Slides
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2026 Full Year Results 25 August 2026
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Monadelphous Profile *At 30 June 2026. Monadelphous 2026 Full Year Results 2
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2026 Group Performance and Highlights • Record revenue of $2.98 billion1, up 31 per cent • Strong operating conditions across all sectors • Construction revenue up 48 per cent, reflecting success of service expansion and integrated services delivery strategy • Maintenance revenue up 20 per cent, reflecting high levels of activity in energy and iron ore • Strong earnings due to operational performance and economies of scale • Significant lift in EBITDA margin to 7.58 per cent • NPAT of $127.3 million, up 52 per cent • Cash balance of $294 million2, cash flow from operations of $245 million and cash flow conversion rate of 147 per cent • Broadened capability through acquisition of Kerman Contracting, Australian Power Industry Partners and High Energy Service 32026 Full Year Results $127.3 127.6 108.0 $293.6 $2.7 $2.98 REVENUE FROM CONTRACTS WITH CUSTOMERS 1 NET PROFIT AFTER TAX BILLIONMILLIONCENTS CENTSMILLIONBILLION 31.5% 52.1% 50.1% 50.0% Energy 37% Iron ore 32% Other minerals 13% Renewable energy 7% Energy transition metals 6% Infrastructure 5% Engineering Construction Maintenance & Industrial Services1,346.4 1,615.0 925.3 1,374.0 FY25 FY26 Revenue by end customer Revenue by division ($m) EARNINGS PER SHARE FULL YEAR DIVIDEND CASH 2 CONTRACTS SECURED 3 1 Includes Monadelphous’ share of joint venture revenue – refer to slide 19 for reconciliation. 2 At 30 June 2026. 3 Contracts awarded from 1 July 2025 to the date of this report. 42.7% Monadelphous 2026 Full Year Results 3
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Contracts Secured 42026 Full Year Results NEW CONTRACTS AND EXTENSIONS $2.7 BILLION Refer to Appendices for contract details. Monadelphous 2026 Full Year Results 4
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Sustainability • Record total workforce of 9,365 • Ongoing focus on employee development, early career programs and leadership capability • 97 per cent key talent retention • Registered training organisation continued to deliver a significant number of workforce development activities People 0 2,000 4,000 6,000 8,000 10,000 HY24 FY24 HY25 FY25 HY26 FY26 Engineering Construction Employees Maintenance & Industrial Services Employees Corporate Employees Monadelphous employees at Fortescue's Rolling Stock Maintenance workshop in Port Hedland, Western Australia. Monadelphous 2026 Full Year Results 5 Subcontractors
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Sustainability • Solid improvement in safety performance, TRIFR reduced by 19 per cent • High potential incident frequency rate at historically low level • Engaged workforce to increase awareness of fatal risks • Comprehensive review of high-risk work competency assessments • Technology solutions implemented to address safety hazards • Industry recognition for commitment to safety and wellbeing Safety and Wellbeing 0 2 4 6 HY24 FY24 HY25 FY25 HY26 FY26 TRIFR HPIFR LTIFR 0.49 3.57 0.22 Monadelphous employee at the Woodside-operated Karratha Gas Plant in north-west Western Australia. Monadelphous 2026 Full Year Results 6
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Sustainability • Launched new Stretch Reconciliation Action Plan (RAP) • Delivered meaningful employment and development opportunities for Indigenous Australians • Extended Indigenous Pathways Program in partnership with Rio Tinto • Significant increase in spend with Indigenous businesses • Growing Community Grants Program • Expansion of fleet to support emissions reduction • Prepared first Sustainability Report under mandatory climate disclosures Diversity and Inclusion, Community and Environment $40 INDIGENOUS BUSINESS SPEND MILLION42% 3.2% ABORIGINAL AND TORRES STRAIT ISLANDER WORKFORCE PARTICIPATION 7% above target Monadelphous launches its Stretch Reconciliation Action Plan 2026-2029 in Perth, Western Australia. Monadelphous 2026 Full Year Results 7
