MITCHELL SERVICES LIMITED
Mitchell Services Limited (ACN/ABN 31 149 206 333) is a public company incorporated in Australia and listed on the Australian Securities Exchange under the ticker MSV. The company provides exploration, mine-site production and geotechnical drilling services to the exploration, mining, energy and civil construction industries, operating principally through surface drilling, underground drilling and geotechnical/civil divisions, alongside an emerging decarbonisation drilling offering.
For the financial year ended 30 June 2025 (FY25), the Group reported consolidated revenue of AU$196.7 million, down approximately 17% from AU$236.8 million in FY24, with EBITDA of AU$25.7 million and a net profit after tax of AU$0.5 million. The result reflected reduced rig utilisation during a year affected by adverse weather events, temporary shutdowns at the Grosvenor, Oaky Creek and Moranbah North mines, and mobilisation costs on newly won contracts. Average operating rigs across FY25 stood at 63.2, completing 35,380 shifts. FY25 revenue was split roughly evenly between surface (50.0%) and underground (49.7%) drilling, with gold (47.2%) and steelmaking coal (39.3%) the largest commodity segments, and Queensland, Victoria and New South Wales the leading revenue-generating states.
During FY25, Mitchell Services Limited entered the Papua New Guinea market under a multi-rig, multi-year drilling contract with a global gold producer, and expanded into the surface-to-inseam (SIS) drilling segment and decarbonisation drilling services. According to the company’s quarterly investor update lodged with the ASX in July 2026, unaudited FY26 (year ended 30 June 2026) revenue rose to approximately AU$207.4 million with EBITDA of around AU$42.8 million, alongside continued growth in the operating rig fleet; these figures remain preliminary pending the company’s audited FY26 annual report.
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Officers
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Mitchell Services Limited’s FY25 Annual Report (Directors’ Report, dated 20 August 2025) discloses six directors then in office plus one Alternate Director, alongside a Chief Executive Officer and a Chief Financial Officer who also serves as Company Secretary (a combined role under Australian practice). Reported appointment dates for directors range from 8 February 2011 (Peter Richard Miller) to 20 July 2020 (Peter Geoffrey Hudson). Three of the six directors then serving (Robert Douglas, Neal O’Connor and Peter Hudson) were assessed by the Board as independent; Nathan Mitchell, Scott Tumbridge and Peter Miller were assessed as non-independent due to substantial-shareholder or prior executive relationships. Nationality is not officially disclosed for any officer in the reviewed filings; only appointment dates, board roles, committee membership and relevant shareholdings are reported.
Subsequent to the FY25 Annual Report, the company announced on 18 June 2026 that Non-Executive Director Scott David Tumbridge and Alternate Director Grant Eric Moyle had each resigned from the Board, both effective 30 June 2026. Mr Tumbridge had joined the Board in 2019 following the company’s acquisition of Deepcore Drilling, the business he founded; Mr Moyle had served as Alternate Director for Executive Chairman Nathan Mitchell since 30 May 2014. As shown on the company’s investor relations website (reviewed August 2026), the Board now comprises Executive Chairman Nathan Mitchell and Non-Executive Directors Peter Miller, Robert Douglas, Neal O’Connor and Peter Hudson, with Andrew Michael Elf continuing as Chief Executive Officer and Gregory Michael Switala as Chief Financial Officer and Company Secretary.
Recent officer changes
- Resignation – Scott David Tumbridge, Non-Executive Director, effective 30 June 2026 (announced 18 June 2026).
- Resignation – Grant Eric Moyle, Alternate Director, effective 30 June 2026 (announced 18 June 2026).
Data availability
Partial: ASIC and ASX disclosures provide current and recent director appointment and resignation dates, board roles and committee membership for Mitchell Services Limited, but officer nationality and country of residence are not published in the reviewed filings.
