Mayfield Group Locks in $31M in New Orders as Work in Hand Climbs to $151M
Mayfield Group secures $31 million in new orders as work in hand climbs to $151 million
Mayfield Group Holdings has reported $31 million in new contracts since March 2026, lifting consolidated work in hand to approximately $151 million as at 6 May 2026. The order book now stands 11.8% higher than the $135 million reported in March 2026 and 32.5% above the $114 million recorded in December 2025.
This represents the first contracts update to reflect all four operating businesses following the completion of the SMEC Power & Technology and BE Switchcraft acquisitions during FY2026. The company’s stated strategy centres on building Australia’s leading independent electrical infrastructure platform through organic growth and targeted acquisitions across complementary products and geographies.
Work in hand has expanded 45% from $104 million at 1 July 2025 to $151 million as at 6 May 2026, providing revenue visibility heading into FY2027.
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Data centre contract anchors order book with $15.7 million switchboard deal
Mayfield Industries secured a $15.7 million data centre contract, representing the business unit’s largest single switchboard order in FY2026. The contract anchors a $23.2 million contribution from Mayfield Industries within the $31 million total new orders reported across the Group.
| Business Unit | New Orders ($M) |
|---|---|
| Mayfield Industries | 23.2 |
| BE Switchcraft | 3.3 |
| SMEC Power & Technology | 3.0 |
| ATI | 0.6 |
| Total | 31.1 |
Group Chief Executive Officer Andrew Rowe commented on the sector alignment: “The data centre sector continues to expand as hyperscale facilities are built across Australia, and our manufacturing capacity is aligned with this demand.”
New orders span the Group’s full product range across all four operating businesses, with contracts secured in the following sectors:
- Data centres
- Renewable energy
- Infrastructure
- Power generation
- Mining
- International markets
The $15.7 million single contract demonstrates Mayfield’s positioning in the hyperscale data centre buildout, a structural growth theme with multi-year tailwinds as Australia’s digital infrastructure investment accelerates.
First international export order signals new revenue channel
SMEC Power & Technology secured a $2.0 million order for export to Botswana, marking the first international contract through the business since Mayfield completed its acquisition in March 2026. SMEC contributed $3.0 million in total new orders during the period.
Andrew Rowe highlighted the strategic significance of the export channel: “The $2.0 million SMEC order to Botswana is our first international contract through that business since the acquisition. It opens an export channel we intend to develop further.”
International sales diversify revenue beyond Australian project cycles and leverage SMEC’s existing relationships in African mining markets, where the company has established credentials in underground mining electrical infrastructure and kiosk substations.
Understanding work in hand as a revenue indicator
Work in hand represents contracted orders yet to be delivered and recognised as revenue. This metric functions as a forward-looking indicator of revenue visibility rather than reported earnings, with growth in work in hand typically translating to revenue in subsequent quarters subject to project delivery schedules.
For manufacturers such as Mayfield, work in hand provides insight into production scheduling and capacity utilisation across the Group’s manufacturing facilities in Adelaide, Perth and Kalgoorlie. The $151 million work in hand figure supports management’s revenue expectations for FY2027, as stated in the company’s update.
Work in hand progression shows sustained momentum
The following table tracks work in hand progression from 1 July 2025 to 6 May 2026, with acquisition milestones integrated as BE Switchcraft joined the consolidated position from August 2025 and SMEC Power & Technology from March 2026:
| Date | Work in Hand ($M) |
|---|---|
| 1 July 2025 | 104 |
| August 2025 | 105 |
| October 2025 | 112 |
| December 2025 | 114 |
| March 2026 | 135 |
| 6 May 2026 | 151 |
The data reveals acceleration in recent months, with a $21 million increase from December 2025 to March 2026, followed by a $16 million increase from March to early May 2026.
The acquisition strategy has expanded Mayfield’s addressable market into international mining infrastructure, healthcare, commercial construction and industrial manufacturing. The step-change in work in hand from March 2026 reflects the contribution from newly acquired businesses, validating the acquisition-led growth strategy as these operations integrate into the Group’s consolidated order book.
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Operational management and FY2027 outlook
Management acknowledged operational constraints being managed through targeted initiatives:
- Extended lead times on medium-voltage switchgear components are being addressed through forward procurement strategies
- Labour availability in the Perth facility requires active management as Western Australian manufacturing demand grows
Andrew Rowe stated that procurement and workforce planning measures are in place to support the current order book: “These are manageable constraints, and we have procurement and workforce planning in place to support the current order book.”
The near-term pipeline remains active, with tenders under evaluation across data centres, renewable energy, mining and civil infrastructure sectors.
Andrew Rowe, Managing Director
“Work in hand has grown from $104 million on 1 July 2025 to $151 million as at 6 May 2026. The order book supports our revenue expectations for FY2027.”
The SMEC earn-out assessment period runs to 30 June 2026, with performance against earn-out criteria to be disclosed at the FY2026 full-year results. The Board expects to provide FY2027 outlook commentary at the full-year results in September 2026.
Australia’s investment pipeline in data centres, grid-scale battery storage and critical minerals processing continues to grow. These sectors require the switchboards, switchrooms, substations and control systems that Mayfield manufactures across its Adelaide, Perth and Kalgoorlie facilities. Management’s confidence in FY2027 revenue expectations, underpinned by the $151 million order book, provides investors with visibility ahead of the formal outlook statement scheduled for September 2026.
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