Civmec (ASX:CVL) Q1 2026 TU earnings summary

Executive summary

• Achieved Q1 FY26 revenue of A$190.4m, EBITDA of A$23.1m, and NPAT of A$10.5m, reflecting strong operational performance.

• Completed acquisition and integration of Luerssen Australia, now Civmec Defence Industries, expanding naval shipbuilding capabilities.

• Order book exceeded A$1.15b as of 30 September 2025, supporting a diversified and resilient project portfolio.

• Strategic focus on growing recurring revenue through maintenance, long-term service agreements, and diversified project engagement.

• Paid a fully franked final dividend of 3.5c per share on 24 October 2025; total FY25 dividend was 6.0c per share.

Financial highlights

• Q1 FY26 EBITDA margin at 12.1%, net profit margin at 5.5%.

• Strong tendering activity and ongoing replenishment of the order book with operationally critical awards.

Outlook and guidance

• Medium-term outlook remains positive, with increased early contractor engagement and larger, more complex project awards expected in 2H FY26.

• Positioned to benefit from Australia's transition to a low-carbon economy and green infrastructure opportunities.

• Strongly placed to participate in the A$12–25b Henderson Defence Precinct development, though details of funding are yet to be announced.