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Mincon Group MIO.IR · EUR

Industrials · Euronext Dublin · 🇮🇪 Ireland

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0.94

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Close of 9 Nov 2026, in EUR

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About Mincon Group

Its shares trade on Euronext Dublin under the ticker MIO.IR. It has been listed since 26 November 2013. In the fiscal year to 31 December 2025, it reported revenue of €148.7m and net income of €5.5m. At that date it held total assets of €206.2m and shareholders' equity of €149.0m.

Mincon Group Plc engages in the design, manufacture, and trade of drilling tools and equipment. The company is headquartered in Shannon, Clare. The company went IPO on 2013-11-26. The firm distributes precision engineered hard rock drilling tools for a range of industries, including mining, exploration, waterwell, geothermal, construction, horizontal directional drilling, oil-gas and energy. The company operates through the business unit that sells drilling equipment, primarily manufactured by its manufacturing sites. The company offers five product lines: conventional down the hole (DTH) product; reverse circulation (RC) DTH product; horizontal directional drilling (HDD) product; rotary drilling product, and tungsten carbide product. Its products include DTH hammers, RC hammers, HDD pilot hammer systems, rotary products, DTH drill bits, Drilling Fluids, HDD Pull Reaming Hammer and HDD support equipment. In addition, the Company, through its subsidiary, Marshalls Carbide Ltd, manufactures tungsten carbide powder.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Industrials
Industry
Machinery
Listed since
26 Nov 2013
Employees
470
Website
mincon.com ↗

Leadership

Pay as last reported

  • Mr. Hugh McCulloughIndependent Non-Executive Chairman of the Board€60,000
  • Mr. Joseph PurcellChief Executive Officer, Executive Director, since 1998€293,000
  • Mr. Mark McNamaraChief Financial Officer, since 2018
  • Mr. Thomas PurcellChief Operating Officer, Executive Director, since 2023€284,000
  • Mr. Stephen AtkinsonRegional Executive - Australasia
  • Mr. Martin Van GemertRegional Executive - Africa
  • Mr. Barry VaughanCompany Secretary
  • Mr. Frank HeisterkampNon-Executive Director
  • Mr. Jussi RautiainenNon-Executive Director, since 2018
  • Mr. Paul LynchSenior Non-Executive Independent Director€50,000
  • Ms. Pirita MikkanenIndependent Non-Executive Director
  • Ms. Orla O'GormanNon-Executive Independent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Mincon Group PLC has a strong reputation in the drilling industry due to its extensive experience and expertise.
  • The company's high-quality and reliable drilling equipment ensures customer satisfaction and loyalty.
  • Mincon Group PLC has a global presence with a wide distribution network, allowing it to serve customers worldwide.

Weaknesses

  • One of the weaknesses of Mincon Group PLC is its dependence on a limited number of key customers, which poses a potential risk to the business.
  • The company may face challenges in keeping up with rapidly evolving drilling technologies and market demands.
  • Mincon Group PLC has a relatively smaller market share compared to some of its competitors.

Opportunities

  • The increasing global demand for mineral exploration and drilling activities offers significant growth opportunities for Mincon Group PLC.
  • Expansion into emerging markets, such as Asia and Africa, could provide the company with new customer bases and revenue streams.
  • The development of new drilling technologies and equipment can open doors for Mincon Group PLC to innovate and differentiate itself in the market.

Threats

  • The volatility of commodity prices and fluctuations in the drilling industry can impact Mincon Group PLC's profitability.
  • Intense competition from larger and well-established drilling equipment manufacturers poses a threat to Mincon Group PLC's market share.
  • Economic downturns and industry downturns can negatively impact the demand for drilling equipment, affecting Mincon Group PLC's sales and revenue.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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