Latest Maintenance Services News

Nexion Group Ltd reports a striking turnaround to a $6.3 million net profit in H1 2026, driven by gains from subsidiary sales, while continuing operations still face losses amid efforts to regain ASX trading status.

Clever Culture Systems posted a $1.32 million loss for the half year ending December 2025, reflecting a strategic shift and reduced government grants. Despite this, the company strengthened its cash position, repaid government debt, and grew its APAS Independence instrument footprint globally.

X2M Connect Limited reported a robust first half of FY26 with a 45% revenue increase and significant contract wins in Asia, positioning the company for sustained growth.

Babylon Pump & Power has reported a robust December quarter, driven by strong rental segment performance and a significant new contract with Newmont. Despite challenges in its maintenance division, the company is positioned for growth with fresh leadership and strategic asset management.

SRJ Technologies has completed the first phase of its growth strategy and is now advancing into market penetration with a significant $23.8 million joint venture in the Middle East and a key board appointment.

Clever Culture Systems has expanded its APAS Independence installed base to 27 instruments globally and surpassed $1 million in annual recurring revenue, underpinned by strong sales momentum and customer validation.

Monadelphous Group Limited has landed a significant five-year maintenance contract with Rio Tinto, reinforcing its long-standing presence in the Pilbara iron ore operations.

SKS Technologies has completed the acquisition of Delta Elcom, a Sydney-based data centre infrastructure specialist, in a $12.5 million deal combining cash and shares. This move aims to strengthen SKS’s foothold in the NSW data centre market and expand its electrical and communications services.

Monadelphous Group Limited has secured approximately $110 million in new contracts spanning resources, energy, and renewable sectors, reinforcing its foothold across Australia and Papua New Guinea.

Monadelphous Group Limited has secured a $175 million contract with BHP to deliver critical construction works on a car dumper at Finucane Island, reinforcing its strong partnership with the mining giant.

Civmec Limited has landed a series of new contracts and extensions worth more than A$400 million, including a significant package with BHP for Port Hedland’s Port Debottlenecking Project 2 and key works supporting Fortescue’s decarbonisation efforts.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.