Civmec (ASX:CVL) H2 2025 earnings summary

Executive summary

• Achieved revenue of A$810.6m and NPAT of A$42.5m for FY25, with a final dividend of 3.5c declared, totaling 6.0c for the year.

• Maintained a robust order book of A$1.25b as of 31 July 2025 and a net cash position of A$42.9m.

• Completed the strategic acquisition of Luerssen Australia Pty Ltd, enhancing naval shipbuilding capabilities.

Financial highlights

• EBITDA reached A$91.7m with an 11.3% margin; net profit margin was 5.2%.

• Operating cash flow was A$97.8m; net assets stood at A$530.5m (A$1.04 per share).

• Earnings per share were 8.4c; total borrowings reduced to A$60.0m.

Outlook and guidance

• Entering FY26 with a strong pipeline across energy, resources, and infrastructure sectors.

• Expecting uplift in activity in 2H FY26, with medium-term confidence supported by low-carbon economy opportunities and regional expansion.

• Attractive dividend yield of 5.2% (7.4% with franking credits) and compelling valuation relative to peers.