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2026 Divisional Highlights • Strong demand across iron ore and energy sectors • Greater revenue from integrated services on construction projects • Awarded more than $1.6 billion of new construction contracts • Successfully completed BHP’s Car Dumper 3 Renewal Project and Orebody 32, and delivered Rio Tinto’s Western Range and Parker Point Sustaining projects • Secured major contracts at BHP’s Jimblebar Train Loadout Replacement Project, Rio Tinto’s Brockman Syncline 1 Project and CS Energy’s Brigalow Peaking Power Plant • Continued to support Fortescue’s energy transition securing several BESS and wind projects • Secured new 5-year mobile crane and lifting services contract with Rio Tinto • High levels of activity in energy and renewable energy sectors • Acquired design and construction business, Kerman Contracting, and specialist high-voltage solutions provider, Australian Power Industry Partners (APIP) Engineering Construction 925.3 1,374.0 FY25 FY26 Revenue by end customer Revenue ($m) Iron ore 42% Energy 23% Renewable energy 14% Energy transition metals 9% Other minerals 8% Infrastructure 4% 48% Monadelphous employees at Fortescue's North Star Junction Battery Energy Storage System (BESS) Project in the Pilbara region of Western Australia. Monadelphous 2026 Full Year Results 8
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• Strong demand for maintenance services, particularly in energy and iron ore • Secured approximately $1.1 billion of new contracts and extensions • Delivered maintenance, turnaround and project works for energy customers INPEX, Woodside and Shell • Awarded hook-up and commissioning services for Shell’s Crux platform • Secured 3-year multidisciplinary services contract at Santos’ upstream field development and production operations • Expanded customer base securing 4-year maintenance services contract with BW Offshore Australia • Large volume of work delivered for iron ore customers Rio Tinto, BHP and Fortescue • Secured two major multi-year contracts with Rio Tinto for fixed plant shutdown services and multidisciplinary sustaining capital works • Awarded 3-year contract for maintenance services across Fortescue’s Pilbara operations, 3-year extension to BHP maintenance master services agreement and reappointment to BHP WAIO Site Engineering panel for further 2 years • Solid activity levels in PNG with new work awarded with Santos and Harmony Gold • Acquired high-voltage electrical services business, High Energy Service 2026 Divisional Highlights Maintenance & Industrial Services Revenue by end customer Revenue ($m) 1,346.4 1,615.0 FY25 FY26 Energy 49% Iron ore 23% Other minerals 18% Infrastructure 6% Energy transition metals 4% 20% Woodside-operated Scarborough Floating Production Unit, 375km off the coast of Karratha, Western Australia. Monadelphous 2026 Full Year Results 9
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Financial Snapshot YEAR ENDED 30 JUNE FY26 FY25 CHANGE Revenue from contracts with customers1 $M 2,980.1 2,265.9 31.5% Engineering Construction1 $M 1,374.0 925.3 48.5% Maintenance & Industrial Services $M 1,615.0 1,346.4 20.0% Internal Eliminations $M (8.9) (5.8) EBITDA2 $M 226.0 158.2 42.9% EBITDA margin % 7.58 6.98 0.6bps NPAT Attributable to Equity Holders of the Parent $M 127.3 83.7 52.1% EPS Cents 127.6 85.0 50.1% DPS (fully franked) Cents 108.0 72.0 50.0% Cash $M 293.6 205.8 42.7% 1 Includes Monadelphous’ share of joint venture revenue – refer to reconciliation on slide 19. 2 Refer to slide 19 for reconciliation of EBITDA. Monadelphous 2026 Full Year Results 10
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Industry Outlook - Australia 0 5 10 15 20 25 30 35 40 45 2026f 2027f 2028f 2029f 2030f Electricity Infrastructure Capex A$b Source: Oxford Economics, ABS (August 2026) Source: Oxford Economics, ABS (May 2026) 0 2 4 6 8 10 12 14 16 18 20 2026f 2027f 2028f 2029f 2030f Energy (O&G) Capex A$b 0 2 4 6 8 10 12 14 16 2026f 2027f 2028f 2029f 2030f Total Maintenance A$b Iron ore Energy transition metals Other minerals Energy (O&G) 0 5 10 15 20 25 30 35 40 2026f 2027f 2028f 2029f 2030f Resources Capex A$b Energy transition metals Iron ore Other minerals Source: Oxford Economics, ABS (May 2026) Source: Oxford Economics (November 2025) Monadelphous 2026 Full Year Results 11
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Monadelphous 2026 Full Year Results 12 Australia’s Energy Transition Monadelphous is well positioned for opportunities driven by the energy transition
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Outlook • Strong long-term outlook across resources and energy sectors • Iron ore sector to continue investing in new projects and existing operations to maintain production • Strengthening demand for energy transition metals • Energy sector supported by multiple gas construction projects and high demand for maintenance services • Rising energy demand, decarbonisation commitments and grid stability needs driving long-term investment in generation, storage and transmission infrastructure • Growing investment in gas generation to support energy transition • FY27 is a year to consolidate and position for future growth • Leverage enhanced delivery capability and pursue strategic opportunities that support long-term sustainable growth A Monadelphous employee at BHP's Prominent Hill Expansion Project in Mount Eba, South Australia. Monadelphous 2026 Full Year Results 13
