Highlights

  • Civmec (ASX:CVL) reported FY26 Revenue of A$903.0 million, up 11.4% on FY25.
  • EBITDA increased 17.0% to A$107.3 million, while NPAT rose 22.5% to A$52.1 million.
  • The company’s order book reached A$1.4 billion at 31 July 2026.
  • Civmec declared a fully franked final Dividend of 3.5 Australian cents, taking FY26 total dividends to 6.0 cents.
  • Civmec traded at AUD 1.85, down 0.80% during the morning session on 28 August 2026.

Civmec Limited (ASX:CVL) has reported its FY26 financial results, highlighting higher revenue, Earnings growth, an expanded order book and continued activity across resources, energy, infrastructure, marine and defence sectors. The company recorded revenue of A$903.0 million for the year ended 30 June 2026, representing an 11.4% increase on FY25.

During the morning session on 28 August 2026, Civmec (ASX:CVL) was trading at AUD 1.85, down 0.80%. The stock remains up 59.48% over the past year.

Financial Results

Civmec reported EBITDA of A$107.3 million for FY26, up 17.0% on the prior year, with an EBITDA Margin of 11.9%. Net profit after tax (NPAT) increased 22.5% to A$52.1 million, resulting in a net profit margin of 5.8%.

Earnings per share increased to 10.23 Australian cents, representing a 22.2% improvement compared with FY25.

The company reported Operating Cash Flow before Working Capital movements of A$107.2 million, up 20.0% on the previous year. Civmec said movements in its cash position reflected increased Investment in working capital to support higher activity levels and secured work growth.

At 30 June 2026, Civmec held cash and cash equivalents of A$54.6 million, with total borrowings of A$60.0 million. Net Assets increased to A$591.2 million, supported by property, plant and equipment valued at A$619.6 million.

Dividend Update

Civmec declared a final dividend of 3.5 Australian cents per share, fully franked, payable on 23 October 2026. This takes total dividends declared for FY26 to 6.0 Australian cents.

Chairman James Fitzgerald said the dividend reflected the company’s confidence in its order book and opportunities available across its operating sectors.

Order Book Growth

Civmec’s order book stood at A$1.4 billion as at 31 July 2026, supported by successful tender conversions during the second half of FY26 and awards across multiple operating sectors.

The company highlighted continued tendering activity across its operations, with opportunities across resources, energy and infrastructure sectors. Civmec also continues to participate in early contractor involvement (ECI) and pre-FEED processes for medium to large-scale projects.

Chief Executive Officer Patrick Tallon said the FY26 result reflected project execution capabilities and contributions across sectors, while the establishment of Civmec Defence Industries and expansion of regional facilities broadened the company’s capabilities.

Project Progress

During FY26, Civmec completed several major project milestones and secured additional work across its operating sectors.

At Iluka Resources’ Eneabba Rare Earths Refinery, Civmec completed more than 14,000m³ of concrete works and the design, fabrication, construction and installation of field-erected tanks. The company also secured further SMPE&I installation packages involving approximately 4,000 tonnes of steel, 87km of piping and 585km of cabling.

For BHP’s Port Debottlenecking Project 2 (PDP2) and Car Dumper Program, Civmec commenced work at Nelson Point, Port Hedland, supporting installation of a sixth car dumper. The company is Manufacturing CD6 and CD4 at its Henderson facility, while site activities include demolition, earthworks, piling and infrastructure works.

Civmec was also awarded the Perth Park project for the Office of Major Transport and Infrastructure Delivery. The project includes ground improvement, piling, concrete construction, structural steel installation and fit-out works.

The company secured a follow-on package for Chevron Australia’s Carbon Capture and Storage long-term optimisation program, expanding the scope to 30 module structures and 75 pre-assembled structures.

Defence Expansion

Civmec continued to expand its defence capabilities during FY26. The company promoted Mark Clay to the executive team as Executive General Manager, Defence, following his involvement in building the defence Business and establishing Civmec Defence Industries as a prime contractor to the Commonwealth.

In the expanded role, Mark Clay will lead Civmec’s defence capabilities across naval shipbuilding, sustainment and emerging programs.

Investor Takeaway

Civmec’s FY26 update highlights higher revenue, earnings growth, dividend returns and a strengthened order pipeline across resources, energy, infrastructure, marine and defence sectors. Investors may continue watching project execution, order book conversion, defence capability expansion and tender activity as the company progresses through FY27.