Monadelphous Group (MND) Trading update summary

Trading and operating conditions

• Activity remained elevated through the first four months of FY27, supported by contracts and extensions awarded over the past two years; $830 million in new contracts secured since 1 July 2026.

• Demand for engineering construction services was particularly strong, with the segment contributing a larger share of revenue than in H1 FY26.

• Integrated construction project revenue and a full six-month contribution from Kerman Contracting were key growth drivers.

Half-year outlook

• Forecast H1 FY27 revenue of ~ $1.7 billion for the six months ending 31 December 2026.

• Forecast H1 FY27 NPAT of $80 million to $85 million, supported by operating performance, growth-driven economies of scale and successful projects nearing completion.

• Operating activity is expected to moderate in H2 FY27 as work currently under way is completed.