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Name of document 14 Appendices
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Contracts Secured - Detail Engineering Construction Market Sector 1 BHP 1 – Construction of new Car Dumper 6 and supporting materials handling facilities associated with Port Debottlenecking Project 2 Iron Ore 2 BHP – Multidisciplinary construction services associated with Jimblebar Train Load Out Replacement Project Iron Ore 3 BHP – Multidisciplinary works associated with a car dumper project Iron Ore 4 CS Energy – Balance-of-plant construction and installation, and minor engineering and design packages for Brigalow Peaking Power Plant Energy 5 Flow Power – Balance-of-plant design, construction, installation and commissioning of Bennetts Creek Battery Energy Storage Syst em Renewable Energy 6 Fortescue – Construction of battery energy storage system at Cloudbreak mine site Renewable Energy 7 Fortescue – Construction of North Star Junction Battery Energy Storage System Renewable Energy 8 Fortescue 1 – Installation of wind turbine generators associated with Nullagine Wind Project Renewable Energy 9 McConnell Dowell Constructors and B.M.D. Constructions Joint Venture – Electrical and instrumentation works for Fitzroy to Gladstone Pipeline Infrastructure 10 Origin Energy – Supply of wellsite equipment for Australia Pacific LNG Energy 11 Pilbara Ports 1 – Utah Ring Road Reconstruction Project Infrastructure 12 Rio Tinto 1 – Design and construction of non-process infrastructure facilities associated with Brockman Syncline 1 project Iron Ore 13 Rio Tinto – Electrical and instrumentation construction services at Parker Point Stockyard Sustaining Project Iron Ore 14 Rio Tinto – Mobile crane and lifting services Iron Ore 15 Rio Tinto – Multidisciplinary construction services associated with Brockman Syncline 1 iron ore development Iron Ore 1 Announced subsequent to 30 June 2026. Monadelphous 2026 Full Year Results 15
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Contracts Secured - Detail Maintenance and Industrial Services Market Sector 1 BHP – Construction and installation of acid plant cooling towers at Olympic Dam mine Copper, Gold, Uranium 2 BHP – Maintenance services across BHP’s Pilbara iron ore operations Iron Ore 3 BHP – Mechanical and electrical maintenance, shutdown and project services at Olympic Dam operations Copper, Gold, Uranium 4 BHP – Multidisciplinary services at BHP’s Pilbara iron ore mines, ports and rail facilities Iron Ore 5 BHP – Works at Berths C and D at BHP’s Finucane Island port facilities Iron Ore 6 BW Offshore Australia Management – Multidisciplinary maintenance services at BW Opal Floating Production and Offloading facility Energy 7 Fortescue 1 – Maintenance services across Fortescue’s Pilbara operations Iron Ore 8 Glencore 1 – Services at Murrin Murrin Operations Nickel, Cobalt 9 Harmony Gold – Construction of cyclone dewatering plant and pipeline at Hidden Valley Gold Mine Gold 10 Newmont – General mechanical and electrical maintenance services at Boddington and Tanami gold operations Gold 11 Port Waratah Coal Services – Structural and mechanical services at Port of Newcastle Coal 12 Queensland Alumina Limited – Mechanical maintenance and shutdown services Alumina 13 Rio Tinto – Fabrication, supply, installation and commissioning of new dust collector and ventilation system for coarse ore stoc kpile tunnels at Paraburdoo mine Iron Ore 14 Rio Tinto – Fixed plant and shutdown services across Rio Tinto’s Pilbara iron ore operations Iron Ore 15 Rio Tinto – Marine infrastructure maintenance and minor projects at Cape Lambert and Dampier ports Iron Ore 16 Rio Tinto – Modifications to existing process plant associated with Hope Downs 2 project Iron Ore 17 Rio Tinto – Multidisciplinary sustaining capital works across Rio Tinto’s Pilbara iron ore mine operations Iron Ore 18 Rio Tinto – Replacement of section of roadway at Cape Lambert Wharf Iron Ore 19 Santos 1 – Construction of temporary camp facilities associated with APF Tie-In Project Energy 20 Santos 1 – Construction of well pad, gathering systems and brownfield facility upgrades associated with APF Tie -In Project Energy 21 Santos – Demolition and disposal of Hegigio Pipeline Bridge Energy 22 Santos 1 – Multidisciplinary services at Santos’ Queensland upstream field development and production operations Energy 23 Synergy 1 – Operation and maintenance services at Muja Power Station Power 24 Technip Energies – Multidisciplinary services associated with hook-up and commissioning of Shell's Crux platform Energy 1 Announced subsequent to 30 June 2026. Monadelphous 2026 Full Year Results 16
