Fulton Hogan

Strategic intent

Fulton Hogan is a vertically-integrated civil construction company that builds, maintains, and supplies materials for infrastructure projects such as roads, bridges, airports, and water facilities across Australasia and the Pacific. [1, 10, 12, 14]

Key market signals

• 2025-07: Graeme Johnson formally assumed the role of Group Chief Executive Officer, completing a leadership transition announced in late 2024. [6, 7]
• 2025-06: Appointed to the Australian Government's Defence Infrastructure Panel for major construction projects valued over $200 million, signaling a key role in national security infrastructure. [32, 36]
• 2025-12: The company's Stevenson Aggregates brand received significant quarry consents, securing long-term aggregate and sand supply to meet demand in New Zealand's upper North Island. [23, 25]
• 2024-11: Paid out $200 million in dividends for the fiscal year ending June 2024, demonstrating a strong return to shareholders despite a reported dip in annual income. [33]
• 2024-04: A NSW Government audit noted a warning letter was issued for a minor, self-reported compliance breach, but confirmed that erosion and sediment controls were subsequently deemed adequate, indicating responsive issue management. [58]

Financial health

• Generated total revenue of approximately $6.4 billion in 2025, according to an IBISWorld profile. [12]
• For the year ending June 2024, the company's income was reported at $348.6 million, a 36% decrease, while paying out $200 million in dividends. [33]
• As a large privately-owned company, detailed annual reports are not readily available in public domains. [34]

Impact & compliance

Legal & risks

No significant fines, prosecutions, or legal judgments against Fulton Hogan were identified in public records within the last 24 months. An independent audit report from July 2024 noted that Transport for NSW had issued a warning letter in April 2024 for a self-reported non-compliance concerning hea

Classifications

🔒 Proprietary analysis

Proprietary Analysis — available with full access

Want the full analysis?

Get access to strategic fit scoring, cultural fit analysis, full forensic detail, and alignment dimensions.