Mincon Group plc
Mincon Group plc is an Irish engineering group that designs, manufactures, sells and services rock drilling tools and associated consumable products (DTH hammers, bits, RC, HDD, rotary and geotechnical products, drill pipe and mast attachments) for the mining, construction, waterwell/geothermal and renewable energy sectors. It has manufacturing facilities in Ireland, Finland, Sweden, the USA, Canada, South Africa and Australia, and a global network of sales/distribution companies, trading on AIM (MCON.L) and Euronext Growth (MIO.IR).
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 10 Mar 2026 · 66 pages · Company website
Mincon Group plc, an Irish maker of rock drilling tools for mining, construction and geothermal drilling, grew revenue to €148.7m in 2025 from €145.9m the year before. Profit after tax rose to €5.5m, from €1.8m. The report credits strong growth in construction, now its largest market, and more gold mining work in West Africa and North America. It also points to lower raw material costs relative to sales and to cost cuts. Profit was helped by a one-off gain on selling a former factory building in Sheffield, and price rises offset US tariffs.
Cash at the year end fell to €11.7m from €15.0m, partly because the company built up stock for large orders. Borrowings were cut to €33.5m. No money was raised from shareholders, and dividends for the year totalled €0.021 per share.
Management says the order book is at its highest level to date and expects growth, particularly in infrastructure construction. The auditors gave a clean opinion with no doubt about the company continuing, though the report flags risks from tariffs, currency swings and cyclical markets.
Construction sector growth (now largest industry by revenue)
Construction revenue grew 14% in 2025 and became the Group's largest industry at €68.6m, up 14% over 2024; North America construction project wins drove the increase
page 11Reduction in raw material costs as % of Mincon-manufactured revenue (new supply chain, subcontracting, product mix)
Raw material costs relative to Mincon-manufactured revenue fell 4% in 2025 vs 2024 due to diversified raw material sourcing and increased subcontracting
page 11Chairman: 2025 showed a much improved financial performance and the Group has undertaken positive steps that leave it well placed for further growth in the future; start 2026 with momentum to build the business across a number of segments, particularly infrastructure construction.
page 5Interim dividend of €0.0105 (1.05 cent) per share paid December 2025 and final 2024 dividend of €0.0105 per share paid June 2025 (total €4.5m paid in 2025, 2.1 cent per share); Directors recommend a final dividend of €0.0105 (1.05 cent) per share for FY2025 (FY2024: 1.05 cent), subject to AGM approval.
page 1611 years on one page · FY2015–FY2025
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EUR millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
Nothing restated
Every figure is read again from the following year’s report: 336 confirmed, 18 differ.
No figure has been restated: every figure a later report printed again, it printed the same.