Latest Construction News

Symal Group is set to significantly boost its defence and resources contracting presence through the $51 million acquisition of Shamrock Civil, a Queensland-based contractor with a $315 million pipeline dominated by defence projects.

Fletcher Building expects FY26 EBIT of $375m-$380m, bolstered by $40m in property sale gains, while executing significant divestments to reduce net debt. The company will withdraw its Moody’s credit rating as it targets a simpler capital structure.

Civmec Limited has expanded its order book to a record $1.5 billion, driven by new contracts including a major installation package at Iluka's Eneabba Rare Earths Refinery and a key construction role in Perth Park, Western Australia's flagship entertainment precinct.

Acrow Limited’s Industrial Access division is on track to exceed $200 million in revenue for FY26, driven by acquisitions and organic growth, with secured contracts underpinning strong FY27 prospects.

SHAPE Australia has agreed to acquire Australian Professional Shopfitters (APS) for up to $29.4 million, adding a vertically integrated retail fitout capability and boosting earnings with a 5-7% EPS accretion forecast in the first full year.

Fletcher Building has cleared a major hurdle in its divestment strategy, with the sale of its Construction Division to VINCI Construction now unconditional and the purchase price rising to about $334 million.

SHAPE Australia forecasts FY26 revenue up nearly 23% and NPAT soaring 47%, driven by sector diversification and modular expansion.

Duratec has landed a $68 million subcontract to build and commission the Blast and Paint Facility at the Darwin Ship Lift, a strategic maritime infrastructure project supporting defence and commercial sectors.

RBR Group has secured $365,000 in a share placement led by major shareholder Paul Natoli to fund tender activities in Mozambique and strengthen its balance sheet amid ongoing project opportunities.

Duratec's joint venture with Ertech has clinched a $281 million contract to upgrade submarine infrastructure at HMAS Stirling, marking a major step in Australia's AUKUS defence preparations.

PARKD Ltd has secured a $220,000 strategic investment from NSW concrete heavyweight Azzurri Concrete, reinforcing its modular construction push in the state and complementing its existing Queensland partnership.

Duratec Limited is set to acquire Newcastle-based Pacific Welding Australia for up to $12 million, boosting its Energy and Mining sector footprint in NSW. The deal enhances Duratec’s self-perform capabilities and access to key Hunter Region clients.