associates, which report a substantial interest in MSV Annual Report 2025 ↗ Change of Director's Interest Notice ↗ | PositionOrdinary fully paid shares | 42,228,408 | — |
| 2025-06-30 | Neal Macrossan O’Connor
Details & evidence for Neal Macrossan O’Connor on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Annual Report 2025 ↗ | PositionOrdinary fully paid shares | 131,499 | — |
| 2025-06-30 | Peter Geoffrey Hudson
Details & evidence for Peter Geoffrey Hudson on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Hudson Family Trust · trustee of Hudson Family Trust Annual Report 2025 ↗ | PositionOrdinary fully paid shares | 20,000 | — |
| 2025-06-30 | Peter Richard Miller
Details & evidence for Peter Richard Miller on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Annual Report 2025 ↗ | PositionOrdinary fully paid shares | 2,412,505 | — |
| 2025-06-30 | Robert Barry Douglas
Details & evidence for Robert Barry Douglas on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Annual Report 2025 ↗ | PositionOrdinary fully paid shares | 248,686 | — |
| 2025-06-30 | Scott David Tumbridge
Details & evidence for Scott David Tumbridge on 2025-06-30Annual Report KMP shareholding table gives direct, indirect or beneficial holdings, including related parties, as at 30 Jun 2025.
director · Start not disclosed Annual Report 2025 ↗ | PositionOrdinary fully paid shares | 16,184,612 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory21 documents
Local MSV ordinary-share daily closeMarket Data · HighExtracted
Latest eligible local ASX MSV daily close returned by miners.reference_price on the fixed cutoff. Re-reviewed this run; fingerprint records the reviewed fact extraction.
- Document ID
- msv-2026-09-25-price
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
2026-09-17_Notice of AGM and ProxyGovernance · HighExtracted
2026-09-17_Notice of AGM and Proxy reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-09-17-agm
- Published UTC
- 2026-09-17T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
2026-09-14_Ceasing to be a substantial holder_a72e32cc8d3ce2b3Governance · MediumExtracted
2026-09-14_Ceasing to be a substantial holder_a72e32cc8d3ce2b3 reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-09-14-dream-exit
- Published UTC
- 2026-09-14T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
FY26 results earnings-call transcriptPresentation · HighExtracted
Management described 68 operating rigs at the call, inventory normalization, available facilities and cautions on capex and margin. Re-reviewed this run; fingerprint records the reviewed fact extraction. The page provides the publication date but no verified intraday release time; end-of-day time and next-session effectiveness are conservative conventions.
- Document ID
- msv-2026-08-24-call
- Published UTC
- 2026-08-24T13:59:59+00:00
- Projects
- drilling-services · loop-decarbonisation
- Commodities
- gold · others
FY26 final dividend notificationCorporate Action · MediumExtracted
Appendix 3A.1 sets the final fully franked ordinary dividend and September timetable. Re-reviewed this run; fingerprint records the reviewed fact extraction. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-08-24-final-dividend
- Published UTC
- 2026-08-24T13:59:59+00:00
- Projects
- —
- Commodities
- —
FY26 Results PresentationPresentation · HighExtracted
Presentation gives the current issued-share count, named executives, FY26 operating mix and cash return record. Re-reviewed this run; fingerprint records the reviewed fact extraction. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-08-24-fy26-presentation
- Published UTC
- 2026-08-24T13:59:59+00:00
- Projects
- drilling-services · loop-decarbonisation
- Commodities
- gold · others
Annual Report 2026Results · HighExtracted
FY26 annual report confirms the earnings and cash recovery and describes the operating and Loop progress. Re-reviewed this run; fingerprint records the reviewed fact extraction.
- Document ID
- msv-2026-08-24-ar26
- Published UTC
- 2026-08-23T21:40:49Z
- Projects
- drilling-services · loop-decarbonisation
- Commodities
- gold · others
FY26 Q4 Quarterly Investor UpdateResults · HighExtracted
Primary issuer Q4 update supplies unaudited FY26 results, cash and debt, operating-rig activity, commodity revenue mix and Loop progress through 30 June 2026. Re-reviewed this run; fingerprint records the reviewed fact extraction. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-07-22-q4
- Published UTC
- 2026-07-22T13:59:59+00:00
- Projects
- drilling-services · loop-decarbonisation
- Commodities
- gold · others
Extension of share buy-backCorporate Action · MediumExtracted
The board extended the on-market buy-back from 30 July 2026 for up to 12 months and authorized purchases of up to 10% of fully paid ordinary shares.
- Document ID
- msv-2026-07-16-buyback
- Published UTC
- 2026-07-15T22:59:53Z
- Projects
- —
- Commodities
- —
2026-07-16_Update - Notification of buy-back - MSVCorporate Action · MediumExtracted
2026-07-16_Update - Notification of buy-back - MSV reviewed from retained issuer PDF; facts below preserve reporting dates and scope.
