Monadelphous guides to $1.7 billion revenue and $80-$85 million profit for the half
Monadelphous Group Limited provided half year guidance on 10 November 2026 for the six months ending 31 December 2026. The company is currently forecasting:
- Revenue of approximately $1.7 billion
- Net profit after tax in the range of $80 million to $85 million
Continued strong operational performance and growth-driven economies of scale are expected to support a strong earnings result. A substantial contribution from a number of successful projects approaching completion during the period is also expected to support it.
The guidance is a forecast rather than a reported result, and the company has tied it to these stated drivers.
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What is driving the strong first four months of FY27
Monadelphous reported strong operating conditions throughout the first four months of the 2027 financial year. Activity levels have remained elevated on the back of the substantial level of new contracts and contract extensions awarded over the last couple of years.
The FY26 full year results set the earnings base for this guidance, with management framing FY27 as a consolidation year after three acquisitions added high-voltage and electrical capability.
A further $830 million in new contracts has been secured since 1 July 2026.
Demand for engineering construction services continues to be particularly strong. It is contributing a larger proportion of total revenue than in the first half of the previous financial year.
The company named two primary drivers of the growth:
- Increased revenue from integrated construction projects
- A full six-month contribution from Kerman Contracting
Operating activity will moderate in the second half of the financial year with the completion of work currently under way.
Readers interested in how maintenance extensions and greenfield work combine can find our detailed coverage of the April 2026 contract wins, which breaks down the BHP Olympic Dam and Queensland Alumina extensions and the Harmony Gold project in Papua New Guinea.
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