Macmahon's subsidiary, Decmil, awarded $61m contract

Macmahon Holdings Limited (ASX:MAH) has announced that its subsidiary, Decmil, secured the $61 million Marble Bar Road Upgrade Project in Western Australia. The project involves approximately 23km of road construction upgrade works to Main Roads Western Australia standards on Marble Bar Road, with works expected to commence in October 2024. This contract award adds $61 million to Macmahon's secured order book, and the company's FY25 revenue guidance remains unchanged at $2.4 billion to $2.5 billion.

CEO and Managing Director's perspective on the contract award

I am pleased to see Decmil continue their great start of securing new, strategically aligned work. We look forward to delivering the Marble Bar Road upgrade project and continuing to build our relationship with HanRoy.

Outlook and Company's focus

Macmahon's subsidiary, Decmil, has been awarded the $61 million Marble Bar Road Upgrade Project in Western Australia, adding to the company's secured order book. The contract is expected to contribute to Macmahon's FY25 revenue guidance, which remains unchanged at $2.4 billion to $2.5 billion. CEO and Managing Director, Michael Finnegan, expressed his pleasure in Decmil's achievement and emphasized the company's commitment to delivering the project and strengthening its relationship with HanRoy. Macmahon's focus on developing strong, respectful relationships with its clients and its extensive experience in mining and civil infrastructure position the company as a preferred contractor for various projects across different sectors and locations.