MDI Trading Statement Neutral

MASTER DRILLING GROUP LIMITED - CANCELLATION OF S518674 Trading Statement

Master Drilling Group Limited
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What this filing means

Master Drilling expects flat headline earnings despite a massive EPS jump that was driven by a non-cash impairment reversal on a newly contracted boring machine.

Bull case

  • EPS is expected to increase significantly by 63.1% to 73.0% in ZAR terms.
  • A partial impairment reversal of USD 4.7 million on the Mobile Tunnel Boring Machine has been recognised.

Bear case

  • The substantial EPS growth is driven heavily by a non-cash accounting adjustment rather than an acceleration in core operating cash flow.
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Category
Trading Statement
Event posture
No Edge
Published
Mar 19, 2026

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