Jun 2, 2026 – 5.24pmMultiplex, one of the country’s largest builders, has been propped up with more than $500 million in cash from its Canadian parent over three consecutive years of loss in Australia’s low-margin construction sector, the company’s latest financial documents show.Perth-based Multiplex, owned by Canadian investment giant Brookfield Asset Management since 2007, disclosed in its latest financial documents that it received a further $220 million last calendar year on top of the near-$241 million in 2024 and $56 million it received in 2023.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Multiplex gets $500m in cash boost over 3 years of loss
The disclosures raise questions about how long Brookfield will keep funding the builder it owns, which it has already tried to sell, as the outlook weakens.
TL;DRAI
Multiplex received $220M in 2025 from parent Brookfield to cover losses in Australia's low-margin construction sector—$500M+ over three years. Repeated capital injections signal structural margin collapse across construction, indicating severe recapitalization pressure and rising default risk for leveraged builders in commodity-cycle industries.
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