Aussie Monadelphous logs worst day in 5 years as brokerages turn cautious on dim outlook

Monadelphous

25/08/2026 06:15

** Monadelphous Group  MND.AX tumbles as much as 13.9% to A$27.86, marking its steepest intraday slide since August 2021
** Mining services contractor posts a 52.1% surge in net profit after tax, while lifting its full-year dividend by 50%
** Co says FY27 will center on consolidating the business and laying the groundwork for the next stage of growth
** Jefferies argues management’s “year of consolidation” outlook sits uneasily with a stock trading at about 26 times FY27 price-to-earnings ratio
** Adds, the outlook is unlikely to excite investors despite favourable long-term commodity and energy demand trends
** Brokerage also points to a marked slowdown in the Construction and Maintenance segment's activity in 2H vs 1H
** Jarden says management’s emphasis on consolidation is tempering expectations despite consensus forecasting roughly 3% operating earnings growth in FY27
** Stock last down 11.8%, trimming YTD gains to 7.7% 

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))