Civmec (ASX:CVL) Quarterly Revenue Rises About 70% on Construction Activity

Sonal Goyal

30 October 2026 11:39 AM AEDT

Civmec (ASX:CVL) Quarterly Revenue Rises About 70% on Construction Activity

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Key Highlights

Quarterly revenue reached A$324 million, up about 70% on the prior corresponding period of A$190.4 million.
EBITDA was A$35.1 million, giving an EBITDA margin of 10.8%.
Net profit after tax was A$18.4 million, an increase of about 75% on the A$10.5 million reported in Q1 FY26.
The order book stood at about A$1.4 billion, and a construction contract was awarded for the Wagerup Gallium project.

Civmec Limited (ASX:CVL) provided an update on its performance for the first quarter ended 30 September 2026, released from Perth and Singapore on 29 October 2026. The company reported that revenue rose sharply across its Construction division, which drove most of the growth in the period. The update also confirmed that the FY26 final dividend of 3.5 cents per share, fully franked, was paid on 23 October 2026.

Revenue and Profit Growth

Quarterly revenue of A$324 million was about 70% higher than the A$190.4 million reported in the prior corresponding period. The company attributed the increase to a significant uplift in activity in its Construction division rather than to a single contract.

EBITDA for the quarter was A$35.1 million, equal to an EBITDA margin of 10.8%. Net profit after tax was A$18.4 million, which is about 75% above the A$10.5 million reported a year earlier and equal to a net margin of 5.7%.

Because profit grew at a faster rate than revenue, the NPAT margin widened compared with the prior year. The figures show that the higher activity levels carried through to the bottom line in the period.

The growth in the quarter was carried by activity across the Construction division rather than by a single project. For readers comparing the quarter with the prior year, the release highlights that the company's margins moved in the same direction as revenue, which is consistent with higher activity levels being spread across the cost base.

Order Book and Major Contract

Civmec reported an order book of about A$1.4 billion at the end of the quarter. The order book represents contracted work not yet recognised as revenue, so it gives a measure of the work the group has committed to deliver.

The company was awarded a construction contract for the Wagerup Gallium project during the period. The release presents this award as one of the key highlights of the quarter, although it does not disclose the contract value in the summary section.

Dividend Payment

The final dividend for FY26 was 3.5 cents per share and was fully franked. It was paid on 23 October 2026, shortly before the quarterly update was released.

The update does not provide revised dividend guidance, so the timing of future payments remains tied to the company's usual reporting cycle.

Final Word

Civmec's first-quarter FY27 update shows a sharp increase in revenue and profit compared with the prior year, supported by activity in its Construction division. The A$1.4 billion order book and the Wagerup Gallium award indicate the scale of work under way. The company's next quarterly report will show whether revenue and margins hold at these levels.

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