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Engineering Construction Market Sector Location BHP – Car Dumper Renewal Program – Civil and SMPE&I works Iron Ore Port Hedland, WA BHP – Jimblebar Train Load Out Replacement Project – Earthworks, civil, SMPE&I, fabrication and procurement Iron Ore Newman, WA BHP – Prominent Hill Expansion Project – Surface materials handling system and winder building SMPE&I works Copper Mount Eba, SA BHP – WAIO Asset Projects Framework Agreement – Various SMPE&I integrated packages Iron Ore Pilbara, WA Chevron Australia – Jansz-Io Project – Installation and modification of electrical power and control facilities Energy Barrow Island, WA CS Energy – Lotus Creek Wind Farm – Balance-of-plant civil and electrical works Renewable Energy Central Queensland EnergyAustralia – Wooreen Battery Energy Storage System Project – Balance-of-plant works Renewable Energy Jeeralang, VIC Fortescue – Construction of North Star Junction Battery Energy Storage System Renewable Energy Pilbara, WA Fortescue – Crane services Iron Ore Pilbara, WA Iluka – Eneabba Rare Earths Refinery Project – Supply and fabrication of structural steelwork and pipe racks Rare Earths Eneabba, WA McConnell Dowell Constructors and B.M.D. Constructions Joint Venture (MBJV) – Fitzroy to Gladstone Pipeline – Electrical and instrumentation works Infrastructure Gladstone, QLD Mid West Ports – Geraldton Port Maximisation Project – Multidisciplinary construction works Infrastructure Geraldton, WA Origin Energy – Supply, fabrication and assembly of wellsite equipment for Australia Pacific LNG Energy Chinchilla, QLD Rio Tinto – Brockman Syncline 1 – Fabrication, civil and SMPE&I works Iron Ore Pilbara, WA Rio Tinto – Design and construction of new sampling facility at a port operation Iron Ore Karratha, WA Rio Tinto – Hope Downs 1 Project – Non-process infrastructure design and construction Iron Ore Pilbara, WA Rio Tinto – Parker Point Stockyard Sustaining Project – Electrical and instrumentation construction services Iron Ore Dampier, WA Rio Tinto – Western Range Project – Provision of shutdown and miscellaneous works Iron Ore Pilbara, WA Saipem Clough Joint Venture – Perdaman Industries' Project Ceres – Heavy haul Chemicals Karratha, WA Saipem Clough Joint Venture – Perdaman Industries' Project Ceres – Structural concrete package Chemicals Karratha, WA Talison Lithium – Chemical Grade Plant 3 Project – SMPE&I works Lithium Greenbushes, WA Woodside – Crane services Energy Karratha, WA Woodside – Pluto Train 1 Project – SMPE&I works Energy Karratha, WA Major Projects 2026 Monadelphous 2026 Full Year Results 17
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Market Sector Location Alinta – Outage, maintenance labour and scaffolding at Loy Yang B power station Power Traralgon, VIC BHP – Mt Arthur Coal – Shutdown maintenance and minor projects Coal Hunter Valley, NSW BHP – Olympic Dam – Maintenance and shutdowns Copper, Gold, Uranium Roxby Downs, SA BHP Iron Ore – General maintenance, shutdowns and sustaining capital works Iron Ore Pilbara, WA BHP Mitsubishi Alliance – Maintenance and shutdown works Coal Bowen Basin, QLD BW Offshore Australia Management – BW Opal FPSO – Multidisciplinary maintenance services Energy Timor Sea, NT Dalrymple Bay Coal Terminal – Rope access services Coal Hay Point, QLD Fortescue – Upgrade of rolling stock maintenance workshop and minor NPI and structural integrity projects Iron Ore Pilbara, WA Glencore – Ravensworth CHPP maintenance Coal Hunter Valley, NSW Gransolar Construction Australia – Solar farm civil foundations construction Infrastructure Fulham, VIC Harmony Gold – Hidden Valley Gold Mine – Construction of cyclone dewatering plant and associated pipeline Gold Morobe Province, PNG INPEX Operations Australia – Offshore and onshore maintenance and turnarounds Energy Browse Basin, WA, and Darwin, NT Jemena – Eastern Gas Pipeline Reversal Project – Compressor station upgrade works Energy VIC and NSW KCGM – General and shutdown maintenance services Gold Goldfields, WA McConnell Dowell Constructors – SMP works for relocation of pipeline Infrastructure Sunshine / Melbourne, VIC Newmont – Engineering, procurement and construction services Gold Lihir Island, PNG Newmont – Labour services Gold Boddington, WA, and Tanami, NT Pacific National – RIM (Track) Maintenance Program Rail NSW, SA, WA Petrofac – O&M and industrial services for decommissioning of Northern Endeavour FPSO Energy Timor Sea, NT Queensland Alumina Limited – Maintenance and projects Alumina Gladstone, QLD Rio Tinto – Fixed plant maintenance services, marine maintenance and sustaining capital works Iron Ore Pilbara, WA