Downer

What Downer does

Downer EDI Limited (ASX: DOW, NZX:DOW) is the leading integrated infrastructure services provider across Australia and New Zealand, designing, building and sustaining assets in transport, energy, utilities, facilities, defence, health, education and housing. The group operates from a trans-Tasman footprint of more than 700 sites with a workforce of 26,000+, and runs an array of specialised subsidiaries including Spotless (facilities management), Hawkins (NZ construction), Mineral Technologies (mineral processing), DMH (rotating equipment and OEM turbine services via the Mitsubishi Power alliance), Road Science, Downer PipeTech, XDNA (digital solutions) and various asphalt, paving and recycling brands.

The operating backbone is The Downer Standard (TDS), a proprietary integrated management system governing asset management, delivery, finance, HR, IT, procurement, quality, risk, safety and assurance across the group, backed by single-issued ISO 9001/14001/27001/45001 certification and sector accreditations including OFSC, ONRSR and NHVR. Service offerings span roads and bridges, rail, airports, marine and ports, power generation and transmission, renewables, water, telecommunications, hospital and education facility management, social housing maintenance, and full-lifecycle Defence services including base services, major projects and technical/advisory work.

Downer monetises primarily through long-dated, competitively tendered contracts with government agencies and large enterprises. The 1H26 result reported work-in-hand of AUD 38.2 billion (up 8.9%), driven by 21.6% growth in Energy & Utilities and 20% growth in Facilities; underlying EBITA margin of 4.6% (up 90bps); underlying NPATA of AUD 136 million (+7%); statutory NPAT of AUD 98 million (+30%); cash conversion above 90%; and net debt/EBITDA of 0.8x. Recent mega-contracts include a AUD 500 million five-year Stockland IFM deal, a USD 2.0 billion six-year Property and Asset Services agreement commencing February 2026, the Transurban Network Strategic Partner role across northern Sydney toll roads, and a collaborative delivery partnership with Unitywater on a AUD 2 billion South East Queensland water program aligned to the 2032 Olympics.

Name

Downer

Legal name

Downer EDI Limited

Website

https://downergroup.com

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Downer EDI (ASX:DOW) is the leading integrated infrastructure services provider across Australia and New Zealand, designing, building and sustaining assets in transport, energy, utilities, facilities, defence, health, education and housing for government and enterprise customers via long-dated contracts.

Ownership category

akta.pro rank

Product category

Integrated Infrastructure Services

NAICS

Utilities (22), Utility System Construction (2371), Electric Power Generation, Transmission and Distribution (2211), Administrative and Support Services (561)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Water Supply (4941), Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

akta.pro secondary industries

Stormwater & Drainage Infrastructure Construction (Sewer, Detention, Outfalls) (IMAFAGAF), Distribution Network Construction (Feeders, Laterals, Service Drops) (IMAFAHAC), Capital Delivery, Asset Management & Renewal Programs (Pipes, Plants, Pumps) (EUANAAAK), Public Works Departments (Streets, Bridges, Stormwater, Fleet, Maintenance) (BPAIALAD), Leasing, Rental & Product-as-a-Service (PaaS) Enablement (EUAIANAI)

Keywords

• Integrated infrastructure services
• Facilities management
• Transport and utilities
• Defence base services
• Energy and utilities

Headquarters

HQ city

Ryde

HQ country

Australia

HQ region

Oceania

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Integrated Infrastructure Services: Downer generates revenue through long-term contracts for integrated infrastructure services including roads, rail, airports, power, gas, water, telecommunications, energy networks, health, education, and defence sectors. Revenue is primarily contract-based with both recurring maintenance services and project-based capital works.
2. Facilities Management: Integrated Facilities Management (IFM) contracts covering commercial offices, shopping centres, logistics facilities, and other properties. Includes asset management and proprietary works management technology.
3. Property and Asset Services: Six-year Property and Asset Services agreement valued at USD 2.0 billion commencing February 2026, representing major revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Downer designs, builds and sustains assets, infrastructure and facilities across Australia and New Zealand, delivering integrated infrastructure services spanning roads, rail, airports, marine and ports, power generation and transmission, gas, water, telecommunications, renewables, defence base services, integrated facilities management, health, education and housing. Revenue is generated predominantly through long-term contracts won by competitive tender with government agencies and large enterprise customers, combining recurring managed services, asset management, and project-based capital works.

Product overview

Downer is an integrated infrastructure services company operating across Australia and New Zealand with a portfolio of specialized subsidiaries and service offerings. The company operates through multiple subsidiary brands including Hawkins (construction in NZ), Spotless (facilities management), Mineral Technologies (mineral processing), DMH (rotating equipment/turbines), XDNA (digital solutions), and others. Service offerings span sectors including Roads & Bridges, Rail, Airports, Marine & Ports, Energy (power generation, transmission, renewables), Water, Defence, Health, Education, Housing, and Commercial IFM. The Downer Standard serves as the proprietary integrated management system governing operations across all divisions, with subsidiaries like Downer PipeTech, Reconomy, Green Vision, Road Science, and various asphalt/linemarking operations extending specialized expertise across regions.

