• Revenue up 33.7% to $405.4 million in Engineering Construction
• Secured $1.7 billion in new contracts and extensions
• NPAT increased 41.3% to $42.5 million, with improved operating margins

Monadelphous Group Ltd has reported a strong set of results for the first half of the 2025 financial year. Revenue from contracts with customers increased by 4.2% to $1,050.5 million, with the Engineering Construction division seeing a 33.7% rise in revenue to $405.4 million. This was driven by a significant increase in engineering construction activity, with the company securing $1.7 billion in new contracts and extensions across a range of industry sectors. The Maintenance & Industrial Services division also performed well, with revenue of $645.1 million. Net profit after tax attributable to equity holders of the parent increased by 41.3% to $42.5 million, favorably impacted by a $7 million variance in non-operating items and improved operating margins. The company's cash balance stood at $272.5 million as of 31 December 2024, with a cash flow conversion rate of 145%. Monadelphous continues to focus on safety, sustainability, and talent development, with improvements in employee retention rates and strong participation in graduate, vacation, apprenticeship, and traineeship programs.

High single digit revenue growth is anticipated for FY25, with improved operating margins.

Monadelphous expects resources and energy demand to remain strong, with increasing investment related to decarbonization. The company sees a significant pipeline of prospects in resources and energy, as well as opportunities arising from the electrification of operations and the renewable energy sector. Skilled labor shortages remain a challenge, but the company continues to assess strategic acquisition opportunities.