Highlights

• Monadelphous delivered strong FY26 growth, with revenue and profitability benefiting from increased activity across resources, energy and infrastructure markets.
• Engineering Construction and Maintenance & Industrial Services both recorded higher revenue, supported by major project awards and stronger customer demand.  
• Cash generation strengthened during the year, while approximately AU$2.7 billion of new contracts and extensions secured since 1 July 2025 supported future workload visibility.

FY26 Results Show Strong Earnings Growth

Monadelphous Group Limited (ASX: MND) announced its FY26 full-year results on 25 August 2026, reporting a substantial improvement in revenue, profitability and cash generation for the year ended 30 June 2026. The result reflected strong operating conditions across resources, energy and infrastructure markets, alongside higher activity across both major operating divisions.

Revenue from contracts with customers, including the Group’s share of joint venture revenue, increased 31.5% to AU$2,980.1 million, compared to AU$2,265.9 million in FY25. EBITDA rose 42.9% to AU$226.0 million, while the EBITDA margin strengthened to 7.58% from 6.98%. Profit attributable to shareholders reached AU$127.3 million, representing a 52.1% increase from the previous year. Earnings per share also increased 50.1% to 127.6 cents.

Both Divisions Deliver Higher Revenue

Engineering Construction revenue increased 48.5% to AU$1,374.0 million, supported by demand from iron ore, energy and renewable-energy customers. The division secured more than AU$1.6 billion of new construction contracts, including work associated with BHP, Rio Tinto, Fortescue and CS Energy.

Maintenance & Industrial Services generated revenue of AU$1,615.0 million, representing 20.0% growth. Strong activity across energy and iron ore supported performance, while approximately AU$1.1 billion of new contracts and extensions were secured.

Cash Position Strengthens

Monadelphous finished FY26 with cash of AU$293.6 million, up 42.7% from AU$205.8 million in FY25. Cash flow from operations reached AU$245 million, while the Group reported a cash conversion rate of 147%. Full-year dividends increased 50.0% to 108.0 cents per share, fully franked.

FY27 Focus Shifts to Consolidation

Management described FY27 as a year of consolidation and preparation for future expansion. The company expects long-term opportunities across iron ore, energy, energy-transition metals, renewable generation, storage and electricity transmission infrastructure, while continuing to pursue strategic opportunities that support sustainable growth.

Note- All data presented is based on information available at the time of writing.

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