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Civmec Limited (ASX:CVL)

ALERT: Price-sensitive ASX Announcement for CVL
Current share price for CVL : $1.810 0.69 (61.61%)+
Announcement
Release
23 Jul 2025 7:26PM
Price at Release
$1.120
Full Release
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Summary
Civmec Limited has announced securing new contracts and extensions valued over A$600 million, reflecting its successful strategy in expanding its order book and achieving sustainable growth. The contracts include the SEA1180 program post-acquisition of Luerssen Australia, reinforcing its maritime defence capabilities. Notable projects include brownfield upgrades at Rio Tinto's Cape Lambert Port A and involvement in Fortescue's Green Iron Project, expected to commence production in FY2026. Additionally, Civmec is engaged in the planning phase of the Perth Sporting and Entertainment Precinct, enhancing the region's sporting and entertainment infrastructure.
Key Points
  • Civmec Limited has secured new contract awards and extensions valued at approximately A$600 million.
  • The awards include the SEA1180 program following the acquisition of Luerssen Australia, enhancing Civmec's position in the maritime defence sector.
  • A significant contract was awarded for Rio Tinto’s Cape Lambert Port A facility involving upgrades to support high-density ore types.
  • Civmec is involved in the Fortescue Green Iron Project, aimed at producing green metal with first production expected in FY2026.
  • Civmec is part of a consortium selected for the planning and design of the Perth Sporting and Entertainment Precinct Project.
  • The Perth project will include a new outdoor amphitheatre for 15,000 to 20,000 people and enhanced sporting and entertainment facilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.