Civmec 1H FY26 NPAT A$21.4m on A$380m revenue; order book climbs to A$1.35bn and 2.5c interim dividend maintained
Summary:
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Civmec posted half-year revenue of about A$380m, delivering EBITDA of A$46m at a 12% margin and NPAT of A$21.4m at a 5.6% net margin, with EPS of 4.21 Australian cents.
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Cash and cash equivalents stood at A$87.6m and net assets at A$534.6m, translating to net asset value of roughly A$1.05 per share and underlining a solid balance sheet.
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The order book expanded to about A$1.35bn as at 31 December 2025, up from A$1.25bn at 30 September 2025, supported by wins across resources, infrastructure and defence projects.
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The board declared a fully franked interim dividend of 2.5 Australian cents per share for 1H FY26, unchanged from 1H FY25, reflecting confidence in cash generation.
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Key contract milestones included BHP’s Port Debottlenecking Project 2 civils and steel packages, progress on Arafura-class OPVs, Fortescue mine-site electrification works, major shiploader and car dumper fabrication, and CO₂ optimisation modules for Chevron.