Civmec (ASX:CVL) AGM 2026 summary

Opening remarks and agenda

• AGM held in person and by live webcast; the CEO presented FY2026 performance and business updates before formal proceedings.

• A quorum was confirmed; the meeting considered the audited FY2026 statements, remuneration report, director re-elections and share-allotment authority.

Financial performance review

• FY2026 revenue exceeded AUD 903m; EBITDA was AUD 107m at an 11.8% margin, and net profit was AUD 52.1m at a 5.8% margin.

• The first quarter recorded revenue of AUD 324m, EBITDA of AUD 35.1m at a 10.8% margin, and net profit of AUD 18.4m at a 5.7% margin.

• Order book peaked above AUD 1.5bn during FY2026 and stood at AUD 1.4bn in the first quarter; market capitalization exceeded AUD 1bn in mid-June.

• Fair-value assets were AUD 620m, equivalent to AUD 1.16 per share; operating cash flow funds wages and materials, while forward CapEx is expected to be sustaining and similar to depreciation.

Board and executive committee updates

• Kevin Deery was thanked for 17 years of service, including as COO and interim CFO; a planned transition was undertaken, and he remains available to advise.

• Re-election of CEO Patrick Tallon and Independent Non-Executive Director Ambrose Law was put to poll; Law was identified as Lead Independent Director and Audit Committee chair.