Mining services group SSH increases revenue significantly

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

SSH recorded FY26 half-year revenue of $24.1 million, which was up from the previous prior corresponding period, while it recorded a cash balance of $6.65 million as of the end of December. 

The group has increased its growth metrics including, its earnings before interest by 70 per cent since the first half of FY2023. 

In it’s half-year results, SSH recorded total net assets at $13.6 million, and its hire purchase debt reduced by $3.1million.

Forming in 2021, the group comprises of mining services provider SSH Mining, equipment hires and maintenance firm KMH and its recruitment arm Bridge Resources.  

During the second half, Chinese-based mining company Xhai Mining Services invested $2.53 million to take a 15.5 per cent shareholding in SSH.  

SSH group told the market, it had maintained a strong on-ground presence across multiple gold projects, including its work at the Mt Fisher Wagtail project

At the Northern Goldfields project, SSH reported that more than 3,000 metres of infill and drilling had progressed. 

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

“H1 FY26 has been an exceptional half year for SSH and represents a clear inflection point for the Group,” he said. 

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

Mr Crowley-Cooper said the projects were increasing their production efforts. 

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

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