• Record revenue of $2.4bn, up 20%
• Underlying EBITDA record of $387.4m, up 10%
• Underlying EBIT(A) record of $171.4m, up 22%
• Successful integration of Decmil acquisition

Macmahon Holdings Ltd has delivered a record financial year ended 30 June 2025 (FY25), with revenue increasing by 20% to $2.4 billion and underlying earnings reaching new highs. Underlying EBITDA increased by 10% to $387.4 million, while underlying EBIT(A) grew by 22% to $171.4 million. The company's statutory net profit after tax also increased by 39% to $73.9 million. The strong financial performance was driven by the successful integration of the Decmil acquisition, which added approximately $400 million of new civil work to Macmahon's order book during the year, as well as continued growth in the Surface and Underground mining businesses. Macmahon's order book stood at $5.4 billion as of 30 June 2025, with a tender pipeline of $24.2 billion. The company's balance sheet also improved, with net debt reduced to $162.5 million and gearing at 19%. Macmahon's Board has declared a final dividend of 0.95 cents per share, bringing the total FY25 dividend to 1.50 cents per share, up 43% from the previous year. Looking ahead, Macmahon is guiding for revenue of $2.6 billion to $2.8 billion and underlying EBIT(A) of $180 million to $195 million for FY26.

For FY26, Macmahon is guiding for revenue of $2.6 billion to $2.8 billion and underlying EBIT(A) of $180 million to $195 million. FY26 capital expenditure is expected to be around $245 million.

Macmahon is well-positioned to continue delivering earnings growth and improved returns in FY26, with a robust and diversified order book, strong balance sheet, and a clear pathway to growth through its $24.2 billion tender pipeline. The company remains confident in its outlook, despite expectations of an uncertain macroeconomic environment.