Santos – Engineering, procurement and construction services Energy Highlands region, PNG Santos – SMP installation of CO2 absorber vessel Energy Moomba, SA Shell – Provision of services Energy Browse Basin, WA, Gladstone and Chinchilla, QLD South32 – Worsley Alumina Refinery – Shutdown and mechanical services Alumina Worsley, WA Synergy – Muja Power Station and Collie Power Station – Infrastructure operation and maintenance Power Collie, WA Technip Energies – Hook-up and commissioning of Shell’s Crux platform Energy Browse Basin, WA Tronox – Kwinana Power Station – Operate and maintain cogeneration plant Power Kwinana, WA Whitehaven Coal – Provision of industrial asset maintenance services Coal Various sites, NSW and QLD Woodside – Onshore and offshore maintenance and turnarounds; hook-up and commissioning services Energy Karratha, WA, and offshore north-west WA Maintenance & Industrial Services Major Contracts 2026 Monadelphous 2026 Full Year Results 18
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Notes to Financials Non-IFRS Financial Information Monadelphous Group Limited results are reported under International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. The Company discloses certain non-IFRS measures that are not prepared in accordance with IFRS and therefore are considered non- IFRS financial measures. The non-IFRS measures should only be considered in addition to and not as a substitute for, other measures of financial performance prepared in accordance with IFRS. Reconciliation of total revenue from contracts with customers including joint ventures to statutory revenue from contracts with customers (unaudited) FY26 $M FY25 $M Total revenue from contracts with customers including joint ventures 2,980.1 2,265.9 Share of revenue from joint ventures1 (193.3) (112.7) Statutory revenue from contracts with customers 2,786.8 2,153.2 Reconciliation of profit before income tax to EBITDA (unaudited) FY26 $M FY25 $M Profit before income tax 179.9 119.1 Interest expense on loans and hire purchase finance charges 2.3 2.6 Interest expense on other lease liabilities 1.3 1.2 Interest revenue (9.3) (9.4) Depreciation of owned and hire purchase assets 36.6 34.2 Depreciation of right of use assets 8.3 8.1 Amortisation of intangibles 2.0 0.8 Share of interest, depreciation, amortisation and tax from joint ventures2 4.9 1.5 EBITDA 226.0 158.2 1 Represents Monadelphous’ proportionate share of the revenue from joint ventures accounted for using the equity method. 2 Represents Monadelphous’ proportionate share of the interest, depreciation, amortisation and tax of joint ventures accounted for using the equity method. Monadelphous 2026 Full Year Results 19
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Disclaimer & Important Notice This presentation provides summary information about Monadelphous Group Limited (Monadelphous). It is intended for general information purposes only and does not purport to be complete. The information in this presentation is current only as at the date of this presentation and should be considered together with Monadelphous’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange. Monadelphous does not undertake to update this presentation except as required by law. This presentation may provide forward-looking statements, including forecast financial information, relating to the future financial or operational performance of Monadelphous. These statements are based on assumptions that are subject to risks, uncertainties and factors which may be outside the control of Monadelphous. Whilst due care and attention has been taken in preparing the assumptions underlying any forward-looking statements in this presentation, actual results may vary. Forecasts, in particular, are inherently uncertain, and contingencies may occur which are outside the control of Monadelphous. The information in this presentation, including any forecasts and other forward-looking statements, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous (or any other company), and should not be relied upon as financial, legal or strategic advice. Monadelphous makes no representation or warranty, express or implied, regarding the completeness, accuracy, or timeliness of the information in this presentation and, to the fullest extent permitted by law, accepts no liability for any loss or damage arising from the use of, or reliance on, the information. Before making any decision in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous, investors should consider the appropriateness of that decision in light of their individual investment objectives and financial circumstances, and should seek their own independent professional advice. Monadelphous 2026 Full Year Results 20