The Civmec Ltd (ASX: CVL) share price is in focus after the company announced full-year FY26 revenue of A$903.0 million, up 11.4%, and a net profit after tax of A$52.1 million, a 22.5% increase on last year.
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What did Civmec report?
- Revenue of A$903.0 million, up 11.4% on FY25
- EBITDA of A$107.3 million, up 17.0% (EBITDA margin 11.9%)
- NPAT of A$52.1 million, up 22.5% (net profit margin 5.8%)
- Final dividend of 3.5 Australian cents, fully franked (total 6.0 cents for FY26)
- Order book of A$1.4 billion at 31 July 2026
- Net assets increased to A$591.2 million
What else do investors need to know?
Civmec reported strong operating cash flow before working capital movements of A$107.2 million, up 20% year on year, with increased investment in working capital supporting higher activity levels and order growth. The company's secured order book stands at A$1.4 billion, thanks to significant new contract wins, including major SMPE&I packages for Iluka Resources and the Perth Sporting and Entertainment Precinct.
The business continues to expand through early contractor involvement and pre-FEED processes, particularly across the resources, energy, and infrastructure sectors. Civmec also promoted Mark Clay as Executive General Manager, Defence, to drive growth in its defence business—now newly established as a prime contractor to the Commonwealth.
What did Civmec management say?
Chief Executive Officer Patrick Tallon said:
Our FY26 result reflects the strength of our people, our proven execution capability, and the consistent delivery we bring to every project. The establishment of Civmec Defence Industries, together with the expansion of our regional facilities in Port Hedland and Gladstone, has further broadened our capabilities and market reach. With strong contributions across all sectors, we enter FY27 with a substantial order book, strong market demand, and a robust pipeline of opportunities.
What's next for Civmec?
Civmec is entering FY27 with a sizeable order book and an active tendering pipeline across its key sectors. The business is well positioned to benefit from strong demand, with ongoing projects for major resources and energy clients and growth in public infrastructure and defence.
Management is focused on disciplined growth, pursuing opportunities across resources, energy, infrastructure, and expanding capabilities in defence and shipbuilding. Recent leadership appointments and investment in facilities are expected to support execution and further diversification.
Civmec Limited share price snapshot
Over the past 12 months, Civmec shares have risen 61%, outpacing the All Ordinaries Index (ASX: XAO).
