Latest Engineering And Construction Services News

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Monadelphous Group Limited has updated its dividend announcement, confirming a fully franked ordinary dividend of 49 cents per share and setting the Dividend Reinvestment Plan price at $27.36. The payment is scheduled for late March, offering shareholders a no-discount DRP option.

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.

Worley Limited reported a robust FY25 with a 29% rise in statutory NPATA to $475 million and announced a $500 million share buy-back, underpinned by strong bookings and strategic cost management. The company anticipates moderate growth in FY26 despite ongoing geopolitical uncertainties.

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.

WestStar Industrial’s subsidiary SIMPEC has landed a significant $11 million contract to expand Tianqi Lithium’s Kwinana hydroxide processing facility, reinforcing its role in Australia’s energy transition.

NRW Holdings’ subsidiary Primero Group has landed a $157 million contract from Rio Tinto to deliver critical infrastructure at Hope Downs in Western Australia, extending their longstanding partnership.

Civmec’s 1H FY25 results reveal robust revenue growth and a strong balance sheet, underpinned by a diversified project pipeline and strategic moves into naval shipbuilding and material handling equipment manufacturing.