Monadelphous Contracts Update

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Stock Monadelphous Group Ltd (MND.ASX)
Release Time 25 Sep 2025, 8:18 a.m.
Price Sensitive Yes
 Monadelphous Secures $220M in New Construction Contracts
Key Points
  • Awarded major contract with BHP for Jimblebar Train Loadout Replacement Project
  • Secured contract for Fortescue's North Star Junction Battery Energy Storage System
  • Vertically integrated scope includes civil, structural, mechanical, electrical, and fabrication works
Full Summary

Engineering company Monadelphous Group Limited (ASX: MND) has announced the award of new construction contracts in the resources sector valued at approximately $220 million in aggregate. The Company has secured a major multidisciplinary construction contract with BHP associated with the Jimblebar Train Loadout Replacement Project, located near Newman in the Pilbara region of Western Australia. The vertically integrated scope includes earthworks and civils performed by Melchor, the Company's civil business, structural, mechanical, piping, electrical and instrumentation works, as well as offsite fabrication and procurement provided by Inteforge, the Company's fabrication business. Work under the contract is expected to be completed in late 2027. Monadelphous has also been awarded a contract for the construction of Fortescue's North Star Junction Battery Energy Storage System (BESS) supporting Fortescue's commitment to decarbonising its Pilbara operations. The work, which is located 140 kilometres south of Port Hedland, Western Australia, is expected to be completed in the first half of 2026.

Guidance

The new contracts are valued at approximately $220 million in aggregate. The Jimblebar Train Loadout Replacement Project contract is expected to be completed in late 2027, and the Fortescue North Star Junction BESS contract is expected to be completed in the first half of 2026.

Outlook

The new contract awards demonstrate Monadelphous' continued success in securing major projects in the resources sector, further strengthening the Company's order book and future revenue streams.