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Macmahon Holdings Limited
(Sydney:MAH)
Macmahon Holdings Limited (MAH) vs. iShares MSCI Australia ETF (EWA)
Macmahon Holdings Limited Business Overview & Revenue Model
Macmahon Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43B | 2.43B | 2.03B | 1.91B | 1.70B | 1.35B |
| Gross Profit | 1.14B | 1.80B | 1.55B | 1.31B | 1.18B | 864.25M |
| EBITDA | 372.85M | 359.34M | 306.18M | 292.21M | 251.56M | 243.33M |
| Net Income | 73.94M | 73.94M | 53.23M | 57.67M | 27.40M | 77.23M |
Balance Sheet | ||||||
| Total Assets | 1.76B | 1.76B | 1.45B | 1.46B | 1.34B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 263.89M | 263.89M | 194.58M | 218.16M | 197.96M | 182.08M |
| Total Debt | 426.35M | 426.35M | 341.17M | 420.11M | 413.47M | 312.43M |
| Total Liabilities | 1.07B | 1.07B | 817.84M | 855.87M | 778.78M | 607.62M |
| Stockholders Equity | 692.34M | 692.34M | 633.51M | 608.85M | 559.50M | 535.86M |
Cash Flow | ||||||
| Free Cash Flow | 155.47M | 155.47M | 120.78M | 73.60M | 65.00M | 32.40M |
| Operating Cash Flow | 334.00M | 334.00M | 270.82M | 266.85M | 227.91M | 238.99M |
| Investing Cash Flow | -228.99M | -228.99M | -142.41M | -193.14M | -170.52M | -201.83M |
| Financing Cash Flow | -37.16M | -37.16M | -151.07M | -55.20M | -45.47M | 5.91M |
Macmahon Holdings Limited Technical Analysis
Macmahon Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $997.57M | 13.69 | 10.88% | 3.16% | 19.50% | 37.55% | |
| ― | AU$505.14M | 11.13 | 15.33% | ― | 6.70% | ― | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | AU$191.08M | -9.43 | -3.24% | 1.60% | 14.64% | -213.25% | |
| ― | AU$446.09M | 3.30 | 145.87% | ― | 45.56% | ― | |
| ― | AU$469.03M | -10.95 | -90.12% | ― | ― | -98.20% | |
| ― | AU$413.17M | -15.14 | -45.39% | ― | ― | -91.89% |
Macmahon Holdings Limited Corporate Events
Macmahon Holdings Limited has appointed Ms. Suzan Pervan as an Independent Non-Executive Director to its Board, effective November 1, 2025. Ms. Pervan, with over 25 years of experience in accounting and finance, is expected to enhance the Board’s capabilities, particularly in the Audit and Risk Committee, supporting Macmahon’s strategic growth ambitions.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited’s subsidiary, Decmil, has secured an $86 million civil contract with Major Road Projects Victoria for the Yan Yean Road project. This project involves significant road infrastructure upgrades and marks the fifth project awarded to Decmil under MRPV’s collaborative procurement approach. The contract is expected to enhance Macmahon’s order book for FY26 and FY27, reinforcing its strong market position in civil infrastructure projects.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited announced a change in the director’s interest, with Michael John Finnegan acquiring 3,791,667 performance rights under the Senior Manager Long Term Incentive Plan for FY26. This change reflects the company’s ongoing commitment to aligning management incentives with long-term company performance, potentially impacting stakeholder confidence and reinforcing its strategic positioning in the mining services industry.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced details for its 2025 Annual General Meeting (AGM), scheduled for October 24, 2025. The meeting will be conducted in a hybrid format, allowing shareholders to participate either in person or online. Shareholders are encouraged to attend and vote, with all relevant documents and instructions available on the company’s website. This approach reflects Macmahon’s commitment to engaging with its shareholders and ensuring their active participation in company decisions.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited announced the cessation of 271,800 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic focus.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited announced a change in the interest of its director, Maree Naomi Arnason, who disposed of 271,800 share rights due to her resignation. This change was part of the Non-Executive Director Salary Sacrifice Plan, with a consideration of $78,214 repaid to Ms. Arnason. The lapse of these securities reflects a shift in the company’s board composition, potentially impacting its governance and strategic direction.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited announced a change in the director’s interest, with Michael John Finnegan acquiring 4,820,339 fully paid ordinary shares as performance rights vested under the Senior Manager Long Term Incentive Plan. This change reflects the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting the company’s operational focus and stakeholder confidence.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has been awarded a AUD$33 million contract by PT Tambang Tondano Nusajaya to provide underground services at the Toka Tindung Gold Mine in Indonesia. This contract, set to begin immediately for a 32-month period, aligns with Macmahon’s strategic focus on expanding its presence in Indonesia through long-term partnerships. The project will utilize existing mining equipment and will not affect the company’s FY26 capital expenditure budget, reflecting its efficient resource management and commitment to growth in the region.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced its 2025 Annual General Meeting (AGM) will be held on October 24, 2025, in Perth, Western Australia. The company has set September 3, 2025, as the deadline for director nomination submissions. This announcement is part of Macmahon’s ongoing commitment to maintaining transparent governance practices and engaging with its stakeholders effectively.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has secured a $55 million contract for underground mining services at the Majestic Mining Centre, part of the Kal East Gold Operation in Western Australia. This contract aligns with Macmahon’s strategic focus on expanding its underground business and highlights its commitment to building strong client relationships, supporting Black Cat Syndicate’s growth plans in the region.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced a change in the director’s interest, specifically concerning Dharmendra Chandran. As of August 20, 2025, Chandran’s holdings in the company have increased by 118,099 fully paid ordinary shares, acquired through the vesting of share rights under the Non-Executive Director Salary Sacrifice Plan. This change reflects the company’s ongoing commitment to aligning director interests with shareholder value and may impact the company’s governance and stakeholder engagement strategies.