Differentiator

Problem solved

Functional benefit

Brands

• CPR Solutions: Structurally superior paving outcomes with advanced technology including rubblisation, crack and seat, break and seat and whitetopping.
• DMH
• Downer PipeTech
• Downer Professional Services (DPS)
• Green Vision
• Hawkins
• Mineral Technologies
• Reconomy
• Road Science
• Spotless
• XDNA

Products and services

• Roads and Bridges Road construction, maintenance and lifecycle services across approximately 50,000 km of road networks in Australia and New Zealand, including resurfacing, pavement treatments, linemarking, incident response and capital projects.
• Rail Rail infrastructure services covering construction, maintenance and asset management for passenger and freight rail networks across Australia and New Zealand.
• Airports Airfield pavement construction, maintenance and upgrades covering 1.2 million m² of airfield pavements annually across Australia.
• Marine and Ports Marine and port infrastructure services supporting port authorities and operators across Australia and New Zealand.
• Energy Services Specialist services to power generation, future energy, resources and industrial sectors including power generation, transmission and substations, renewable energy, electrical manufacturing, and domestic gas; supports 100,000 km of gas and power infrastructure assets maintained across the region.
• Water Water and wastewater infrastructure services supporting more than 14 million people across Australia and New Zealand, including pipeline rehabilitation through Downer PipeTech and capital delivery partnerships such as Unitywater's $2 billion program.
• Telecommunications and Network Services Telecommunications and network services including the installation of 6,600+ km of fibre networks across Australia and New Zealand for carriers, government and enterprise customers.
• Commercial IFM Integrated Facilities Management services keeping workplaces running for customers including CSL, Coca-Cola Europacific Partners and BlueScope Steel across industrial, manufacturing, commercial, retail and not-for-profit environments.
• Defence Services Base services, defence major projects, and technical and advisory services across the full capability lifecycle as Australia's and New Zealand's largest sovereign Prime, with 2,000+ in-house security-cleared staff and 900+ trans-Tasman SME supply chain partners.
• Education Services Facility and asset management solutions for primary, secondary and tertiary education environments covering 630,000+ students across campuses, including grounds and gardens maintenance, cleaning, catering, security, and caretaker services.
• Health Services Hospital support services including facility and asset maintenance, FM helpdesks, security, cleaning, food services, car parking, grounds and gardens, infection control, hygiene, device sterilisation, patient support assistance and portering, supporting 500,000+ patients annually.
• Housing 24/7 multi-trade maintenance, upgrades, retrofitting and modernisation services for social housing, providing 100,000 families with shelter and community support across Australia and New Zealand.
• Justice and Corrections Facility management and operations support for justice and corrections environments across Australia and New Zealand.
• Vertical Construction Vertical construction services delivered through Hawkins, New Zealand's largest construction company and a wholly owned subsidiary of Downer Group, across commercial, residential, healthcare, education and government projects.
• Open Space Management Open space and grounds maintenance services for parks, sporting fields and public realm assets across Australia and New Zealand.
• Reconomy and Landfill Landfill avoidance and waste recycling solutions through Reconomy and landfill management services for domestic, commercial, road and construction waste streams in Australia and New Zealand.
• Critical Resources and Industrial Infrastructure Services for major Australian resources and industrial companies including boilers and pressure parts, capital projects, corrosion protection, manufacturing, operations and maintenance, scaffolding and rope access, shutdowns, turnarounds and outages, strategic asset services, and turbines and generators via the DMH/Mitsubishi Power OEM alliance.

