Macmahon Holdings Limited ( (MCHHF) ) has released its Q2 earnings. Here is a breakdown of the information Macmahon Holdings Limited presented to its investors.
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Macmahon Holdings Limited is an ASX-listed diversified contractor with expertise in surface and underground mining, mining support, and civil infrastructure, servicing major resource projects in Australia and Southeast Asia. For the half-year ended December 31, 2024, Macmahon reported a notable increase in revenue, driven by the inclusion of Decmil Group and new project commencements. Revenue rose by 22% to AUD 1.18 billion compared to the previous year, while underlying EBITDA increased by 3% to AUD 181.3 million. However, reported net profit after tax decreased by 17.8% due to acquisition costs associated with Decmil. The company saw its net assets grow to AUD 668.8 million, reflecting increased activity across the group and new contracts. Despite an increase in borrowings due to the Decmil acquisition, operating cash flows improved significantly, indicating strong operational performance. The management remains focused on integrating Decmil and leveraging new opportunities in mining and civil infrastructure services. Looking ahead, Macmahon Holdings aims to maintain its strategic focus on diversifying its business and expanding its presence in both Australian and Southeast Asian markets.
