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Lendlease Group Limited, a multinational construction and property management company headquartered in Sydney, Australia, reported a total revenue of around **** billion Australian dollars in the 2025 financial year. This represented a decline from the previous year's revenue of just over *** billion dollars.

Lendlease shifts strategy

Lendlease was once a dominant force in the Australian construction industry, but since the COVID-19 pandemic, the company has struggled financially. In the 2024 fiscal year, the company reported a substantial profit loss after tax of around *** billion Australian dollars. This loss underscores the complex operating environment for construction firms, even those with a global presence. As a result, in May 2024, Lendlease announced its intention to sell its overseas operations in Asia, Europe, and the Americas and focus solely on its domestic operations in Australia by late 2025. 

Australia’s construction industry workforce

As of November 2024, over **** million people were employed in Australia’s construction industry, continuing the upward trend since 2021. The building installation services sector leads with the highest workforce across construction-related industries, with around ** employees. Building completion services was the second-largest sector by number of people in its workforce. Despite the increase in the construction industry's workforce size in recent years, the industry still struggles with a skilled worker shortage and fluctuating construction labor productivity index (LPI).