Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 14
MCS Services Limited, Annual General Meeting, Nov 28, 2025 MCS Services Limited, Annual General Meeting, Nov 28, 2025. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$1.58m market cap, or US$1.04m). Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Non-Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 01
MCS Services Limited, Annual General Meeting, Nov 29, 2024 MCS Services Limited, Annual General Meeting, Nov 29, 2024. Location: stantons international, 40 kings park rd, west perth wa 6005 Australia New Risk • Aug 31
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (33% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$792.4k market cap, or US$536.3k). Annonce • May 15
Vibrant Services Group Pty Ltd completed the acquisition of MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG). Vibrant Services Group Pty Ltd has entered into a Heads of Agreement to acquire MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG) for AUD 3 million on February 2, 2024. The cash consideration of AUD 3 million is payable upon the execution of a final share sale agreement. The funds from the sale of will be used to repay debt estimated to be AUD 1.5 million, with the balance allocated to working capital. The transaction is subject to the completion of various due diligence enquiries, the signing of formal transaction documents, obtaining all necessary approvals, shareholders approval and is expected to close on April 3, 2024. The transaction was approved by shareholders of MCS Services Limited. Vibrant Services Group Pty Ltd completed the acquisition of MCS Security Group Pty Ltd. from MCS Services Limited (ASX:MSG) on May 13, 2024. New Risk • Mar 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$1.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$986k free cash flow). Shares are highly illiquid. Negative equity (-AU$1.1m). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (AU$1.58m market cap, or US$1.03m). Annonce • Nov 01
MCS Services Ltd Announces Resignation of Matthew Ward as Non-Executive Director MCS Services Ltd. announced that Mr. Matthew Ward has tendered his resignation as a non-executive director of the Company, effective 31 October 2023. Matt has been a non-executive director of the Company since 2016 and has resigned to concentrate on other business and family commitments. Annonce • Sep 27
MCS Services Limited, Annual General Meeting, Nov 30, 2023 MCS Services Limited, Annual General Meeting, Nov 30, 2023. Reported Earnings • Sep 02
Full year 2023 earnings released Full year 2023 results: Revenue: AU$38.6m (down 12% from FY 2022). Net loss: AU$1.93m (down 281% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (AU$4.75m market cap, or US$3.07m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Board Change • Aug 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: AU$0.006 (vs AU$0.008 in FY 2021) Full year 2022 results: EPS: AU$0.006 (down from AU$0.008 in FY 2021). Revenue: AU$43.8m (up 15% from FY 2021). Net income: AU$1.07m (down 31% from FY 2021). Profit margin: 2.4% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Sep 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO, MD & Executive Director Paul Simmons was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS AU$0.008 (vs AU$0.002 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$38.1m (up 52% from FY 2020). Net income: AU$1.56m (up 392% from FY 2020). Profit margin: 4.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$38.1m (up 52% from FY 2020). Net income: AU$1.56m (up 392% from FY 2020). Profit margin: 4.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Feb 17
Insider recently bought AU$365k worth of stock On the 11th of February, Richard Batrachenko bought around 12m shares on-market at roughly AU$0.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$592k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 02
Insider recently bought AU$222k worth of stock On the 28th of January, Richard Batrachenko bought around 9m shares on-market at roughly AU$0.024 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$227k more in shares than they have sold in the last 12 months. 
