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The latest update is out from Macmahon Holdings Limited ( (AU:MAH) ).
Macmahon’s wholly owned subsidiary Decmil has secured a $120 million Western Hill bulk earthworks contract from Rio Tinto for the West Angelas Sustaining Project in Western Australia’s Pilbara region, covering construction of heavy haulage and light vehicle access roads and drainage, with work scheduled to run from January 2026 to 2027. The award, made under a new earthworks framework agreement with Rio Tinto, lifts Decmil’s total recent civil contract wins with the miner to $201 million, bolsters earnings momentum into the second half of FY26 and FY27, strengthens Macmahon’s strategic relationship with a key tier-one client, and supports the company’s push into larger-scale civil infrastructure projects without altering its FY26 guidance.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.80 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 mining and civil infrastructure contractor providing a full suite of surface and underground mining, as well as civil infrastructure services across Australia and Southeast Asia. The company services resource and non-resource sectors, public infrastructure and renewables projects, positioning itself as a contractor of choice through long-term client relationships and risk-sharing, open contracting models.
YTD Price Performance: 7.52%
Average Trading Volume: 3,534,450
Technical Sentiment Signal: Buy
Current Market Cap: A$1.5B
For a thorough assessment of MAH stock, go to TipRanks’ Stock Analysis page.