Latest Construction News

Pilbara Minerals reported a 4% increase in lithium production for FY25 despite a 39% revenue drop amid falling prices, maintaining a robust balance sheet and outlining optimistic FY26 growth plans.

Pilbara Minerals reported a 4% rise in spodumene production and a 7% increase in sales for FY25 despite a 43% plunge in lithium prices, resulting in a statutory loss but maintaining robust cash reserves.

Felix Group Holdings reported a 21% revenue increase in FY25, driven by strong enterprise platform sales and positive cash flow, while strategically acquiring Nexvia to expand its SaaS footprint in construction.

Pilbara Minerals Limited (PLS) reported a challenging FY25 marked by a 39% revenue drop and a net loss of $196 million amid falling lithium prices. Despite this, the company advanced key expansion projects, acquired a Brazilian lithium asset, and made significant sustainability strides.

Felix Group Holdings Limited reported a reduced net loss for FY25 alongside a 20% growth in enterprise ARR and a strategic acquisition of Nexvia to accelerate its supply chain platform expansion.

Reece Limited has announced an ordinary fully franked dividend of AUD 0.1186 per share for the six months ending June 2025, signaling steady shareholder returns ahead of the payment date in October.

Reece Limited reported a modest 1% decline in FY25 sales to $9 billion, with earnings pressured by soft housing markets in Australia and the US. Despite operational investments and branch expansions, the company faces a cautious outlook over the next 12-18 months.

Pacific Lime and Cement Limited has approved the Final Investment Decision for its Central Lime Project in Papua New Guinea, adopting a fully equity-funded strategy that slashes upfront capital expenditure by 42% and eliminates debt servicing costs. Construction is underway, with production expected within 18 months.

Reece Limited reported a modest revenue decline and a sharper drop in profits for FY25, reflecting subdued demand in key markets and ongoing investment in growth. The company declared a reduced fully franked dividend as it navigates a challenging housing environment.

IPD Group Limited has delivered record financial results for FY25, hitting the top end of its guidance with robust revenue growth and a significant dividend increase. The company’s strategic acquisitions and expansion into key infrastructure sectors underpin its optimistic outlook.

IPD Group has reported record full-year results for FY25, with revenue surging 22.1% to $354.7 million and net profit rising 17% to $26.2 million. The company’s growth is underpinned by strategic acquisitions and strong demand in data centres and EV infrastructure.

IPD Group Limited has reported record revenue and profit for the year ended 30 June 2025, driven by growth in key infrastructure sectors despite commercial construction headwinds. The company also declared a fully franked final dividend and significantly reduced its debt.