- Document ID
- msv-2026-07-16-appendix3c
- Published UTC
- 2026-07-15T22:55:18Z
- Projects
- drilling-services
- Commodities
- gold · others
Notification of cessation of securities - MSVCorporate Action · LowExtracted
Appendix 3H records expiry without exercise of 696,869 options; its automated class totals do not incorporate all concurrent 29 June events.
- Document ID
- msv-2026-07-01-cessation
- Published UTC
- 2026-07-01T00:12:50Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - MSVGovernance · LowExtracted
Appendix 3G records FY26 ESOP issuances; its automated capital table predates incorporation of the concurrent performance-right conversion.
- Document ID
- msv-2026-06-30-esop
- Published UTC
- 2026-06-30T05:16:01Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - MSVCorporate Action · MediumExtracted
Appendix 2A records conversion and quotation of 488,122 ESOP performance rights and the resulting ordinary-share count.
- Document ID
- msv-2026-06-30-quote
- Published UTC
- 2026-06-30T05:21:21Z
- Projects
- —
- Commodities
- —
2026-04-21_FY26 Q3 Quarterly Investor UpdateOperations · HighExtracted
2026-04-21_FY26 Q3 Quarterly Investor Update reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-04-21-q3
- Published UTC
- 2026-04-21T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
1H26 Investor PresentationResults · HighExtracted
The 1H26 presentation records a major earnings recovery, net cash, undrawn facilities, fleet utilisation, an interim dividend and the strategic Loop investment.
- Document ID
- msv-2026-02-19-1h26
- Published UTC
- 2026-02-18T22:13:12Z
- Projects
- drilling-services · loop-decarbonisation
- Commodities
- gold · copper · others
2026-01-28_FY26 Q2 Quarterly Investor UpdateOperations · HighExtracted
2026-01-28_FY26 Q2 Quarterly Investor Update reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2026-01-28-q2
- Published UTC
- 2026-01-28T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
2025-10-14_FY26 Q1 Quarterly Investor UpdateOperations · HighExtracted
2025-10-14_FY26 Q1 Quarterly Investor Update reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2025-10-14-q1
- Published UTC
- 2025-10-14T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
Sumitomo equity investment in LoopEconomic Arrangement · HighExtracted
Sumitomo completed an initial Loop equity investment; further subscription tranches depend on contract and valuation conditions. Re-reviewed this run; fingerprint records the reviewed fact extraction. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2025-08-29-sumitomo
- Published UTC
- 2025-08-29T13:59:59+00:00
- Projects
- loop-decarbonisation
- Commodities
- others
Annual Report 2025Results · HighExtracted
Audited FY25 report provides the operating-service revenue mix, financial statements, capital structure, debt facilities, inventory and buy-back execution history.
- Document ID
- msv-2025-08-21-ar25
- Published UTC
- 2025-08-20T22:15:20Z
- Projects
- drilling-services
- Commodities
- gold · copper · others
Notification regarding unquoted securities - MSVGovernance · LowExtracted
Appendix 3G records FY25 ESOP performance-right and option issuances and the then-current quoted and unquoted security totals.
- Document ID
- msv-2025-06-25-esop
- Published UTC
- 2025-06-25T07:00:54Z
- Projects
- —
- Commodities
- —
2025-04-24_FY25 Q3 Quarterly Investor UpdateOperations · HighExtracted
2025-04-24_FY25 Q3 Quarterly Investor Update reviewed from retained issuer PDF; facts below preserve reporting dates and scope. Exact release time is unavailable on the issuer-hosted source; end-of-publication-day local timestamp and next-trading-day effectiveness are conservative timing conventions, not observed intraday release times.
