Monadelphous sees higher H1 revenue on energy surge
Engineering group Monadelphous (ASX:MND) has delivered its performance for the half-year ended Dec. 31, 2025, underpinned by a surge in activity across the energy and resources sectors.
The company reported a revenue of $1.53 billion, representing a 45.6% increase compared to the prior corresponding period.
The growth translated to a robust bottom line, with net profit after tax rising 52.6% to $64.9 million.
The Engineering Construction division saw revenue jump 67% to $677.8 million, bolstered by service expansions and the Zenviron renewable energy business, which benefitted from large-scale wind and battery storage projects.
Meanwhile, the Maintenance and Industrial Services division contributed $852 million in revenue, a 32.1% increase driven by sustained demand from iron ore customers and heightened energy sector activity.
Monadelphous remains in a sturdy position with an EBITDA of $116.2 million and a healthy cash balance of $322 million.
Strong operational cash flow of $171.1 million reflects a high cash flow conversion rate of 186%.
The board declared a fully franked interim dividend of 49 cents per share.
The company's outlook is supported by $1.4 billion in new contracts and extensions secured since July 2025, alongside strategic growth through the acquisitions of Kerman Contracting, Australian Power Industry Partners, and High Energy Service.