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced a change in the interests of its director, David Gibbs, in the company’s securities. As of August 20, 2025, Gibbs has acquired 105,918 Fully Paid Ordinary Shares through the vesting of Share Rights under the Non-Executive Director Salary Sacrifice Plan. This acquisition increases the total number of shares held by the Macmahon Holdings Limited Employee Share Ownership Plans Trust to 612,257, reflecting the company’s ongoing commitment to aligning director interests with shareholder value.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced a change in the interest of its director, Hamish Tyrwhitt, in the company’s securities. On August 20, 2025, Tyrwhitt acquired 105,918 fully paid ordinary shares upon the vesting of share rights under the Non-Executive Director Salary Sacrifice Plan, increasing his total holdings to 1,199,605 shares. These shares are held by the Macmahon Holdings Limited Employee Share Ownership Plans Trust and are subject to trading restrictions. This acquisition reflects the company’s ongoing commitment to aligning director interests with shareholder value.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited announced the issuance of 329,935 ordinary fully paid securities as of August 20, 2025. This move involves the conversion or payment up of unquoted securities, which may impact the company’s equity structure and could have implications for its stakeholders and market positioning.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited is a diversified contractor providing surface and underground mining, civil construction, and infrastructure services, primarily operating in Australia and Southeast Asia. The company reported strong financial performance for the fiscal year ending June 2025, with a 19.5% increase in revenue to $2.4 billion and a 22.2% rise in underlying EBIT(A) to $171.4 million. Key achievements include the successful integration of Decmil, which bolstered its civil infrastructure capabilities, and significant contract wins in both surface and underground mining sectors. Macmahon’s strategic focus on diversification and capital efficiency has led to a robust order book of $5.4 billion and a tender pipeline valued at $24.2 billion, positioning the company well for future growth. Looking ahead, Macmahon remains optimistic about its growth prospects, supported by a strong balance sheet and continued demand in its core markets.
Macmahon Holdings Limited announced the retirement of Mr. Hamish Tyrwhitt as Director and Chair, effective after the 2025 Annual General Meeting. Mr. Gregory Evans, an Independent Non-Executive Director, will succeed him. Under Mr. Tyrwhitt’s leadership, the company experienced consistent growth, improved financial metrics, and expanded its service offerings. The board expressed confidence in Mr. Evans’ ability to continue this trajectory, citing his extensive sector experience and understanding of Macmahon’s business.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has announced a new dividend distribution for its ordinary fully paid shares, with a distribution amount of AUD 0.0095 per share. This dividend relates to a six-month period ending on June 30, 2025, and will be paid on October 10, 2025. The announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact its market positioning by potentially enhancing investor confidence.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to maintaining high governance standards. This release underscores Macmahon’s dedication to transparency and accountability, potentially strengthening stakeholder confidence and enhancing its industry reputation.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited has released its 2025 Corporate Governance Statement, highlighting its commitment to fulfilling obligations to stakeholders through robust corporate governance practices. The statement outlines the company’s governance framework, which aligns with the ASX Corporate Governance Council’s Principles and Recommendations. During the reporting period, Macmahon updated policies, implemented a Modern Slavery Statement, and prepared for future sustainability disclosures, demonstrating a focus on sustainability and governance improvement.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited reported record revenue and earnings for FY25, driven by the integration of Decmil and growth in its mining businesses. The company achieved a 20% increase in revenue to $2.4 billion and a 10% rise in underlying EBITDA to $387.4 million. The successful integration of Decmil has accelerated growth in the civil business, contributing approximately $400 million in new contracts. Macmahon’s strong financial performance has allowed it to reduce debt levels and increase dividends, positioning it well for continued growth in FY26.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited reported a significant financial performance for the year ending 30 June 2025, with revenue from continuing operations increasing by 19.5% to AUD 2,427.5 million and profit after income tax rising by 38.9% to AUD 73.9 million. The company also declared interim and final dividends, reflecting its strong financial health and commitment to returning value to shareholders.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited is set to release its full-year financial results for the period ending 30 June 2025 on 19 August 2025. The presentation will be led by the company’s Managing Director and CEO, Michael Finnegan, along with CFO Ursula Lummis, followed by a Q&A session. This announcement may impact stakeholders by providing insights into the company’s financial health and strategic direction.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
Macmahon Holdings Limited, through its subsidiary Decmil, has secured $144 million in new civil contract awards, enhancing its portfolio in the mining and civil infrastructure sectors. The contracts include a $104 million project for the Marble Bar Road Upgrade in Western Australia, a $28 million expansion project for Jerriwah Village at the Brockman 2 mine, and a $12 million contract for civil works at the Rolleston Open Cut mine. These projects are expected to strengthen Macmahon’s market position and provide a solid foundation for future operations, reinforcing its relationships with key industry players like Rio Tinto and Glencore.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.37 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.