Latest Contract Award News

RBR Group has secured its first post-restart Mozambique LNG contract, but the A$2 million-scale award arrives alongside just A$32,000 in cash and overdue convertible notes. The company is relying on further contract wins, debt restructuring and new capital to bridge the gap.

WhiteHawk reported a US$313,000 operating cash outflow for the September quarter, while a new A$1.5 million debt facility and A$1.24 million in annualised cost savings support its next phase. The post-quarter completion of Quixxi adds AI governance products, international customers and a four-year A$635,238 Italian contract, but revenue conversion remains the test.

DXN has delivered a sharp revenue rebound and lifted its backlog to A$30.8 million, but the growth story is complicated by the expected cancellation of its maiden A$8.8 million AI contract. The company is relying on a new A$12.2 million project, expanding factories and improved customer collections to convert momentum into cash.

RemSense reported stronger customer receipts, an 89% rise in invoiced services and further expansion across Woodside-operated assets in the September quarter. The progress comes with negative operating cash flow and a reported 2.32 quarters of funding, keeping execution and cash conversion firmly in focus.

Civmec has started FY27 with a sharp rise in activity, lifting quarterly revenue about 70% to A$324 million and NPAT about 75% to A$18.4 million. Its order book stands at approximately A$1.4 billion as major resources, infrastructure and defence projects ramp up.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

archTIS has reached a significant cash conversion milestone, with quarterly customer receipts exceeding operating payments for the first time since its Spirion acquisition. The cybersecurity company also reported higher margins, lower costs and fresh U.S. defence work, although its most closely watched enterprise licence remains unsigned.

Monadelphous has secured approximately $150 million of new resources-sector work across Western Australia, Queensland and New South Wales. The awards extend its maintenance and shutdown pipeline, although the company has not disclosed the value or expected margins of each contract.

NRW Holdings delivered record FY26 revenue and earnings after folding Fredon into a new EMIT division, while debt-funded expansion lifted leverage. The company enters FY27 with A$7.5 billion of secured work, a larger banking facility and a sharper test of whether diversification can keep converting into cash.

GR Engineering Services delivered stronger FY26 earnings and lifted its dividend, but the scale of its new project pipeline is bringing a substantial working-capital requirement. The ASX-listed contractor is forecasting FY27 revenue of A$825 million to A$850 million after securing more than A$1 billion in contracts since April.

Maritana Minerals has moved the Black Swan Processing Hub into active construction after securing all statutory process-plant approvals. The gold developer ended September with A$214.5 million in cash, a larger resource base and first gold still targeted for the second half of 2027.

Kinetiko Energy has moved its Brakfontein project closer to production, adopting a Phase 1 development plan and advancing permitting and CNG engineering. The progress comes with only 1.54 quarters of funding available, leaving the company reliant on pending capital and project payments.