Monadelphous Group Ltd

Fund managers have been broadly positive on Monadelphous, pointing to its exposure to a booming mining and resources sector. Clime Investment Management noted in November 2025 (share price $26.38) that a strong AGM trading update, with revenue guided to grow 20-25% in 1H FY26, drove a 15% share price rise. Plato Investment Management and Plato Asset Management (March 2026, $31.68) called mining services under-appreciated and highlighted Monadelphous's 30-40% profit growth and nearly 50% dividend increase as evidence of strong execution, while still seeing good value. Yarra Capital Management (January 2026, $30.79) cited continued new contract wins and extensions supporting both structural/cyclical growth in engineering and construction and defensive growth in maintenance services, a view echoed by Centennial Asset Management (January and May 2026), which highlighted exposure to iron ore services clients and said the cycle may not yet be at its peak. Clime, even while trimming in March 2026 ($27.26), called the operating environment supportive with a strong order backlog and an improving mix toward higher-margin work. Pendal Group (August 2026) noted a new $165 million Rio Tinto contract for the Brockman Syncline 1 project as a specific tangible win.