Civmec Orderbook Bolstered by A$285 Million

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Stock Civmec Ltd (CVL.ASX)
Release Time 6 May 2025, 8:16 a.m.
Price Sensitive Yes
 Civmec Orderbook Bolstered by A$285 Million
Key Points
  • Awarded new shiploader project for Port Waratah Coal Services
  • Secured refurbishment works for an existing Port Waratah shiploader
  • Awarded contract for design and construction of tanks and civil works for Iluka Resources' Eneabba rare earths refinery
Full Summary

Civmec Limited ('Civmec' or the 'Group') is pleased to announce several new contract awards and extensions valued at approximately A$285 million. The awards and extensions follow a period of increased tendering activity and are testament to the Group's strong commitment to orderbook replenishment and revenue growth. The key projects include the design, fabrication, preassembly, shipping and installation of a new shiploader for Port Waratah Coal Services (Port Waratah), as well as refurbishment works for an existing Port Waratah shiploader. Civmec has also been awarded a contract for the design and construction of field erected tanks and civil concrete works for Iluka Resources' Eneabba rare earths refinery. These projects will create more than 100 highly specialised jobs throughout their duration and generate significant local employment and subcontractor opportunities. The announcement further strengthens Civmec's materials handling and maintenance divisions and demonstrates client confidence in the company's expertise to deliver complex and integral packages of work.

Guidance

Civmec has secured in excess of A$40 million of maintenance work during Q3 of FY25.