Civmec Limited has reported a net profit after tax of A$10.5 million ($8.97 million) for the 1QFY2026 ended Sept 30 in its latest business update.
The company’s quarterly revenue came in at A$190.4 million, and ebitda at A$23.1 million for the 1QFY2026.
Following the acquisition of Luerssen Australia on July 1, Civmec has renamed the entity to Civmec Defence Industries, to reflect its strategic alignment with Civmec’s broader naval shipbuilding and other capabilities.
The group has several key operational highlights in this quarter, including completion pof projects among others.
Civmec has been awarded the CSBP Sodium Cyanide project involving greenfield and brownfield upgrades, with a significant portion of shutdown works required to complete tie-ins. The project will run through to the end of 2026.
It secured a new contract for its materials handling division, and scope of work includes comprehensive assessments, engineering, fabrication, mechanical upgrades, structural strengthening, cabling, and software enhancements. Works are scheduled to continue through to the end of 2027.
See also: Coliwoo reports FY2025 earnings of $15 mil, 51.4% lower y-o-y
Civmec has been engaged to deliver fabrication and installation of a new process water tank at Fortescue’s Kings Valley Solomon mine site. The project is scheduled to run through to mid-2026.
Finally, Civmec is progressing work on Australia’s first integrated rare earths refinery in Eneabba, WA. The scope includes major civil concrete works and tank fabrication delivered from its Henderson facility.
As at Sept 30, Civmec’s order book exceeded A$1.15 billion.
Shares in Civmec closed flat at $1.16 on Oct 29.
