Monadelphous Reports Record First-Half Revenue, Increases Dividend

Monadelphous reported record revenue for the first half of its financial year, leading to an increased dividend for investors. For the six months ending December, the engineering contractor's revenue surged over 40% to $1.53 billion, which drove profit up 52.6% to $64.9 million.

The company will pay a fully franked interim dividend of 49 cents per share, an increase from 33 cents in the previous year.

Monadelphous noted strong operating conditions across all sectors, supported by a record level of work secured during the prior financial year.

Engineering Construction Division Sees Significant Growth

The engineering construction division's revenue reached $677.8 million for the six-month period, an increase of approximately 67% compared to the prior corresponding period. This growth was attributed to service expansion and enhanced end-to-end delivery capabilities.

Zenviron, the company's renewable energy business, also experienced increased activity from larger wind and battery energy storage projects.

Robust Performance in Maintenance and Industrial Services

Revenue from the maintenance and industrial services division rose by 32.1% to $852 million.

Strong Order Book and Positive Outlook

Monadelphous has added $1.4 billion in new work to its order book since the start of FY26 and ended the first half with $322 million in cash.

Managing director Zoran Bebic forecasts full-year revenue to be approximately 30% higher than the prior period, with first-half operating margins maintained.