Highlights

  • Monadelphous expects half-year revenue of approximately AUD 1.5 billion for the period ending 31 December 2025.
  • More than AUD 570 million in new contracts have been secured since the start of FY26.
  • MND shares were trading 9.90% higher at AUD 24.75 during the session on 10 November 2025.

Engineering and construction services provider Monadelphous Group Limited (ASX: MND) has issued its revenue guidance for the half year ending 31 December 2025, projecting approximately AUD 1.5 billion in revenue. The company reported elevated activity levels across its operations, supported by ongoing demand for engineering construction services and a growing pipeline of new projects.

Sustained Activity and Project Momentum

Monadelphous stated that operating conditions have remained favourable through the first four months of the 2026 financial year, maintaining the momentum achieved in the final quarter of FY25. The company said this was supported by a record level of work secured during FY25 and a continued rise in project activity across its engineering and construction divisions.

Demand for engineering construction services has been particularly high, with increased revenue contributions from vertically integrated construction projects. These projects have leveraged Melchor’s civil construction expertise and Inteforge’s fabrication capabilities.

Increased Major Project and Energy Sector Activity

Monadelphous reported higher levels of major project activity within its Zenviron and Mondium joint ventures, alongside growing demand from customers in the energy sector. The company noted a substantial rise in brownfields developments and turnaround service work, indicating continued investment in sustaining and expanding existing infrastructure.

The recent acquisition of Kerman Contracting has further expanded Monadelphous’ capabilities, enabling it to deliver non-process infrastructure design and construction services.

Expanding Contract Pipeline

The company confirmed that its committed work pipeline remains strong, with more than AUD 570 million in new contracts secured since the beginning of FY26. Monadelphous expects additional contract awards over the coming months as tender activity continues across the resources and energy markets.

Management said operating activity is likely to moderate in the second half of the financial year as several major projects move through key stages of completion. Nevertheless, the company anticipates full-year revenue for FY26 to be around 20% to 25% higher than the previous financial year, supported by a healthy order book and ongoing customer demand.

Market Response

Following the update, Monadelphous shares were trading 9.90% higher at AUD 24.75 per share during the trading session on 10 November 2025.