Mining services group SSH increases revenue significantly

WA mining services group SSH increased revenue by 25 per cent in the first half of the financial year, driven by increased activity across its divisions.

SSH generated revenues of $24.1 million in FY26, an increase from the previous period, while recording a cash balance of $6.65 million as of the end of December.

The group has increased its growth metrics, including earnings before interest, by 70 percent since the first half of fiscal 2023.

In its half-year results, SSH recorded total net assets of $13.6 million, with hire purchase debt reduced by $3.1 million.

Founded in 2021, the group consists of mining services provider SSH Mining, equipment rental and maintenance company KMH and recruitment arm Bridge Resources.

In the second half, China-based mining company Xhai Mining Services invested $2.53 million to acquire a 15.5 percent stake in SSH.

SSH group told the market it maintains a strong field presence across several gold projects, including work on the Mt Fisher Wagtail project.

SSH reported that more than 3,000 meters of fill and drilling is progressing at the Northern Goldfields project.

As the price of gold continues to rise, SSH’s managing director, Daniel Cowley Cooper, said work on gold projects was progressing rapidly.

“The first half of Year26 has been an outstanding half-year for SSH and represents a clear turning point for the Group,” he said.

“The combination of operational momentum and financial strength positions SSH in its best position ever as we enter the second half of FY26.”

Mr Crowley-Cooper said the projects had increased production efforts.

“SSH is now operating as a mine development and exploitation platform with drilling, technical studies and early studies progressing towards near-term decisions,” he said.

In July 2025, the board appointed Kevin Malaxos as a non-executive director of the group.