Latest Construction Services News

Acrow Limited reaffirms its first half FY26 revenue guidance with a 22% increase year-on-year, driven by robust demand in key Australian regions and strategic capital investments.

Oldfields Holdings reports steady progress in its turnaround strategy, cutting costs and reallocating assets to stronger regions while preparing for a capital raise and potential acquisitions.

Fleetwood Limited has appointed Andrea Pidcock as its new CEO, bringing a wealth of operational and commercial leadership experience to the industrial and construction services company. Her appointment signals a strategic push towards operational excellence and growth through modern construction methods.

Southern Cross Electrical Engineering Limited has landed $90 million in new contracts spanning data centre expansion and rail infrastructure projects in Sydney, reinforcing its multidisciplinary strengths.

Monadelphous Group Limited reported a robust FY25 with record contract wins and a 30% revenue surge, setting the stage for continued growth in FY26. The company’s strategic acquisitions and energy transition focus underpin its optimistic outlook.

Monadelphous Group Limited has agreed to acquire Western Australian firm Kerman Contracting, enhancing its infrastructure capabilities in key sectors. The $15 million deal, combining cash and shares, is set to complete by year-end.

Johns Lyng Group’s acquisition by Sherwood BidCo has been legally approved, triggering a suspension of JLG shares on the ASX. Shareholders are set to receive $4 per share or scrip consideration by late October.

The Supreme Court of New South Wales has approved the scheme for Pacific Equity Partners to acquire Johns Lyng Group, setting the stage for a significant ownership change and trading suspension on the ASX.

Monadelphous Group Limited has secured $220 million in new construction contracts in Western Australia's Pilbara region, partnering with mining giants BHP and Fortescue. These projects underscore the company's growing footprint in resource sector infrastructure and decarbonisation efforts.

Johns Lyng Group Limited (JLG) shareholders are set to vote on a scheme of arrangement that would see Sherwood BidCo Pty Ltd, backed by Pacific Equity Partners, acquire 100% of JLG shares at a significant premium. The scheme booklet, now registered with ASIC, outlines a $4.00 per share cash consideration and an option for management shareholders to receive scrip in the acquirer's holding company.

GR Engineering Services Limited reported a 12.96% increase in revenue to $479 million for FY25, alongside a 9.7% rise in net profit after tax to $34.2 million. The company declared a fully franked final dividend of 12 cents per share, signaling confidence in its robust project pipeline and financial position.

SHAPE Australia Corporation Limited reported a robust FY25 with revenue climbing 14% to nearly $957 million and net profit after tax soaring 32%, driven by strategic diversification and geographic expansion.