Mincon profit jumps in 2025 and expects 'continued growth'

Mincon Group PLC on Tuesday reported profit more than doubled in 2025, as large construction projects and enhanced margins yielded positive results.

The Shannon, Ireland-based engineering firm reported revenue of €148.7 million, up 2.0% from €145.9 million a year prior. Pretax profit, including discontinued operations, more than doubled to €7.7 million from €3.3 million in 2024.

The company said it recorded a 14% revenue increase in its construction sector, now Mincon’s largest, while mining revenue contracted by 9% reflecting a ‘strategic realignment of our customer offering in those locations on commoditised products’. Geothermal revenue was essentially flat.

It also said that the closure of its former carbide production facility in Sheffield supported margin growth, alongside improvements in the supply chain yielding 4% savings as a proportion of the company’s manufactured revenue.

The company proposed a steady final dividend of 1.05 cents per share, bringing the total dividend to 2.1 cents, unchanged from the previous year.

Looking ahead, it said: ‘We anticipate continued growth in 2026, driven in part by our sustained investment and development in IP over recent years, along with continued growth built on our proven success in large scale construction projects. Additionally, the cost reductions achieved in production are expected to further enhance our financial performance in 2026.’

Mincon shares were up 9.3% to 59.00 pence each on Tuesday at midday in London.

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