Civmec Reports Q3 FY25 Revenue of A$158.5M with 5.1% Net Margin

Financial Results Overview

Civmec Limited has delivered a solid financial performance for the third quarter of fiscal year 2025, reporting revenue of A$158.5 million and an EBITDA of A$19.2 million. The company recorded a net profit after tax (NPAT) of A$8.0 million, translating to a net margin of 5.1% for the quarter. Over the nine months ended March 2025, Civmec achieved revenue of A$661.3 million and EBITDA of A$72.1 million, with NPAT reaching A$34.6 million and a net margin of 5.2%. Earnings per share stood at 6.8 cents for the nine-month period, reflecting steady profitability.

Order Book Growth and Contract Wins

One of the standout highlights from the quarter was the significant expansion of Civmec’s order book, which grew by A$285 million to a robust A$760 million. This increase was driven by a combination of new contract awards and extensions, underscoring the company’s success in securing work across its core sectors. The strengthened order book provides a solid foundation for revenue visibility heading into FY26, despite some anticipated project timing shifts.

Operational Progress on Key Projects

Civmec reported meaningful progress on several marquee projects during the quarter. Notably, the company successfully delivered the first segment of the Molonglo Bridge in Canberra, which will be the longest and tallest steel weathering bridge in the region. Work at Rio Tinto’s Western Ranges project reached a key milestone with the commissioning of a crushing and conveying circuit, maintaining the project’s development schedule. Additionally, Civmec completed the rebuild of an oxygen-fuelled glass furnace for Orora, enhancing energy efficiency at the Gawler plant.

The company also secured a contract for the design and construction of tanks and civil works at Iluka Resources’ Eneabba rare earths refinery, Australia’s first fully integrated rare earth oxides production facility. This contract further diversifies Civmec’s portfolio into emerging sectors with strong growth potential.

Tendering Activity and Market Outlook

Tendering activity remains robust with priced opportunities exceeding A$13 billion, reflecting a healthy pipeline across Civmec’s operational footprint. However, management noted some delays in project awards and rescheduling that have impacted revenue recognition in Q3 and are expected to continue into the first half of FY26. Despite these near-term timing challenges, Civmec maintains a positive outlook, supported by a diverse client base and ongoing investment in strategic growth areas such as maintenance services and infrastructure.

Sustainability and Community Engagement

Civmec continues to advance its environmental, social, and governance (ESG) initiatives, including the installation of a 600kW solar photovoltaic system at its Newcastle facility and feasibility studies for further renewable energy projects. The company also highlighted community contributions through fundraising, environmental clean-up efforts, and workforce development programs such as graduate intakes. These initiatives reinforce Civmec’s commitment to sustainable operations and social responsibility.

Chairman James Fitzgerald and CEO Patrick Tallon expressed confidence in the company’s strategic positioning, emphasizing the importance of contract wins, operational excellence, and innovation in driving future growth and shareholder value.