Civmec’s FY25 Revenue Hits A$810M, Order Book Surges to A$1.25B
Civmec Limited reported solid FY2025 financials with revenue surpassing A$810 million and a strengthened order book of A$1.25 billion, underpinned by its strategic acquisition of Luerssen Australia.
- FY25 revenue of A$810.6 million with EBITDA margin of 11.3%
- Net profit after tax of A$42.5 million and earnings per share of 8.4 cents
- Order book nearly doubled to A$1.25 billion, driven by diversified contracts
- Acquisition of Luerssen Australia enhances defence shipbuilding capabilities
- Declared final dividend of 3.5 cents, total 6.0 cents for FY25
Strong Financial Performance Anchors Growth
Civmec Limited has delivered a robust set of full-year results for FY2025, reporting revenue of A$810.6 million and an EBITDA of A$91.7 million, translating to a healthy margin of 11.3%. The company’s net profit after tax reached A$42.5 million, with earnings per share standing at 8.4 cents. These figures underscore Civmec’s disciplined capital management and operational efficiency amid a competitive construction and engineering landscape.
The company’s balance sheet remains strong, with net assets valued at A$530.5 million and a cash position of A$102.9 million. Reduced borrowings to A$60 million further bolster financial flexibility, enabling Civmec to pursue strategic investments without compromising stability.
Luerssen Acquisition, A Strategic Defence Play
A defining highlight of FY25 was Civmec’s acquisition of Luerssen Australia Pty Ltd, completed on 1 July 2025. This move significantly expands Civmec’s footprint in the sovereign defence shipbuilding sector, granting direct control over the SEA1180 Offshore Patrol Vessel program. The acquisition brings a skilled workforce, mature engineering systems, and a robust supply chain, positioning Civmec as a key player in Australia’s naval shipbuilding ambitions.
Funded entirely from existing cash reserves, the deal reflects Civmec’s confidence in its balance sheet and strategic direction. The integration of Luerssen is expected to accelerate delivery capabilities and enhance operational decision-making, reinforcing Civmec’s commitment to supporting Australia’s defence manufacturing sovereignty.
Diverse Project Wins and Operational Momentum
Beyond defence, Civmec’s FY25 was marked by significant operational achievements. The company successfully delivered complex infrastructure projects such as the Molonglo River Bridge in Canberra and the award-winning Boorloo Bridge. Growth in its balance machine division and new contracts in green iron and rare earths sectors highlight Civmec’s expanding capabilities in emerging industries aligned with Australia’s low-carbon transition.
Regional facility developments in Port Hedland and Gladstone enhance Civmec’s service capacity, while ongoing support for projects like Orora’s glass furnace and Iluka’s Eneabba rare earths refinery demonstrate sustained client trust and diversified revenue streams.
Order Book Expansion and Outlook
The company’s order book nearly doubled to A$1.25 billion as of July 2025, driven by a steady flow of smaller contracts across resources, infrastructure, energy, and defence sectors. Civmec’s leadership expresses optimism about an uplift in activity in the second half of FY26, supported by robust tendering and strategic positioning in sectors benefiting from Australia’s infrastructure and decarbonisation agendas.
CEO Patrick Tallon emphasized the company’s readiness to capitalize on growth opportunities, leveraging a strengthened balance sheet, skilled workforce, and strategic investments to deliver sustained value for shareholders and stakeholders alike.
Bottom Line?
Civmec’s FY25 results and strategic acquisition set the stage for a pivotal year ahead as it deepens its defence sector roots and rides infrastructure growth.
Questions in the middle?
- How will the Luerssen acquisition impact Civmec’s earnings and margins in FY26?
- What are the risks associated with integrating Luerssen’s operations and workforce?
- Which emerging green and critical minerals projects will Civmec target next?
