About two-thirds of that external construction work is on behalf of government clients in areas such as defence and social infrastructure, chief executive Tony Lombardo told investors on Friday.
"Business momentum continues to build," he said.
Lendlease was also bidding on $25 billion in development opportunities and aimed to secure $10 billion of these projects in 2025/26, Mr Lombardo said.
Opportunities include Lendlease's RNA Showgrounds, which is the preferred site for the Olympic athlete's village in Brisbane, and a harbourside residential land development in the Sydney suburb of Rozelle.
Lendlease is also nearing completion of its Victoria Cross commercial office tower in North Sydney, which is built on top a metro station that opened in 2024.
Lendlease expects to finish its One Circular Quay residential skyscraper project in Sydney in 2026/27, as well as its Victoria Harbour waterfront development in Melbourne.
The construction and property giant has been under pressure from investors to prove that it can rebound from a decade of underperformance.
A slimmed-down Lendlease returned to profitability in August, posting a $225 million gain for 2024/25 compared with a $1.5 billion loss the year before, after it shed thousands of roles and abandoned its international ambitions.
"We are very focused on further capital recycling to strengthen our balance sheet," chairman John Gillam told shareholders.
"Our business is clearly simplified and that has sharpened our attention to our core markets where we see the greatest potential for growth and long-term value creation."
All the resolutions put to the meeting passed with 97 per cent to 99 per cent support.
Lendlease shares on Friday afternoon were down 0.2 per cent to $5.41, on a day of sharp losses for most of the market.
21°C