Monadelphous shares lift on strong full-year earnings
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More news: Shares in Monadelphous lifted in afternoon trade after delivering strong full-year earnings on the back of a 27% year-on-year revenue growth through its engineering construction division.
Monadelphous’ share price had lifted 3.3% to $20.93 at 1:37pm AEST.
RBC Capital Markets analyst Nicholas Daish said the engineering firm’s profit and loss result was “solid”, flagging that underlying EBITDA of $153 million was 1% better than the financial services group’s expectation and in-line with market consensus.
Daish also noted that construction revenue was 4% better than market consensus while maintenance and industrial services revenue was 3% better.
Monadelphous profit jumps 35% to $84m, with record contracts
The news: Engineering firm Monadelphous generated $83.7 million net profit after tax in financial year 2025, a 34.6% increase year on year amid an increase in the level of construction activity and as the company secured a record in new contracts and extensions.
The numbers: FY25 net profit after tax was higher than the $62.2 million posted last year and the market consensus estimate of $82.3 million, according to Visible Alpha. During FY25, the company secured approximately $2.5 billion worth of new contracts and extensions that began in the period.
Revenue for FY25 came in at $2.27 billion, which is 12% higher than the $2.03 billion in FY24. The consensus estimate was $2.19 billion.
Monadelphous declared a final dividend of 39 cents per share fully franked, up from 33 cents per share in the previous corresponding period. The full FY25 dividend of 72 cents was 24% higher than the previous year.
The context: The energy sector helped the maintenance and industrial services division reach record revenue of $1.35 billion. Meanwhile, the engineering construction division saw a 30% increase in revenue to $925 million amid "solid demand across the iron ore, energy, copper, lithium and renewable energy sectors," the company said.
What they said: Monadelphous managing director Zoran Bebic said that demand for energy transition metals and the pursuit of net zero emissions is "driving a significant pipeline of opportunities, as well as customer decarbonisation and electrification activity".
The sources: ASX, RBC Capital Markets research
