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Macmahon Holdings Limited ( (AU:MAH) ) has provided an update.
Macmahon’s subsidiary Decmil has secured an $81 million contract from Rio Tinto to deliver the Mobile Equipment Maintenance Workshop Expansion project at the Brockman 4 iron ore mine in Western Australia’s Pilbara region. The scope includes construction of a new workshop, office facilities, bulk lube storage and an oily water system, with works scheduled to start in early 2026 and finish by April 2027. While the company’s FY26 guidance remains unchanged, management says the award strengthens its earnings momentum for that year, advances its strategy of growing into larger civil projects, and underpins its civil work pipeline into FY27, reinforcing its strategic relationship with Rio Tinto.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
More about Macmahon Holdings Limited
Macmahon Holdings Limited is an ASX-listed contractor providing a full suite of mining and civil infrastructure services across Australia and Southeast Asia. With extensive experience in surface and underground mining as well as civil works, the company positions itself as a contractor of choice for resources, non-resources, public infrastructure and renewables projects, focusing on collaborative, low-risk partnerships with its clients.
Average Trading Volume: 3,082,239
Technical Sentiment Signal: Buy
Current Market Cap: A$1.23B
For a thorough assessment of MAH stock, go to TipRanks’ Stock Analysis page.