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Macmahon Holdings Limited ( (AU:MAH) ) has provided an update.
Macmahon Holdings Limited announced that its subsidiary, Decmil, has secured a $50 million contract for the Ison Road Extension project in Victoria, adding to its secured order book. This project, commencing in 2025 and completing in 2026, will create a new freeway link between Melbourne and Geelong, enhancing the company’s strong relationship with the State of Victoria and Major Road Projects Victoria. This development underscores Macmahon’s continued growth and robust positioning in the civil infrastructure sector, although the company’s FY25 guidance remains unchanged.
More about Macmahon Holdings Limited
Macmahon Holdings Limited, listed on the ASX, provides comprehensive mining and civil infrastructure services across Australia and Southeast Asia. Known for its expertise in surface and underground mining as well as civil infrastructure, the company is a preferred contractor in diverse sectors including resources, public infrastructure, and renewables. Macmahon is committed to fostering strong client relationships focused on transparency and mutual benefits.
YTD Price Performance: -1.82%
Average Trading Volume: 2,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $465M
Learn more about MAH stock on TipRanks’ Stock Analysis page.
