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Civmec Limited (ASX:CVL)

ALERT: Price-sensitive ASX Announcement for CVL
Current share price for CVL : $1.810 0.65 (56.03%)+
Announcement
Release
28 Aug 2025 7:12PM
Price at Release
$1.160
Full Release
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Summary
Civmec Limited's Appendix 4E - Preliminary Final Report for the financial year ended 30 June 2025 reports a significant decline in revenue by 21.6% to A$810.6 million compared to the previous year. The reduction in revenue is attributed to decreased activity following the completion of major contracts. Gross profit decreased by 21.9%, while net profit attributable to shareholders fell by 34.0% to A$42.5 million. Despite the reduction in profits, the company maintained a stable gross profit margin of 11.5%. Cash and cash equivalents increased to A$102.9 million by the end of the period. Civmec completed several significant projects, including the Molonglo River Bridge and the Boorloo Bridge, and secured new contracts such as the installation of civils and SMPE&I for Fortescue's Christmas Creek Green Iron Project. Additionally, Civmec acquired Luerssen Australia, strengthening its shipbuilding capabilities. The company continues to focus on sustainable growth and expanding its order book amidst strong tendering activity.
Key Points
  • Revenue decreased by 21.6% to A$810.6 million.
  • Net profit attributable to shareholders fell by 34.0% to A$42.5 million.
  • Gross profit margin remained steady at 11.5%.
  • Cash and cash equivalents increased to A$102.9 million.
  • Completion of Molonglo and Boorloo Bridges.
  • New contract for Fortescue's Christmas Creek Green Iron Project.
  • Acquisition of Luerssen Australia, enhancing shipbuilding capabilities.
  • Continued focus on sustainable growth and expanding order book.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.