By Digifin Pty Ltd · About this coverage
Key Points
- Half year net profit after tax forecast at $80 million to $85 million
- Half year revenue forecast at approximately $1.7 billion
- A further $830 million in new contracts secured since 1 July 2026
- Operating activity expected to moderate in the second half of the financial year
About Monadelphous (ASX:MND)
Monadelphous Group Limited is an ASX-listed engineering contractor headquartered in Perth and founded in 1972. It builds and maintains processing plant, pipelines, and port and rail infrastructure for iron ore, LNG, gold and infrastructure clients, split between an Engineering Construction division and a larger, more recurring Maintenance and Industrial Services division. It also builds wind and solar projects through its Zenviron joint venture.
Monadelphous (ASX:MND) issued guidance for the half year ending 31 December 2026, forecasting net profit after tax of $80 million to $85 million on revenue of approximately $1.7 billion.
The company says activity levels have remained elevated through the first four months of the 2027 financial year, supported by new contracts and contract extensions awarded over the last couple of years, and that it has secured a further $830 million in new contracts since 1 July 2026. Engineering construction services are contributing a larger proportion of total revenue than in the first half of the previous financial year. Monadelphous names increased revenue from integrated construction projects and a full six-month contribution from Kerman Contracting as the primary drivers of the growth. It expects operational performance, economies of scale and a substantial contribution from a number of projects approaching completion during the period to support the half year earnings.
The profit range is a forecast the company describes as applying at this stage. The release gives no prior period comparatives for revenue or profit, and says operating activity will moderate in the second half of the financial year as work currently under way is completed.
Source: Monadelphous Group Limited (ASX:MND), 10 November 2026. Summary content supplied by Digifin Pty Ltd.
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