Monadelphous

(AI video summary)

This video was created on 24 February 2026 for IG audiences by ausbiz.

ASX code: MND

Rising demand and record revenue for Monadelphous

Monadelphous Group Limited reported a record first-half (H1) revenue of $1.53 billion, a 45% increase from the prior period. The mining services company is benefiting from ongoing demand in the resources and energy sectors. Net profit after tax (NPAT) rose by over 5% to $65 million. Revenue and earnings per share (EPS) exceeded expectations by 5% and 17%, respectively. The company maintained its fully franked interim dividend at $0.49 per share.

Positive broker outlooks

Both Citi and RBC Capital provided positive assessments. Citi praised Monadelphous for its focus on risk, capacity, and cost management, labelling it a high-quality contractor. RBC Capital highlighted the upgraded revenue guidance and sustained margins as strong signals for financial year (FY) 2026. The stock increased nearly 14% as the market responded to these developments.

Investment outlook

Monadelphous, with forward contracts worth approximately $1.4 billion over the next few years, is well-positioned for growth. Analysts note its strong balance sheet and potential for future investments. Despite the positive indicators, caution is suggested regarding the stock's price-to-earnings (P/E) ratio and growth prospects.