Macmahon Holdings Ltd Ord (MCHHF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the McMahon FY26 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask the question during Q&A time, simply press star followed by the number 1 on your telephone keypad. And to withdraw your question, press the star 1 again. For operator assistance throughout the call, please press star 0. And finally, I would like to advise all participants, this call is being recorded. I'd now like to welcome Mick Finnegan, Managing Director and Chief Executive Officer to begin the conference. Mick? Hi everyone. Welcome to the McMahon results presentation for financial year 2026 and thank you for joining us today during the busy ASX reporting period. We always appreciate your time and interest in McMahon and the opportunity to run through the results presentations. After the presentation, Ursula and I will be happy to take your questions. Starting with the financial highlights on slide 2, McMahon has had another strong year with the business delivering record revenue and underlying earnings growth. We continue to improve the return on average capital employed towards the 25% target only recently set. The increase to 22% was due to our clear focus on improving productivity and discipline across the business and strategic new awards building scale in the target areas which has increased the delivery of free cash flow. As you know, managing capital intensity in the business has been an ongoing focus for us and the improved returns have allowed us to again increase our dividend payout to shareholders. Global geopolitical instability and its impact on commodity prices, trade and the cost of doing business conti...