Monadelphous FY26 slides: record revenue, shares fall on outlook

Monadelphous Group, an Australian engineering and construction services provider, reported record financial performance for FY26 in its annual results released on August 25, 2026. The company's revenue grew by 31.5% to reach $2.98 billion, while net profit after tax increased by 52.1% to $127.3 million. Shares of Monadelphous fell 13.01% to $28.16 following the announcement, as investors focused on management's cautious outlook for FY27 rather than the strong historical results.

The stock moved closer to the lower half of its 52-week range, indicating market concerns about growth sustainability. Despite these challenges, Monadelphous delivered strong results across all major financial metrics, with earnings per share rising 50.1% to 127.6 cents per share, and EBITDA surging 42.9% to $226.0 million. The company's workforce expanded to a record 9,365 employees and subcontractors, and it secured significant new contracts across various sectors, including iron ore, energy, and renewable energy.

Monadelphous also made notable strides in safety performance, diversity and inclusion, and strategic acquisitions to support its continued growth.