This ASX 200 company’s shares have hit a new record high on more contract success

Shares in Monadelphous Group Ltd (ASX: MND) are trading sharply higher at new record levels after the company announced $110 million worth of new contracts.

The wins follow a $175 million contract win with BHP Group Ltd (ASX: BHP) announced earlier in the week, which in turn followed a $250 million contract win with Rio Tinto Ltd (ASX: RIO) in December.

Diversified contracts won

The company said on Thursday that the new contracts were “in the resources and energy, and renewable energy sectors”.

Monadelphous said in its statement to the ASX:

The company has secured a four-year contract with BW Offshore Australia Management to provide multidisciplinary maintenance services at the BW Opal Floating Production Storage and Offloading (FPSO) facility located approximately 300 kilometres north-northwest of Darwin, Northern Territory. Work is expected to commence on the facility in the first quarter of 2026.

The company was also awarded a contract with Rio Tinto for modification works at the Hope Downs 2 iron ore project in the Pilbara region of Western Australia, with that work expected to be completed in the second half of 2026.

The company went on to say:

In Papua New Guinea, the company has secured a contract with Santos for the demolition and disposal of the Hegigio Pipeline Bridge, a 500-metre-long suspended wire bridge, located in the Southern Highlands region. Work is expected to be completed in the second half of 2026. Finally, Zenviron, the company’s renewable energy joint venture, has secured a contract with Flow Power for the delivery of the 100/223 MWh Bennetts Creek Battery Energy Storage System in the Latrobe Valley, Victoria. The work, which includes balance-of-plant design, construction, installation and commissioning, is expected to be completed in late 2027.

Strong momentum

At the company’s AGM in late November, chair Rob Velletri said the company had in 2025, secured about $2.3 billion in new contracts and contract extensions, which was a record, plus had added another $570 million since the end of the financial year.

Mr Bebic said at the time the company was forecasting revenue for the half-year ending December 30 of about $1.5 billion, with full-year revenue expected to be about 20% to 25% higher than the previous year.

Shares in Monadelphous Group have more than doubled over the past year, and were changing hands for $28.87 on Thursday morning, up 7.6%. The shares traded as high as $28.89, which was a new record, before settling back.

The shares have increased from lows of $13.36 over the past year. The company was valued at $2.68 billion at the close of trade on Monday.

The post This ASX 200 company’s shares have hit a new record high on more contract success appeared first on The Motley Fool Australia.

More reading

• Monadelphous lands $110m in new contracts across sectors
• 5 best ASX 200 industrial shares of 2025
• Why BlueScope, DroneShield, Monadelphous, and SGH shares are racing higher today
• This ASX 200 company is celebrating its second major contract win in as many months
• Monadelphous awarded $175 million BHP contract: Key details for investors

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.