Civmec (ASX:CVL) H2 2026 earnings summary

Executive summary

• FY26 revenue reached A$903.0m, up 11.4% year-over-year, with NPAT of A$52.1m and a net profit margin of 5.8%.

• EBITDA rose 17.0% to A$107.3m, with an EBITDA margin of 11.9%.

• Order book stood at A$1.4b as of July 31, 2026, providing strong visibility into FY27 and FY28.

• Major operational milestones included the acquisition of Luerssen Australia (now Civmec Defence Industries), expansion of regional facilities, and delivery of key infrastructure and shipbuilding projects.

• Strategic progress included the establishment of Civmec Defence Industries and promotion of Mark Clay to Executive General Manager, Defence.

Financial highlights

• Net profit margin was 5.8%; earnings per share increased 22.2% to 10.23 Australian cents.

• Net assets totaled A$591.2m, supported by property, plant, and equipment of A$619.6m.

• Cash on hand was A$54.6m at year-end; total borrowings at A$60.0m.

• Operating cash flow before working capital movements increased 20.0% year-over-year to A$107.2m.

• Final dividend of 3.5 cents per share declared, total 6.0 cents for FY26, with a payout ratio of 61%.

Outlook and guidance

• Entering FY27 with a robust A$1.4b order book and a diversified pipeline across resources, energy, infrastructure, and shipbuilding.

• Early Contractor Involvement (ECI) and pre-FEED processes, along with repeat work from major clients, are driving future growth.

• National growth profile supported by established operations on both coasts and expansion into new states.

• Strategic growth platforms include defence infrastructure, OEM material handling, energy transition, and public infrastructure.