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Monadelphous Group Limited (ASX:MND)

ALERT: Price-sensitive ASX Announcement for MND
Current share price for MND : $27.930 -4.44 (-13.72%)+
Announcement
Release
25 Aug 2026 7:42AM
Price at Release
$32.370
Full Release
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Summary
Monadelphous Group Limited reported a record revenue of $2.98 billion for the year ending 30 June 2026, marking a 31.5% increase compared to the previous year. This growth was driven primarily by a 48% rise in construction revenue and a 20% increase in maintenance revenue, reflecting robust operating conditions. The company secured significant contracts, particularly in the iron ore and energy sectors, and expanded its capabilities through strategic acquisitions. Financial performance was strong, with EBITDA reaching $226 million, a 42.9% increase, and net profit after tax rising by 52.1% to $127.3 million. Monadelphous also focused on sustainability initiatives, including a 19% reduction in TRIFR and enhanced community engagements. The company's outlook remains positive, with ongoing investments in resources and energy sectors fueled by energy transition and infrastructure needs.
Key Points
  • Monadelphous reported record revenue of $2.98 billion for the year ended 30 June 2026, an increase of 31.5% from the previous year.
  • The company experienced strong operating conditions across sectors, with construction revenue increasing by 48% and maintenance revenue by 20%.
  • Significant contracts were secured, including major projects with BHP, Rio Tinto, and Fortescue, contributing to a strong demand in the iron ore and energy sectors.
  • Monadelphous expanded its capabilities through acquisitions, including Kerman Contracting and Australian Power Industry Partners.
  • The company reported an EBITDA of $226 million, a 42.9% increase from the previous year, with a margin of 7.58%.
  • Net profit after tax attributable to equity holders rose by 52.1%, amounting to $127.3 million.
  • Monadelphous secured approximately $1.1 billion in new contracts and extensions within maintenance and industrial services.
  • The company focused on sustainability and safety, achieving a 19% reduction in the Total Recordable Injury Frequency Rate (TRIFR).
  • Monadelphous strengthened its community engagement through initiatives such as the Stretch Reconciliation Action Plan and increased spending with Indigenous businesses.
  • The outlook for Monadelphous includes continued investment and growth in resources and energy sectors, particularly driven by energy transition and infrastructure developments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.