• Secured $2.3 billion in new contracts and extensions in FY25
• Acquired High Energy Service and Kerman Contracting to expand services
• Renewable energy JV Zenviron secured major wind and battery storage contracts

Monadelphous Group Ltd delivered a strong performance in FY25, with revenue increasing 12% to $2.27 billion and NPAT rising 34.6% to $83.7 million. The company secured around $2.3 billion in new contracts and extensions during the year, its highest on record, and has secured a further $570 million in new work since the end of FY25, providing ongoing momentum. Major contract wins were achieved across the energy, iron ore and renewables sectors, including over $1 billion in energy sector construction and maintenance work. Monadelphous continued to advance its long-term growth strategy, particularly in markets linked to the energy transition, with the acquisition of High Energy Service strengthening its capability in high voltage electrical services and the acquisition of Kerman Contracting broadening its non-process infrastructure expertise. The company's renewable energy joint venture, Zenviron, also delivered a strong performance, securing contracts for the Lotus Creek Wind Farm and the Wooreen Battery Energy Storage System. While Monadelphous' safety performance fell short of expectations, the company launched targeted campaigns to drive improvement. It also made progress on diversity commitments, exceeding targets under its Stretch Reconciliation Action Plan, and advancing its Net Zero initiatives. The long-term outlook remains strong, with sustained production levels across most commodities underpinning demand for Monadelphous' services, and significant opportunities in the energy transition and critical metals sectors.

Monadelphous delivered revenue of $2.27 billion and NPAT of $83.7 million in FY25, representing a 12% increase in revenue and a 34.6% increase in NPAT. The company declared a full-year fully franked dividend of 72 cents per share.

The long-term outlook for Monadelphous' key sectors remains strong, with sustained production levels across most commodities continuing to underpin demand for sustaining capital works and maintenance services. The outlook for energy transition and critical metals is also strengthening, with significant opportunities in both construction and maintenance.