Civmec (ASX:CVL) AGM 2025 summary

Opening remarks and agenda

• AGM conducted both physically and via webcast, with introductions of board and management before business update presentation.

Financial performance review

• Q1 revenue reached AUD 90.4 million, with EBITDA at 12.1% and net profit margin at 5.5% (AUD 10.5 million).

• Order book remains strong at approximately AUD 1.15 billion, with expectations to maintain AUD 1–1.5 billion into FY 2026.

• Dividend payout of 3.5% issued, with over AUD 123 million returned to shareholders since 2018.

• Maintenance currently accounts for about 10% of revenue, manufacturing about 30%, with plans to grow maintenance to 30–40% of revenue.

Board and executive committee updates

• Mr. Gary Gray reelected as independent non-executive Director and remains Chair of the Nominating Committee and member of other key committees.