Civmec (ASX:CVL) Q1 2027 earnings summary

Executive summary

• Record Q1 FY27 revenue was A$324m, up ~70% YoY; NPAT rose ~75% to A$18.4m.

• Order Book was A$1.4bn, with new awards and extensions exceeding A$220m for FY27 and FY28 delivery.

Financial highlights

• Revenue was A$324m versus A$190.4m in Q1 FY26; EBITDA was A$35.1m and NPAT was A$18.4m versus A$10.5m.

• EBITDA margin was 10.8%; NPAT margin was 5.7%.

• Order Book was A$1.4bn, compared with A$1.15bn a year earlier.

Outlook and guidance

• Tendering remained robust, with ECI opportunities across critical minerals, alumina, gold, copper, ports and transport infrastructure.

• BHP PDP2 and Iluka’s Eneabba refinery were ramping up; focus remained on safe, disciplined delivery and workforce growth.

• OPV program remained on track against the Commonwealth-accepted baseline schedule through 2029.

• Henderson Defence Precinct development was not expected to adversely affect overall non-defence capacity.