• Revenue $1.051 billion, up 4.2% on pcp
• NPAT $42.5 million, up 41.3% on pcp
• EBITDA $79.8 million, an increase of 30.2%

Monadelphous Group Ltd (ASX: MND) announced its results for the half year ended 31 December 2024, with revenue of $1.051 billion up 4.2% on the prior corresponding period. The Maintenance and Industrial Services division continued to experience strong demand, delivering revenue of $645.1 million, while the Engineering Construction division reported revenue of $405.4 million, a 33.7% increase. Net profit after tax was $42.5 million, up 41.3%, with EBITDA increasing 30.2% to $79.8 million. The EBITDA margin improved from 6.08% to 7.59%. Monadelphous secured approximately $1.7 billion of new contracts and extensions across energy, iron ore, other minerals and renewable energy sectors. The company continued to focus on safety, diversity, inclusion, community and sustainability initiatives, and progressed productivity and innovation efforts.

The company expects resources and energy demand to remain strong over the long-term, underpinned by sustained economic growth and increasing investment in decarbonisation activities. Significant investment in the renewable energy sector is also forecast to support the energy transition.