Fulton Hogan rebounds with higher profit and balanced growth across Australia and New Zealand

Fulton Hogan announced an after-tax profit of $430 million for the financial year ending June 2026, an increase from $365 million the previous year, alongside rising revenues. Chairman Dean Hamilton noted that the Australian operations reached a new scale, with all three business streams posting year-on-year growth, resulting in profit being evenly divided between Australia and New Zealand. The firm, employing over 10,000 staff across the two countries, attributed the turnaround to CEO Graeme Johnston’s leadership.

While the detailed annual report will be released after the AGM on October 29, the company highlighted key New Zealand infrastructure projects such as the SH1 Papakura-to-Drury upgrade, runway resurfacing at Dunedin and Invercargill airports, and continued expansion of water-sector work from Auckland to Dunedin. Dividend details were not disclosed, though past payouts were $180 million in 2025 and $200 million in 2024.