Civmec Posts A$810.6M Revenue, 11.3% EBITDA Margin, and Declares 3.5c Dividend
Civmec Limited posted solid FY25 results with $810.6 million revenue and a strategic acquisition boosting its naval shipbuilding footprint. The company’s $1.25 billion order book and focus on low-carbon sectors set the stage for growth.
- FY25 revenue of A$810.6 million with 11.3% EBITDA margin
- Acquisition of Luerssen Australia expands naval shipbuilding capabilities
- Strong order book of A$1.25 billion as of July 2025
- Final dividend declared at 3.5 cents, totaling 6.0 cents for FY25
- Strategic positioning in low-carbon economy and balanced machines growth
Robust Financial Performance
Civmec Limited has delivered a commendable FY25 performance, reporting revenue of A$810.6 million and an EBITDA of A$91.7 million, translating to an 11.3% margin. The company’s net profit after tax stood at A$42.5 million, supported by a strong net cash position of A$42.9 million. This financial strength underpins Civmec’s ability to sustain dividends, with a final payout of 3.5 cents per share, bringing the full-year dividend to 6.0 cents.
Strategic Expansion into Naval Shipbuilding
A highlight of FY25 was Civmec’s acquisition of Luerssen Australia Pty Ltd, completed on 1 July 2025. This move secures full ownership of Luerssen’s operations, workforce, and assets, effectively expanding Civmec’s footprint in the naval shipbuilding sector. The integration has already yielded operational efficiencies and enhanced delivery on the SEA1180 Offshore Patrol Vessel program, with upcoming milestones including the keel laying of OPV 6 and the launch of OPV 3.
Diverse and Growing Project Pipeline
Civmec’s order book remains robust at A$1.25 billion, reflecting a diversified portfolio across energy, resources, infrastructure, marine, and defence sectors. Key projects include major subsea fabrication for Chevron and Woodside Energy, bridge construction in Canberra and Perth, and green iron plant installation for Fortescue Metals Group. The company is also advancing its balanced machines division, with multiple material handling machines in design and manufacturing phases, signaling growing market confidence in its specialised capabilities.
Commitment to Sustainability and Workforce Development
Beyond financials, Civmec emphasizes sustainability and community engagement. The company supports over 100 apprentices and trainees, promotes diversity and inclusion with initiatives like enhanced parental leave and the appointment of its first female independent director, and contributes to community causes such as homelessness and Indigenous education. These efforts align with Civmec’s strategic positioning for a low-carbon economy, focusing on critical minerals, green infrastructure, and low-emission technologies.
Outlook and Market Positioning
Looking ahead, Civmec anticipates an uplift in activity in the second half of FY26, buoyed by a strong pipeline and expanding engineering capabilities. The company’s investments in regional facilities, such as Port Hedland and Gladstone, and its growing OEM balanced machines division, position it well to capitalize on emerging opportunities. While industry risks remain, Civmec’s disciplined financial management and strategic acquisitions provide a solid foundation for sustained growth.
Bottom Line?
Civmec’s strategic moves and solid fundamentals position it well for growth amid Australia’s evolving industrial landscape.
Questions in the middle?
- How will the integration of Luerssen Australia impact Civmec’s long-term naval shipbuilding margins?
- What is the expected contribution of the balanced machines division to overall revenue in FY26 and beyond?
- How is Civmec managing risks associated with the transition to low-carbon economy projects?