07/05/2026 09:13

Monadelphous Group Ltd (ASX:MND) $30.12

Monadelphous’ almost 10% pullback from its February high was more about extreme enthusiasm following its strong 1H result Here and the outbreak of the Iran war, as opposed to any issues with the company operationally. Their order book remains very strong, with revenue forecast to hit $3bn in FY27, up from $1.9bn in FY22, a similar story to NRW. They already delivered a record 1H FY26 result, with revenue up ~46% to $1.53bn and profit rising ~53% to $64.9m, importantly supported by ~$1.4bn in new contract awards during the half.

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24/02/2026 17:15

Monadelphous (MND) $32.43

MND +5.91%: rallied after delivering a strong 1H result and upgrading full-year revenue guidance, with momentum building across both services and engineering construction. 

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11/11/2025 09:43

Monadelphous Group (MND) $25.00

MND is an engineering company that’s best known for building and maintaining processing plants for major miners like BHP, Rio Tinto, and Fortescue, and for long-term shutdown and maintenance work that provides recurring revenue. On Monday, MND soared over +10% hitting levels not seen since 2013, after they flagged 1H revenue of ~$1.5bn, with FY revenue expected to be up +20-25% YoY.

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20/08/2024 17:46

Monadelphous (MND) $13.19

While no specific guidance was issued, they spoke very favourably about the trends in their business and the strong demand for maintenance services and higher levels of activity in the engineering construction sector. This positive commentary met a market that had sold MND off pretty aggressively in recent months.

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20/02/2024 16:46

Monadelphous (MND) $13.80

MND -1.08%: the mining contractor posted a reasonable 1H result today, though shares were weaker on some softer outlook comments. Revenue was up 6% to $1b and earnings (EBITDA) grew 6% to $61m, both in line with expectations.

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21/02/2023 16:58

Monadelphous (MND) $12.73

MND -8.81%: a strong 1H but weak guidance weighed on shares in the contractor today. Monadelphous saw Revenue fall 10% in the half, though this was at the top end of guidance of a 10-15% fall, while EBITDA of $58.2m was a 6% beat to consensus on improved margins.

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27/01/2023 09:21

2 Monadelphous Group Ltd (MND) $13.91

This mining services stock has looked great over recent sessions with optimism around China’s reopening appearing to increase sentiment towards the company. Considering its link to the Australian Miners we like MND i.e. as their Capex increases after years of relatively low investment MND should become a major beneficiary.

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23/08/2022 17:33

Monadelphous (MND) $12.11

MND +5.86%: FY22 was better than expected across most key metrics, EBITDA of $111m compared to $104m forecast while NPAT of $52.28m was around an 8% beat to consensus and up 11% YoY. They said the outlook for core markets continues to be strong, with the mining services company flagging a strong capex outlook in iron ore, battery metals...

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17/01/2022 09:03

3 – MM’s top 3 stock picks for 2021

RIO Tinto (RIO) $124.01: we were looking for 20% upside but the iron ore crash limited the gains to 10% before the tide turned.

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26/11/2021 09:21

Monadelphous (MND) $9.24

Following on from NRW Holdings (NWH) strong 8.4% rally yesterday after its positive AGM we thought it was worth a quick look at one of its peers to see if we liked its prospects. The likes of Monadelphous (MND) & CIMIC Group (CIM) are not as cheap as NWH making the risk / reward less appealing for a recovery play hence MM will stick with our...

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