Monadelphous Group (MND) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with Acknowledgement of Country and recognition of Indigenous engagement initiatives, including a renewed partnership with the Polly Farmer Foundation.

• Hybrid format enabled both in-person and online participation, with clear instructions for safety, technical contingencies, and Q&A procedures.

• Board, executive team, and auditors were introduced, and the agenda included strategic, financial, and operational updates, followed by formal business and voting.

Financial performance review

• Revenue reached AUD 2.27 billion, up 12%, with EBITDA of AUD 158.2 million (24.2% increase) and net profit after tax of AUD 83.7 million (34.6% increase).

• Record AUD 2.3 billion in new contracts and extensions secured, plus AUD 570 million in new work since year-end.

• Earnings per share rose 32.7%; full-year fully franked dividend of AUD 0.72 per share declared, with an 85% payout ratio.

• Workforce grew by over 20% to 9,100, with strong investment in training, diversity, and leadership programs.

• Major contract wins in energy, iron ore, and renewables.

Board and executive committee updates

• Board recommended re-election of directors Sue Murphy and Helen Gillies, highlighting their skills and contributions.

• Board comprises Chair Rob Velletri, Managing Director Zoran Bebic, and four independent non-executive directors.

• Performance rights for the Managing Director under short- and long-term incentive plans were proposed and recommended.