Civmec profit climbs 22.5% as $1.4b order book locks in FY27
Net profit rose 22.5% to $52.1 million on revenue of $903 million. A $1.4 billion order book and a new defence unit give Civmec a wider base as it enters FY27.
Civmec (ASX: CVL) closed FY26 with revenue of $903 million, up 11.4% from the prior year, while EBITDA rose 17% to $107.3 million. Net profit after tax hit $52.1 million, a 22.5% gain that pushed the net profit margin to 5.8%.
The stronger earnings supported a higher payout to shareholders. Civmec declared a fully franked final dividend of 3.5 cents per share, bringing total FY26 dividends to 6 cents.
The headline numbers were backed by a $1.4 billion order book as of July 31, 2026, built on new project awards across resources, energy and infrastructure. Among the largest wins were major SMPE&I packages for Iluka Resources and work tied to the Perth Sporting and Entertainment Precinct.
Chief executive Patrick Tallon said the FY26 result reflected the company's ability to execute projects while expanding into new areas, with the group entering the new financial year carrying a sizeable order book and a strong tendering pipeline.
Civmec is also broadening its exposure beyond its established resources and infrastructure base. The company has set up Civmec Defence Industries as a prime contractor to the Commonwealth, creating a platform for growth in the defence sector. The strategy gives investors access to multiple streams of infrastructure spending rather than tying the company to a single market. Resources and energy remain central, while defence, public infrastructure and shipbuilding provide additional avenues for expansion.
The move into defence could become an increasingly important part of the longer-term story. Gaining status as a Commonwealth prime contractor puts Civmec in a position to bid for work in a sector where government spending is expected to generate substantial project opportunities.
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