Civmec Q1 FY27 NPAT Up ~75% to A$18.4 million

Civmec (ASX:CVL) released its first quarter FY27 update to report higher revenue and earnings from increased Construction division activity, and a larger Order Book that now includes the Wagerup Gallium project construction contract.

Quarterly revenue was A$324 million, up ~70% on Q1 FY26 (A$190.4 million). EBITDA was A$35.1 million at an EBITDA margin of 10.8%, and NPAT was A$18.4 million at an NPAT margin of 5.7%, up ~75% on Q1 FY26 (A$10.5 million). The Order Book stands at approximately A$1.4 billion as at the date of the announcement, compared with A$1.15 billion at the same time last year, following new contract awards and extensions announced on 5 October 2026 with a combined value exceeding A$220 million, to be delivered across FY27 and FY28. Civmec was awarded the construction contract for the gallium production plant at Alcoa's Wagerup Alumina Refinery, and the Commonwealth accepted the baseline schedule for the remainder of the SEA 1180 Arafura Class OPV program through to 2029. A final FY26 dividend of 3.5 cents per share (fully franked) was paid on 23 October 2026.

The release gives no FY27 revenue or earnings guidance and does not state the value of the Wagerup Gallium contract on its own. Civmec says it is still waiting for further detail on the scope and timing of planned investment in the Henderson Defence Precinct.