Company Midway Limited

MWY

AU000000MWY2

Forest & Wood Products

Market Closed - Australian S.E. Other stock markets 01:58:49 2024-06-05 am EDT			5-day change	1st Jan Change
0.83 ^AUD	-1.19%		-1.78%	+5.73%

Feb. 29	Midway Limited Announces the Appointment of Andrew Preece to the Board as a Non-Executive Director, Effective as of 1 March 2024	CI
Feb. 29	Transcript : Midway Limited, H1 2024 Earnings Call, Feb 29, 2024

Business Summary

Midway Limited is an Australia-based woodfiber processor and exporter with a growing plantation and carbon management business. The Company is primarily involved in the production and export of wood fiber to producers of pulp, paper and associated products, forestry logistics and plantation management. The Companyâs segments include Woodfibre, Plantation Management, and Ancillary. The Woodfibre segment includes primary operations whereby the Company purchases and sells both own and third-party wood. Its Plantation Management segment is engaged in the provision of silviculture services, including on group-owned trees. The Plantation Management segment also holds any group-owned plantation land and trees. The Companyâs fiber is used in recyclable paper and packaging, plastic replacement products and coal replacing energy generation in the Asian region. The Company is building a plantation carbon management business to generate carbon abatement and emissions offset solutions.

Number of employees: 62

Sales per Business

AUD in Million	2022	Weight	2023	Weight	Delta
Woodfibre 120.1 %	186	93.8 %	225	120.1 %	+20.95%
Eliminations -23.7 %	7	3.7 %	-44	-23.7 %	-699.28%
Plantation Management 3.6 %	0	0.0 %	7	3.6 %	+335,800.00%

Sales per region

AUD in Million	2022	Weight	2023	Weight	Delta
China 62.5 %	138	69.6 %	117	62.5 %	-15.25%
Japan 31.2 %	53	26.8 %	58	31.2 %	+9.81%
Australia 4.5 %	7	3.6 %	8	4.5 %	+19.88%
South East Asia 1.8 %	-	-	3	1.8 %	-

Managers

Managers	Title	Age	Since
Anthony McKenna CEO	Chief Executive Officer	50	22-01-23
Michael McKenzie DFI	Director of Finance/CFO	-	-
Adin Jull COO	Chief Operating Officer	-	18-12-31
Malcolm Hatcher CTO	Chief Tech/Sci/R&D Officer	-	03-12-31
Rob Hadler IRC	Investor Relations Contact	-	-
Robert F. Bennett SEC	Corporate Secretary	-	20-04-30
Stephen Roffey SAM	Sales & Marketing	-	93-12-31

Members of the board

Members of the board	Title	Age	Since
Gordon Davis CHM	Chairman	67	16-04-05
Kellie Jane Benda BRD	Director/Board Member	56	22-10-04
Leanne Heywood BRD	Director/Board Member	59	19-02-28
Nils G. Gunnersen BRD	Director/Board Member	-	11-12-31
Tom Gunnersen BRD	Director/Board Member	-	18-02-25
Anthony McKenna CEO	Chief Executive Officer	50	22-01-23

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	87,336,222	42,625,788 ( 48.81 %)	0	48.81 %

Shareholders

Name	Equities	%	Valuation
Thorold H. Gunnersen 23.81 %	20,798,294	23.81 %	10 M $
Gregory Henry McCormack 11.00 %	9,604,599	11.00 %	5 M $
Sandon Capital Pty Ltd. 8.851 %	7,729,697	8.851 %	4 M $
River Capital Pty Ltd. 8.141 %	7,109,943	8.141 %	3 M $
Anthony C. Bennett 2.932 %	2,560,356	2.932 %	1 M $
M & M Murnane Holdings Pty Ltd. 2.684 %	2,344,263	2.684 %	1 M $
Lusheri Farming Pty Ltd. 2.684 %	2,344,263	2.684 %	1 M $
J R Micah Pty Ltd. 2.305 %	2,013,194	2.305 %	980 446 $
Janakis Pty Ltd. 1.455 %	1,270,885	1.455 %	618 934 $
Eminent Asset Management Pty Ltd. 1.145 %	1,000,000	1.145 %	487 010 $