Sources
- Mitchell Services Limited FY25 Annual Report – Directors’ Report and Corporate Governance Statement (20 August 2025)
- Mitchell Services Limited – Board of Directors page, company website (reviewed August 2026)
- Mitchell Services Limited – 2026 ASX Announcements, Director Resignations (18 June 2026)
Group Structure
Per Note 18 (Group Structure) of Mitchell Services Limited’s FY25 Annual Report (year ended 30 June 2025), the Company is the ultimate parent within its corporate group and has no disclosed parent entity. The consolidated financial statements incorporate eleven wholly owned (100%) Australian subsidiaries, all forming part of the company’s tax-consolidated group; six of these (Well Drilled Pty Ltd, Mitchell Operations Pty Ltd, Radco Technologies Pty Ltd, Deepcore Holdings Pty Ltd, Deepcore Australia Pty Ltd and Deepcore Drilling Pty Ltd) are additionally parties to a Deed of Cross Guarantee with the Company. The Group also holds a 50% interest in Loop Decarbonisation Solutions Pty Ltd, an incorporated joint operation with mining advisory firm Talisman Partners established in late FY24 to provide decarbonisation drilling solutions.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Notch Holdings Pty Ltd | Australia | ACN 009 271 461 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Well Drilled Pty Ltd | Australia | ACN 123 980 343 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Mitchell Operations Pty Ltd | Australia | ACN 165 456 066 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Notch No. 2 Pty Ltd | Australia | ACN 606 170 138 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Mitchell Services Share Plan Pty Ltd | Australia | ACN 610 901 221 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Radco Technologies Pty Ltd | Australia | ACN 137 688 227 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Radco Group Australia Pty Ltd | Australia | ACN 137 688 745 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Deepcore Holdings Pty Ltd | Australia | ACN 155 701 885 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Deepcore Australia Pty Ltd | Australia | ACN 115 967 809 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Deepcore Drilling Pty Ltd | Australia | ACN 115 935 941 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Capture Holdings Pty Ltd | Australia | ACN 676 079 628 | Direct subsidiary | 100% | Active | 30 Jun 2025 |
| Loop Decarbonisation Solutions Pty Ltd | Australia | ACN 676 109 630 | Joint operation | 50% | Active | 30 Jun 2025 |
Recent structural changes
- Formation of Loop Decarbonisation Solutions Pty Ltd, a 50/50 incorporated joint operation with Talisman Partners, established in late FY24 to provide decarbonisation drilling solutions; the joint venture completed its first customer project during FY25.
Data availability
Full: as an ASX-listed entity, Mitchell Services Limited discloses its complete list of controlled entities, place of incorporation and ownership percentages annually in the Notes to its Consolidated Financial Statements and Consolidated Entity Disclosure Statement.
Sources
- Mitchell Services Limited FY25 Annual Report – Note 18, Group Structure (year ended 30 June 2025)
- Mitchell Services Limited FY25 Annual Report – Consolidated Entity Disclosure Statement
MITCHELL SERVICES LIMITED
Australia
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Frequently Asked Questions
What does MITCHELL SERVICES LIMITED do?
Provision of exploration, mine-site production, underground and geotechnical drilling services to the mining, exploration, energy and civil construction industries, including a decarbonisation drilling offering, primarily in Australia with a Papua New Guinea contract entered in FY25.
Who owns MITCHELL SERVICES LIMITED?
1,479 holders of quoted ordinary shares as at 12 August 2025; largest disclosed holder Mitchell Group Holdings Pty Ltd (10.56%); Mitchell Group Holdings and associated entities held a combined 19.89% per ASX substantial-holder notice dated 7 February 2025.
Who is MITCHELL SERVICES LIMITED's UBO (Ultimate Beneficial Owner)?
Nathan Andrew Mitchell, Executive Chairman, disclosed with a relevant interest of 19.89% (42,228,408 shares) via Mitchell Group Holdings Pty Ltd and associated family entities, per ASX substantial-holder notice dated 7 February 2025.
What is MITCHELL SERVICES LIMITED's company registration number?
MITCHELL SERVICES LIMITED's registration number is 31149206333, filed with Australian Securities and Investments Commission (ASIC) in Australia. Its current status on the register is active.
Is MITCHELL SERVICES LIMITED still an active company?
MITCHELL SERVICES LIMITED's status on Australian Securities and Investments Commission (ASIC) is listed as active.
When was MITCHELL SERVICES LIMITED incorporated?
MITCHELL SERVICES LIMITED was incorporated on 1 March 2011, according to Australian Securities and Investments Commission (ASIC).
What is MITCHELL SERVICES LIMITED's registered address?
The registered address on file for MITCHELL SERVICES LIMITED is Australia.
What legal structure is MITCHELL SERVICES LIMITED registered as?
MITCHELL SERVICES LIMITED is registered as a Public Limited Company in Australia.
What is MITCHELL SERVICES LIMITED's revenue?
FY25 (year ended 30 June 2025) consolidated revenue of AU$196.7 million, down 17% from AU$236.8 million in FY24; EBITDA AU$25.7 million; net profit after tax AU$0.5 million.
Is MITCHELL SERVICES LIMITED listed on a stock exchange?
ASX: MSV (Australian Securities Exchange).
Who are the officers/directors of MITCHELL SERVICES LIMITED?
Six directors plus one Alternate Director disclosed in the FY25 Annual Report (20 August 2025); Non-Executive Director Scott Tumbridge and Alternate Director Grant Moyle resigned effective 30 June 2026.
Does MITCHELL SERVICES LIMITED have a parent company or subsidiaries?
Eleven wholly owned Australian subsidiaries plus a 50% interest in Loop Decarbonisation Solutions Pty Ltd, a joint operation with Talisman Partners, per Note 18 of the FY25 Annual Report.
Can Zavia monitor changes to MITCHELL SERVICES LIMITED's ownership over time?
This profile reflects a point-in-time snapshot from Australian Securities and Investments Commission (ASIC). Zavia's monitoring API can track changes to MITCHELL SERVICES LIMITED's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access MITCHELL SERVICES LIMITED's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Australia, so records like MITCHELL SERVICES LIMITED's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Australian Securities and Investments Commission (ASIC) and was last synced on 11 August 2026.