Also trades as: MRVGF (OTC) · $vol 0M

A$1.78 ($1.24)

-0.01 (-0.73%)

Weekly Expected Move ±4.0%

A$2 A$2 A$2 A$2 A$2

ASX · Real Estate · REIT - Diversified · Tech Score Neutral · Power 47 · A$7.0B mcap · 3.94B float · 0.333% daily turnover

Revenue

$2.6B +7.2% ▲

5Y CAGR: +6.4%

Gross Profit

$793M +36.7% ▲

5Y CAGR: -2.7%

Operating Income

$521M +95.1% ▲

5Y CAGR: -5.1%

Net Income

$677M +895.6% ▲

5Y CAGR: -5.6%

EPS (Diluted)

$0.17 +888.4% ▲

5Y CAGR: -5.9%

EBITDA

$970M +248.9% ▲

5Y CAGR: -2.7%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$2.2B	$1.8B	$3.0B	$2.4B	$2.6B
YoY Growth	+17.3%	-19.8%	+63.6%	-17.2%	+7.2%
Cost of Revenue	$1.4B	$1.0B	$2.1B	$1.9B	$1.8B
Gross Profit	$854M	$799M	$833M	$580M	$793M
Gross Margin	38.0%	44.3%	28.2%	23.7%	30.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$192M	$170M	$151M	$165M	$0
Operating Expenses	$289M	$366M	$317M	$313M	$272M
Operating Income	$498M	$433M	$516M	$267M	$521M
Operating Margin	22.2%	24.0%	17.5%	10.9%	19.9%
Interest Expense	$156M	$150M	$196M	$179M	$238M
Income Before Tax	$985M	-$220M	-$543M	$30M	$732M
Tax Expense	$78M	-$17M	$25M	-$38M	$55M
Net Income	$906M	-$165M	-$805M	$68M	$677M
Net Margin	40.3%	-9.2%	-27.3%	2.8%	25.8%
EPS (Diluted)	$0.23	$-0.04	$-0.20	$0.02	$0.17
EBITDA	$648M	$41M	$716M	$278M	$970M
Shares Outstanding	3.94B	3.94B	3.95B	3.94B	3.95B

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$769M	$1.1B	$1.2B	$1.8B	$1.1B	$1.3B	$1.3B	$1.3B
Cost of Revenue	$362M	$738M	$848M	$1.3B	$854M	$986M	$958M	$900M
Gross Profit	$407M	$429M	$378M	$515M	$351M	$229M	$354M	$407M
Gross Margin	52.9%	38.2%	30.3%	28.9%	31.1%	17.4%	27.0%	31.1%
R&D Expenses	$4M	$6M	$5M	$5M	$0	$0	$0	$0
SG&A Expenses	$77M	$93M	$67M	$84M	$81M	$84M	$0	$0
Operating Expenses	$77M	$93M	$67M	$84M	$81M	$232M	$100M	$140M
Operating Income	$233M	$195M	$336M	$384M	$127M	$173M	$254M	$267M
Operating Margin	30.3%	17.3%	27.0%	21.5%	11.3%	13.1%	19.4%	20.4%
Interest Expense	$102M	$141M	$150M	$0	$0	$99M	$115M	$123M
Income Before Tax	$171M	-$391M	-$128M	-$583M	$7M	$23M	$331M	$401M
Tax Expense	$12M	-$29M	$4M	$21M	$6M	-$44M	$12M	$43M
Net Income	$215M	-$380M	-$201M	-$604M	$1M	$67M	$319M	$358M
Net Margin	28.0%	-33.8%	-16.1%	-33.9%	0.1%	5.1%	24.3%	27.4%
EPS (Diluted)	$0.05	$-0.10	$-0.05	$-0.15	$0.00	$0.02	$0.08	$0.09
EBITDA	$269M	$232M	$282M	$423M	$218M	$207M	$478M	$524M
Shares Outstanding	3.94B	3.94B	3.94B	3.95B	3.95B	3.94B	3.95B	3.95B

MGR.AX ASX