Monadelphous Group (MND) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of AUD 1.53 billion, up 46% year-over-year, driven by strong demand and activity across resources, energy, and infrastructure sectors, and expanded service capabilities.

• Net profit after tax rose 53% to AUD 64.9 million, with earnings per share of 65.2 cents.

• Declared a fully franked interim dividend of 49 cents per share, up from 33 cents last year.

• Significant contract wins and strategic acquisitions broadened market reach and service offerings, including high-voltage and renewables.

• Workforce expanded to approximately 8,400, reflecting high activity and ongoing investment in training and diversity.

Financial highlights

• Revenue from contracts with customers reached AUD 1.53 billion, up 46% from the prior year.

• EBITDA was AUD 116.2 million, up 46%, with an EBITDA margin of 7.59%.

• Net profit after tax margin improved to 4.5% from 4.2% year-over-year.

• Cash balance at period end was AUD 322 million, with strong operating cash flow of AUD 171 million and a cash flow conversion rate of 186%.

• Interim dividend of 49 cents per share declared, with dividend reinvestment plan applying.

Outlook and guidance

• Full-year FY26 revenue forecast to be approximately 30% higher than the prior year, with operating margins maintained.

• Long-term demand in resources and energy sectors expected to remain strong, supported by commodity prices and energy transition investments.

• Over AUD 1.4 billion in new contracts secured since the start of FY26.