Downer, Monadelphous and SRG Global FY26 Results: Earnings and Dividends Rise

Sonal Goyal

22 October 2026 07:00 AM AEDT

Downer, Monadelphous and SRG Global FY26 Results: Earnings and Dividends Rise

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Key highlights

Downer (ASX:DOW) reported underlying EBITA of $502.9 million, a 5.1% margin, and a total dividend of 29.2 cents.
Monadelphous (ASX:MND) reported revenue of $2.98 billion, up 31.5%, and full-year dividends of 108 cents per share.
SRG Global (ASX:SRG) reported revenue of $1,675.5 million, record work in hand of $5.1 billion and upgraded FY27 guidance.

Engineering, maintenance and construction contractors report results through revenue, margins and work in hand, which show how much contracted activity they carry into the next year. This article reviews the FY26 results of Downer EDI Limited (ASX:DOW), Monadelphous Group Limited (ASX:MND) and SRG Global Limited (ASX:SRG) for the year ended 30 June 2026.

Sector context

Contractors depend on infrastructure, resources and utility spending, labour availability and project execution. The releases refer to demand from energy, data centres, defence, transport and iron ore maintenance.

Downer EDI Limited (ASX:DOW)

Downer reported FY26 results on 20 August 2026. Statutory revenue was $9,744.8 million, down 7.5%, underlying EBITA was $502.9 million, up 6.1%, with the margin up 70 basis points to 5.1%, and statutory NPAT was $225.4 million, up 51.2%. Underlying NPATA was $306.7 million, up 9.8%.

The total dividend was 29.2 cents per share, up 17.3%, including a fully franked 16.3 cent final dividend, and net debt to EBITDA improved to 0.8 times. The release notes that a New Zealand Road Services team member died in January 2026.

Monadelphous Group Limited (ASX:MND)

Monadelphous reported 2026 full-year results on 25 August 2026. Revenue was a record $2.98 billion, up 31.5%, EBITDA was $226.0 million, up 42.9%, NPAT was $127.3 million, up 52.1% and EPS was 127.6 cents. Full-year dividends were 108 cents per share, up 50%.

Engineering Construction revenue was $1.37 billion, up 48.5%, and Maintenance and Industrial Services revenue was a record $1.61 billion, up 20%. The company secured more than $2.7 billion of new contracts and extensions since 1 July 2025.

SRG Global Limited (ASX:SRG)

SRG Global reported FY26 results on 18 August 2026. Revenue was $1,675.5 million, up 27%, underlying EBITDA was $170.1 million, up 34% and EBIT(A) was $131.8 million, up 41%. The company moved to net cash of $6.2 million, and the total FY26 dividend was 7.0 cents, up 27%.

Work in hand reached a record $5.1 billion, up 42%, and the acquired TAMS business delivered about 10% above its business case over its first eight months. FY27 guidance was upgraded to EBITDA of $195–205 million and EBIT(A) of $150–160 million.

What the three contractor results show

All three contractors reported higher earnings and dividends, with Monadelphous and SRG Global also reporting large increases in revenue. Downer’s revenue declined as the group reshaped its portfolio, while its margin and profit rose.

FAQs

Q: What was Downer’s (ASX:DOW) total FY26 dividend?

A:29.2 cents per share, up 17.3%.

Q: What is SRG Global’s (ASX:SRG) FY27 EBITDA guidance?

A:$195–205 million.

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