Henderson-based Civmec says while pre-existing predictions surrounding a quieter first half to FY26 have eventuated, it is confident things are about to turn.
Dual-listed Civmec recorded a 34 per cent net profit drop to $42.5 million last financial year, but insists the future is bright with a record order book worth $1.25 billion.
Former state government minister Bill Johnston has been appointed president of the board, while major contentious development plans are underway for the park.
Shadow Treasurer Sandra Brewer has slammed the Western Australian government for its pursuit of “pet projects” and its “willingness to spend whatever it takes” to deliver them.
The state government will allocate $25 million to boost transmission infrastructure manufacturing and encourage greater local involvement in the electricity grid's renewable refresh.
Construction and energy services provider Civmec posted a net profit of $8 million during its third quarter of the 2025 financial year, down from $17.1 million, 12 months prior.
Pilbara miner Rio Tinto spent more than $10 billion with Western Australian suppliers last year as it ramped up work on its iron ore sustaining projects.
Henderson-based Civmec has reiterated concerns regarding a shift in market conditions, which it says could result in the delaying or re-scheduling of projects.
Civmec has pushed back the deadline of its deal for Luerssen Australia by six months but will accelerate its efforts to integrate its shipbuilding operations while the acquisition is finalised.
Henderson-based Civmec has told shareholders to expect lower levels of activity during the back end of the 2025 financial year, citing delays to the awarding of key projects.
An agreement between the state and federal governments will begin the process to develop a consolidated defence precinct at Henderson, with millions committed and billions of investment forecast.
Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.
An as-yet-uncosted dry dock will be a necessary component of the Western Australia's AUKUS partnership responsibilities, according to acting Prime Minister Richard Marles.
Acting Prime Minister Richard Marles has backed Australia's preparation for any potential conflict in the years ahead, on the first morning of the largest defence gathering in state history.
The dramatic downturn in the battery metals sector has forced Albemarle to slash spending, with one casualty being the planned expansion of its Kemerton lithium refinery.
Global companies Metso and Weir Minerals and Perth firm Camco Engineering are leading a flurry of developments that will bring new jobs to Karratha and Port Hedland.
Henderson shipbuilder Austal, construction and engineering company Civmec and Spain's Navantia Australia have joined forces in a bid to deliver six warships for the Royal Australian Navy.
Civmec boss Patrick Tallon says the company's "relentless focus" on cost containment amid high inflation and labour shortages has led to another strong set of financial results.
Albemarle has strongly signalled it will proceed with an expansion of its Kemerton lithium plant after awarding work to Civmec and progressing plans for a $125 million accommodation camp.
A joint federal and state government event to mark the beginning of a Perth City Deal project has been overshadowed by complaints from Lord Mayor Basil Zempilas.
Civmec has boosted its first-half net profits by 25 per cent and has recorded a positive cash position for the first time since 2016, according to its latest financial results.
Matt Mckenzie with today's top stories including the record harvest, changes to national emissions policy, rising rental prices and a Civmec contract win.
A pedestrian and cyclist bridge over Perth's Causeway is on track to be finished within two years after an assessment panel's approval of the $100 million proposal.