- Document ID
- msv-2025-04-24-q3
- Published UTC
- 2025-04-24T13:59:59+00:00
- Projects
- drilling-services
- Commodities
- gold · others
Evidence facts155
488122 securities
2025-06-231624973 securities
2025-06-23212308159 shares
2025-06-25196650587 AUD
2025-06-3025667000 AUD
2025-06-30536874 AUD
2025-06-301345083 AUD
2025-06-309705042 AUD
2025-06-3013576357 AUD carrying value
2025-06-30211962408 shares
2025-06-3017922146 AUD
2025-06-3063.2 rigs
2025-06-3092791415 AUD
2025-06-3077311659 AUD
2025-06-307902381 AUD
2025-06-302436343 shares
2025-06-30852249 AUD
2025-06-301500000 AUD
2025-08-296.25 % of Loop
2025-08-291500000 AUD
2025-08-2925 % of Loop
2025-08-2937.5%-40% % of Loop
2025-08-29102400000 AUD
2025-12-3121420000 AUD
2025-12-318100000 AUD
2025-12-3120787000 AUD
2025-12-3115471000 AUD
2025-12-318256000 AUD
2025-12-3112073000 AUD carrying value
2025-12-3115000000 AUD
2025-12-310.04 AUD per share
2026-02-1962 rigs
2025-12-3188 rigs
2025-12-3124000000 AUD
2026-02-19501030 securities
2026-06-291667930 securities
2026-06-29211962408 shares
2026-06-30488122 shares
2026-06-29212450530 shares
2026-06-30696869 securities
2026-06-30211962408 shares
2026-07-019878926 options
2026-07-012026-07-30 None
2026-07-1610 % of fully paid ordinary shares
2026-07-16207436000 AUD
2026-06-3042767000 AUD
2026-06-3020762000 AUD
2026-06-3015200000 AUD
2026-06-3037384000 AUD
2026-06-3021285000 AUD
2026-06-3012100000 AUD
2026-06-308600000 AUD
2026-06-3061.5 rigs
2026-06-3065 rigs
2026-06-3061 % of revenue
2026-06-3030 % of revenue
2026-06-30True None
2026-06-3064.7 rigs
2025-06-309495 shifts
2025-06-3050484000 AUD
2025-06-307700000 AUD
2025-06-3011017000 AUD
2025-06-3062 rigs
2026-06-309124 shifts
2026-06-3056495000 AUD
2026-06-3010170000 AUD
2026-06-3012294000 AUD
2026-06-30207435763 AUD
2026-06-3042767000 AUD
2026-06-3015208275 AUD
2026-06-3037383550 AUD
2026-06-3012144332 AUD
2026-06-308658039 AUD
2026-06-302765338 AUD
2026-06-3010776560 AUD
2026-06-3056987493 AUD
2026-06-3046.875 %
2026-06-30120522 AUD
2026-06-30620989 AUD
2026-06-30530137 AUD
2026-06-30150000 AUD
2026-06-30234000 AUD
2026-06-30212450530 shares
2026-06-309878925 options
2026-06-3018847018 AUD
2026-06-302393603 AUD
2026-06-300 shares
2026-06-3068328080 AUD
2026-06-3025.2 %
2026-06-3061.2 %
2026-06-3029.9 %
2026-06-30True None
2026-06-30True None
2026-06-3068 rigs
2026-08-2410000000 AUD approximately
2026-06-3016100000 AUD approximately
2026-06-3015000000 AUD
2026-08-2420000000 AUD, more than
2026-08-24One or two percentage points below 20% prudent None
2026-08-24Similar to FY26 unless growth opportunities are won None
2026-08-24Two horizontal wells intersected None
2026-08-240.02 AUD per ordinary share
2026-08-242026-09-17 None
2026-08-24100 %
2026-08-24212450530 shares
2026-08-2060 % approximately
2026-06-3075 %
2026-06-3080 %
2026-06-3065 rigs
2026-06-3090 rigs approximately
2026-06-30Nathan Mitchell; Andrew Elf; Greg Switala None
2026-08-2416143000 AUD
2026-06-3021241000 AUD
2026-06-3019900000 AUD
2026-06-301300000 AUD
2026-06-3022436000 AUD
2026-06-302.0 %
2025-06-300.54 AUD per ordinary share
2026-09-25268725 shares
2026-09-2562.3 rigs
2025-03-318736 shifts
2025-03-3146802000 AUD
2025-03-315315000 AUD
2025-03-31-3660000 AUD
2025-03-3160.7 rigs
2026-03-318702 shifts
2026-03-3148543000 AUD
2026-03-3111177000 AUD
2026-03-314303000 AUD
2026-03-3164 rigs
2024-12-318415 shifts
2024-12-3146658000 AUD
2024-12-315620000 AUD
2024-12-314813000 AUD
2024-12-3161 rigs
2025-12-318671 shifts
2025-12-3149003000 AUD
2025-12-319633000 AUD
2025-12-3111018000 AUD
2025-12-3161.7 rigs
2024-09-308734 shifts
2024-09-3052707000 AUD
2024-09-307032000 AUD
2024-09-305753000 AUD
2024-09-3062.3 rigs
2025-09-309502 shifts
2025-09-3053395000 AUD
2025-09-3011787000 AUD
2025-09-309769000 AUD
2025-09-302026-10-21 None
2026-09-1710 %
2026-09-1721245053 shares
2026-07-16Morgans Financial Limited None
2026-07-16False None
2026-07-160 shares
2026-09-11Conflicts requiring judgment3
- ordinary shares on issue after 29 June 2026 ESOP conversion
The Appendix 2A explicitly incorporates conversion of 488,122 performance rights into ordinary shares; the automated capital tables in the concurrent Appendix 3G and later Appendix 3H did not incorporate that quotation event.
- FY26 capital expenditure
Use final presentation A$21.241m all-funded PPE additions for company-defined FCF; audited cash PPE outflow A$18.847018m plus non-cash equipment A$2.393603m substantiates the scope. July provisional capex A$21.285m is superseded.
- ESOP options outstanding
Use the audited annual report and itemized tranche total of 9,878,925, rather than the prior analyst calculation of 9,878,926 from asynchronous automated notices. The one-option difference is immaterial but explicitly corrected.