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Civmec (ASX: CVL) has closed out FY26 with higher revenue, stronger margins and a substantial pipeline of contracted work, giving the engineering and construction group a solid base heading into the new financial year.
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The company reported revenue of $903 million, an 11.4% increase on FY25, while EBITDA climbed 17% to $107.3 million.
Net profit after tax rose 22.5% to $52.1 million, with the net profit margin reaching 5.8%.
The stronger earnings result has also supported an increased return to shareholders. Civmec declared a fully franked final dividend of 3.5 cents per share, taking total FY26 dividends to 6 cents per share.
A major feature of the result is the company’s contracted workload. Civmec had an order book of $1.4 billion at July 31, 2026, supported by new project awards across resources, energy and infrastructure.
Among the significant wins were major SMPE&I packages for Iluka Resources and work associated with the Perth Sporting and Entertainment Precinct.
The growing order book gives Civmec visibility as it enters FY27, while the company’s tendering pipeline provides scope for further contract growth.
Civmec is also broadening its exposure beyond its established resources and infrastructure operations. The company has established Civmec Defence Industries as a prime contractor to the Commonwealth, creating a platform for expansion in the defence sector.
The strategy gives investors exposure to several areas of infrastructure spending rather than leaving the company dependent on a single market. Resources and energy remain important sources of work, while defence, public infrastructure and shipbuilding provide additional avenues for expansion.
Chief executive Patrick Tallon said the FY26 performance reflected the company’s ability to execute projects while expanding into new areas, with the group entering FY27 with a sizeable order book and a strong pipeline.
The expansion into defence could become increasingly important to the longer term investment story. Establishing itself as a Commonwealth prime contractor gives Civmec an opportunity to participate in a sector where government spending is expected to create substantial project opportunities.
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