Quantifiable outcome

• Work-in-hand grew 8.9% to $38.2 billion with 21.6% growth in Energy & Utilities and 20% growth in Facilities
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• TransurbancoreStrategic or Co-development Partner · 25 June 2026Downer appointed as long-term incident response and maintenance partner for Transurban's northern Sydney road network covering NorthConnex, Hills M2, and Lane Cove Tunnel. Contract marks transition from asset-by-asset contracting to Network Strategic Partner model across NSW, supporting joint planning, investment, and continuous improvement in road operations.
• StocklandcoreStrategic or Co-development Partner · 24 March 2026Downer secured five-year Integrated Facilities Management contract with Stockland valued at approximately $500 million, commencing 1 August 2026. Covers commercial office buildings, shopping centres, logistics facilities and land lease communities across NSW, Victoria, Queensland and Western Australia with further five-year extension option.
• Viking MinesminorStrategic or Co-development Partner · 17 March 2026Mineral Technologies, a subsidiary of Downer Group, engaged by Viking Mines to conduct concept study for designing modular processing plant at Linka tungsten project in Nevada. Partnership follows metallurgical testwork showing 16-times grade increase using gravity separation.
• UnitywatercoreStrategic or Co-development Partner · 9 February 2026Downer joined Unitywater's collaborative delivery partnership to support $2 billion capital investment program for South East Queensland water and wastewater infrastructure. Partnership addresses population growth and 2032 Olympic/Paralympic Games preparations, with 147 infrastructure projects initiated since May 2024.
• HawkinscoreStrategic or Co-development PartnerNew Zealand's leading construction company and subsidiary of Downer Group, providing leadership and collaborative culture to deliver major construction projects across New Zealand. Emerged as one of New Zealand's largest vertical construction companies.
• SpotlesscoreStrategic or Co-development PartnerProvides integrated and specialist support services including asset and facilities management, cleaning and related services. Forms core of Downer's Facilities services segment following 2020 acquisition.
• DMHcoreTechnology or IntegrationDelivers rotating equipment, turbine and generator outage and repairs, asset transformation services, and OEM support. Formed in 2018 after full acquisition of MHPS-DMH. Represents Mitsubishi Power alliance for boiler, turbine and generator OEM specialist services.
• AmotaiminorStrategic or Co-development PartnerPartnership with Amotai - New Zealand supplier diversity organisation supporting Maori and Pasifika businesses in supply chains.
• Stars FoundationminorStrategic or Co-development PartnerIndigenous partnership supporting Aboriginal and Torres Strait Islander peoples through mentorship and career development programs.
• NRL Cowboys HouseminorStrategic or Co-development PartnerIndigenous partnership supporting Aboriginal and Torres Strait Islander youth education and career pathways.
• Australian Literacy & Numeracy FoundationminorStrategic or Co-development PartnerIndigenous partnership supporting literacy and numeracy outcomes for Aboriginal and Torres Strait Islander communities.
• Pacific Business Trust (NZ)minorStrategic or Co-development PartnerPartnership with Pacific Business Trust supporting Pasifika businesses in New Zealand.
• Work 180 (AU)minorStrategic or Co-development PartnerPartnership with job platform committed to gender equality in the workplace.
• Mitsubishi PowercoreOEM/ Whitelabel/ Licensing PartnerDMH Alliance with Mitsubishi Power making Downer an OEM specialist in maintenance and overhaul of boilers, turbines and generating plants across Australia and New Zealand. Provides technical specialists, support, and spare parts.

Scale indicators22 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Worley: ASX-listed global energy, chemicals and resources project services group. Direct peer in industrial services, power and utilities operations and maintenance, with overlapping customers in the Australian energy and resources sectors.
• CIMIC Group: Australia's largest integrated construction, mining and infrastructure services group (parent of CPB Contractors, UGL, John Holland, Sedgman). Closest direct peer given overlapping end-markets (transport, utilities, defence) and similar AUD-denominated long-term contract model.
• Boral: Australia's largest integrated construction materials supplier (asphalt, aggregates, concrete). Direct peer in road infrastructure materials and bitumen products where Downer competes through Road Science, Fowlers Asphalting, Gippsland Asphalt and RPQ.
• UGL: Engineering and asset services group (now a CIMIC subsidiary) specialising in rail, power, water and resources asset management. Direct peer in long-term operations and maintenance contracts; recently led by Doug Moss before he joined Downer as COO Transport & Infrastructure.
• Lendlease: Sydney-headquartered international property and infrastructure group with comparable integrated services across construction, asset management and operations. Mark Menhinnitt (Downer's Chair) was previously CEO of Lendlease Australia, underscoring the deep operational overlap.
• CPB Contractors: CIMIC subsidiary and one of Australia's largest infrastructure contractors delivering roads, rail, tunnels and water projects. Closest direct peer in transport and water infrastructure construction, frequently competing against Downer for the same tenders.
• John Holland: CIMIC-owned Australian infrastructure and building contractor operating in transport, water, energy and tunnelling. Direct peer with comparable ANZ project portfolio and similar customer base across government and utility clients.
• Fulton Hogan: Privately held Australia/New Zealand infrastructure services company specialising in roading, civil infrastructure, water and land development. Direct trans-Tasman peer with comparable scale, similar asset-heavy services model and overlapping customer base.
• Veolia Australia and New Zealand: Australian/New Zealand arm of global environmental services group Veolia, with water, waste and energy services for municipal and industrial customers. Direct peer in the water/wastewater and resource recovery segments where Downer operates through Downer PipeTech and Reconomy.

Broad incumbents

• Jacobs Solutions: US-listed global professional services and infrastructure consulting firm with significant Australia/New Zealand operations. Broader incumbent peer covering water, transport, environment and advisory services that compete with Downer's XDNA, DPS and asset management offerings.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/DownerGroup
• Facebookfacebook.com/downergroup
• LinkedInlinkedin.com/company/downer
• Xx.com/downergroup

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries18 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Downer