Latest Construction News

Simonds Group delivered a record net profit after tax of $10.5 million for FY26, driven by a 9.5% revenue rise to $729.1 million and strategic expansion including a Western Australia joint venture.

Acrow Limited secures final ACCC approval for its AusGroup Industrial Services acquisition, clearing the path for completion on 1 September 2026 and strengthening its foothold in Australia’s civil infrastructure sector.

Duratec Limited (ASX:DUR) reported a 4.1% rise in net profit after tax to $23.8 million for FY26 on stable revenue, underpinned by a record $650.8 million order book and multiple strategic acquisitions expanding its service portfolio.

Embelton Limited has reported a solid 20.4% increase in revenue and a 34.7% jump in profit after tax for FY2026, underpinned by a strategic pivot away from residential construction towards infrastructure and social sectors. The company held its dividend steady amid improving cash flow and reduced borrowings.

Tamawood Limited boosted its profit after tax by over 40% to $8.19 million in FY26 while maintaining a debt-free balance sheet and accelerating AI-driven operational efficiencies.

NRW Holdings' Golding Contractors has secured $130 million in civil works contracts for major residential developments at Yarrabilba and Shoreline, extending its footprint in Queensland's booming housing market.

BauMart Holdings has secured $244,463 through a placement of over 24 million shares at one cent each, aiming to bolster its BuildMart Modular operations and general working capital.

Acrow Limited has secured Phase 1 clearance from the ACCC for its AusGroup Industrial Services acquisition, removing a key regulatory hurdle and setting the stage for completion by the end of August.

Duratec has landed approximately $70 million in contracts spanning energy, marine, and mining sectors, notably winning a construction management role at Orica’s Hunter Valley Hydrogen Hub.

Acrow Limited has raised $16 million through an oversubscribed Share Purchase Plan, exceeding its $10 million underwriting target. The additional funds will be directed towards debt reduction, reinforcing the company’s financial position ahead of a pending placement approval.

Tamawood expects a 40% increase in FY26 profit before tax to $11.679 million, buoyed by improved cash reserves and operational resilience amid cost pressures.

FDC Consolidated lifted its profit after tax to $54.9 million for FY2025, alongside a significant jump in dividends paid and a strong revenue increase driven by its construction and fitout operations across Australia.