Mayfield Group Unit Secures New AU$20 Million Contract; Shares Up 10%

MT Newswires Live

03/25

Mayfield Group (ASX:MYG) subsidiary Mayfield Industries signed a AU$20 million contract to deliver 18 modular power distribution centers in Victoria, according to a Tuesday filing with the Australian bourse.

The units will be delivered in 2026, and the revenue will be recognized in the years ending June 30, 2025, and June 30, 2026, the filing said.

Additionally, the company secured new contracts worth AU$3.2 million to be delivered through the fiscal year 2026, according to the filing.

Shares were up 10% in afternoon trade Tuesday.

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