Monadelphous Group reported a 52% jump in full-year net profit to AUD 127.3 million on revenue of AUD 2.98 billion for the 12 months ended June 30, 2026. The engineering and industrial services company posted EBITDA of AUD 226 million, up 43% from the prior year, with an EBITDA margin of 7.58%. Earnings per share rose 50% to AUD 1.276, while operating cash flow reached AUD 245.1 million with a conversion rate of 147.4%.
The board declared a final dividend of AUD 0.59 per share, lifting the full-year fully franked dividend to AUD 1.08 per share, a 50% increase. The group’s debt-to-equity ratio stood at 0.15, with a current ratio of 1.48 and return on equity of 20%. Total workforce reached a record 9,365 people, including subcontractors, with a 97% talent retention rate.
Divisionally, engineering construction revenue climbed 48% to AUD 1.37 billion, driven by iron ore projects and integrated services, while maintenance and industrial services revenue rose 20% to AUD 1.61 billion. Safety performance improved, with the total recordable injury frequency rate falling 19% to 3.57 incidents per million hours worked. Indigenous supplier spending increased 42% to AUD 40 million.
Management flagged FY27 as a year of consolidation, with revenue expected to be flat to modestly higher. EBITDA margins are targeted to remain near current levels, while corporate costs are projected to rise in line with CPI. Capital expenditure is anticipated to average about 2% of revenue, with an underlying tax rate of around 30%. Since July 1, 2025, the group has secured over AUD 2.7 billion in new work, including AUD 680 million since the start of FY27.
Major contracts included AUD 250 million for Rio Tinto’s Brockman Syncline One iron ore project, AUD 200 million for BHP’s Port Debottlenecking Project 2, and a AUD 380 million construction contract for CS Energy’s Brigalow Peaking Power Plant. Acquisitions completed in the year included Kerman Contracting, Australian Power Industry Partners, and High Energy Service.
Shares fell 13.01% to AUD 28.16 following the results, extending a decline from the prior close of AUD 32.37. The stock remains well below its 52-week high of AUD 36.88 and above its low of AUD 20.11, with a prior 12-month total return of nearly 59%.
