Monadelphous forecasts $1.7B in half-year revenue
By Jon CuthbertKey points
- Monadelphous projected revenue of approximately $1.7 billion and net profit after tax of $80 million to $85 million for the half year ending Dec. 31.
- Following the announcement, the Monadelphous share price was down 4.21% at $28.30.
- The group attributed this performance to elevated engineering construction demand and contributions from newly acquired contracts.
Monadelphous (ASX:MND) expects first-half revenue to reach approximately $1.7 billion on elevated construction demand.
The guided revenue figure compares with $1.53 billion recorded in the previous corresponding half year.
The company stated that increased revenue from integrated construction projects and a full six-month contribution from Kerman Contracting are driving top-line expansion.
Net profit after tax for the six-month period ending Dec. 31 is forecast between $80 million and $85 million.
Following the announcement, the Monadelphous share price was down at $28.30.
The business secured an additional $830 million in new contracts and extensions since July 1.
Management noted that operating activity is expected to moderate across the second half of the 2027 financial year as existing projects finish.
