Key points
- Revenue from ordinary activities increased by 11.4% to A$902,984
- Profit after tax attributable to members increased by 22.5% to A$52,096
- Acquisition of Luerssen Australia Pty Ltd (CDI) and increased activity in the Resources segment
- Net tangible assets per security increased to 135.42 cents
Full summary
Civmec Ltd reported a robust financial performance for the year ended 30 June 2026. Revenue from ordinary activities rose by 11.4% to A$902,984, while profit after tax attributable to members increased by 22.5% to A$52,096. The growth was primarily driven by the acquisition of Luerssen Australia Pty Ltd (now Civmec Defence Industries Pty Ltd) and increased activity within the Resources segment. The company also saw a 12.6% increase in gross profit and a 6.6% rise in other income. Administrative expenses and finance costs decreased by 3.9% and 7.3%, respectively. Civmec Ltd completed several major projects, including the BHP Port Debottlenecking Project 2 and Yara 26 Major Plant Turnaround. The company's order book reached record highs, and tendering activity remained strong across all sectors.
Guidance
Revenue up 11.4%, profit after tax up 22.5%, net tangible assets per security 135.42 cents
Outlook
Civmec Ltd anticipates continued growth in its workforce and revenue, with strong tendering activity and a focus on securing sustainable projects.