Macmahon Holdings Limited (AU:MAH) has released an update.
Macmahon Holdings Limited has announced the sale of a significant portion of its mobile equipment fleet from the Dawson South project, expecting to generate around $44 million in net cash inflows across FY24 and FY25. The deal aligns with the company’s capital light strategy and is set to enhance its cash-backed return on capital, while the firm anticipates maintaining its revenue and profit guidance for FY24. Negotiations for a new contract at Dawson South are underway, with Macmahon planning to retain its workforce of 210 employees without additional capital expenditure.
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