BMD’s strategic growth and diversification delivers record-breaking FY24 performance

BMD

BMD Group, companies,

The BMD Group is reporting on their financial year performance with the release of the 2023/2024 Annual Review.

It has been another record-breaking year for BMD Group with a revenue of more than $2.3 billion in its 45th year of operations.

Key highlights include:

  • over 240 projects awarded across Australia, the Philippines, and the UK
  • a 15% growth in employees to 2,300
  • 21% female representation in BMD’s workforce
  • investment of over $1.5 million in community partnerships and continued to support various organisations
  • spent more than $29.7 million with over 60 Aboriginal and Torres Strait Islander businesses.

BMD Chief Executive Officer Scott Power explained in FY24, the Group continued to strengthen their operational management in critical areas such as water and wastewater, energy and defence, to sustain the momentum of diversification strategy and support the long-term viability of the business.

BMD awarded $87 million contract for the first phase of the Northshore Brisbane – Street Renewal Program

BMD celebrates 45 years of construction excellence with an increased focus on sustainability

“BMD will be closely watching the growth in new and emerging sectors, as well as the evolving market demands, which present exciting opportunities for further diversification,” Mr Power said.

“Achieving 45 years of operation is a fantastic milestone, and our entire business is extremely proud of our journey to become Australia’s leading privately owned engineering, construction and urban development company.

“At BMD, our business is our people, and we genuinely believe it is the dedication of our people which allows us to overcome the challenges we continue to face in this operating environment. Our success is demonstrative of the tenacity and determination that our teams across Australia, the Philippines and the UK continue to display, and I am excited by what is to come in the years ahead,” Mr Power said.

Click here to read Annual Review.

Source: BMD

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