Interim Trading Update

Dublin, London 09 October 2026: Mincon Group plc (Euronext: MIO; AIM: MCON), the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated consumable products, today provides a trading update for the 9 months to 30th September 2026.

The strong momentum reported in the Group's half-year results has continued through the third quarter, and revenue for the nine months to 30 September 2026 is 28% ahead of the same period in 2025, with most of this growth coming from the construction sector. As noted in our H1 report, we continue to gain traction with customers in the construction market, driven by our innovative drilled foundations solution, spiral flush. This is particularly evident in North America, where work on existing major infrastructure projects will continue into 2027. During the quarter we also won two significant new projects in Sweden, which we expect to complete between Q4 2026 and Q1 2027.

Continuing the momentum from the first half of the year, our mining business has also grown across Africa, Australia and North America during the period. Higher raw material costs continued to put some pressure on margins during the past quarter, some of which we offset through modest price increases to customers. These cost pressures have since eased and, with the operating leverage from higher throughput in our operating facilities, we expect margins to improve further in the remainder of 2026.

Accordingly, on account of the strong trading momentum through to 30 September 2026, the Board now expects that full year 2026 revenue and EBITDA will be ahead of market expectations.