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, with expanded service capabilities.

• Net profit after tax rose 53% to AUD 64.9 million, with earnings per share of AUD 0.652 (65.2 cents), up 51% year-over-year.

• Significant contract wins and extensions totaling over AUD 1.4 billion since the start of FY 2026, especially in iron ore and energy sectors, alongside strategic acquisitions broadening market reach.

• Workforce at approximately 8,400, reflecting high activity levels and ongoing investment in leadership, training, and diversity initiatives.

Financial highlights

• Revenue from contracts with customers reached AUD 1.53 billion, a 46% increase year-over-year.

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

• Net profit after tax was AUD 64.9 million, up 53% year-over-year.

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

• Interim dividend declared at AUD 0.49 per share, fully franked, up from 33 cents last year.

Outlook and guidance

• Full-year FY 2026 revenue forecast to be approximately 30% higher than the prior year, with first-half operating margin maintained.

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

• Continued focus on selective new work, disciplined risk allocation, and leveraging enhanced delivery capability.

• Over AUD 1.4 billion in new contracts secured since the start of FY 2026.

• Energy transition and decarbonization projects present significant long-term opportunities.