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Team Veye   January 16, 2026

ASX 200 stock Monadelphous continues to rock

Team Veye   January 16, 2026
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With large miners continuing to prioritise asset reliability and maintenance spending, Monadelphous’ recent contract wins reinforce strong demand for its services and improve long term earnings visibility supporting a constructive outlook for the stock.

Monadelphous Group Limited (ASX: MND

continues to strengthen its position as one of Australia’s leading engineering and maintenance services providers supported by a strong pipeline of recent contract wins and longstanding relationships with tier one resource companies. 

With a market capitalisation of around $3.00 billion, the company remains well positioned to benefit from sustained capital and maintenance spending across the resources, energy and infrastructure sectors.

The company entered January 2026 with a series of high-quality contract announcements that significantly enhance earnings visibility. On 14 January 2026, the company was awarded a major long-term maintenance services contract with Rio Tinto valued at approximately $300 million over five years covering fixed plant and shutdown services across Rio Tinto’s Pilbara iron ore operations. 
The company continues to deliver solid profitability with operating margins above 5%, net margins close to 4%, and return on equity exceeding 17% reflecting disciplined project execution and efficient capital deployment.

The combination of multi-year contracts, maintenance led revenues, exposure to energy transition projects and strong blue chip customer relationships positions Monadelphous well for stable earnings and cash flow generation over the medium term.

(Source: Company Announcements)

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