Monadelphous Expands Contract Portfolio and Strengthens Outlook

Monadelphous Group Limited (ASX: MND) has revealed the award of several new construction and maintenance projects within the resources sector, collectively estimated to be worth approximately AU$140 million. These include a three-year extension to its maintenance master services agreement across BHP’s Pilbara iron ore operations, continued inclusion on the WAIO Site Engineering Panel, and new works at Finucane Island’s port facilities. Additionally, Monadelphous will deliver cooling tower construction at BHP’s Olympic Dam in South Australia and undertake marine infrastructure projects for Rio Tinto at Cape Lambert and Dampier ports.

The company also provided a business update, forecasting revenue of approximately AU$1.5 billion for the half year ending 31 December 2025. Strong demand across engineering construction, renewables, and energy sectors—bolstered by its acquisition of Kerman Contracting—has supported growth. Full-year revenue is expected to rise 20–25% year-on-year, underpinned by a robust AU$570 million work pipeline.

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