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Civmec Limited (ASX:CVL)

ALERT: Price-sensitive ASX Announcement for CVL
Current share price for CVL : $1.710 0.23 (15.54%)+
Announcement
Release
30 Oct 2025 8:10AM
Price at Release
$1.480
Full Release
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Summary
Civmec Limited reported strong performance for Q1 FY26 with substantial revenue and profitability. The period was marked by the successful acceptance and delivery of the NUSHIP Eyre, a strategic acquisition and renaming of Luerssen Australia to Civmec Defence Industries, and a robust order book of over A$1.15 billion. The company highlighted several operational successes, including award-winning projects and significant contract wins across infrastructure and engineering sectors. Civmec's strategic initiatives focus on sustainable growth and expansion, underscored by ongoing major projects such as Australia's first integrated rare earths refinery. The company remains optimistic about its mid-term outlook and is preparing for its AGM scheduled on 30 October 2025.
Key Points
  • Q1 FY26 revenue was A$190.4 million with EBITDA at A$23.1 million and NPAT at A$10.5 million.
  • Acceptance of the OPV2 NUSHIP Eyre was achieved following successful sea trials.
  • Luerssen Australia was renamed to Civmec Defence Industries Pty Ltd.
  • Civmec's order book exceeded A$1.15 billion as of 30 September 2025.
  • Civmec received recognition for the Boorloo Bridge Project in several awards.
  • The company secured contracts for significant projects including the CSBP Sodium Cyanide project and a major balance machine upgrade.
  • Civmec is progressing on Australia's first integrated rare earths refinery in Eneabba, WA.
  • A strategic focus has been maintained on securing sustainable projects to support workforce and revenue growth.
  • Civmec will hold its AGM on 30 October 2025 in Singapore, with virtual attendance options.
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.