News Articles for James Fitzgerald

Civmec order book hits record $1.5b

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An extension of Civmec's contract with Iluka Resources at the Eneabba Rare Earths refinery has boosted the company's order book to a record $1.5 billion.

Civmec optimistic about strong second half

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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.

Civmec profit slides 34pc, leaders optimistic

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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.

Challenging market conditions impact Civmec

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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.

Civmec inks Luerssen Australia deal

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Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.

Civmec revenue and profit gains

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Shares in Henderson-based Civmec rose by 7 per cent early on Friday, following a positive third quarter for the 2024 financial year.

Civmec profit, revenue up

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Construction and engineering provider Civmec Limited increased its revenue by 17.5 per cent during the first half of the 2024 financial year.

Austal, Civmec and Navantia lob navy shipbuilding bid

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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 bolsters bottom line

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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.

Civmec grows earnings, profit

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Listed contractor Civmec has almost doubled its first-half net profit and earnings while declaring its first interim dividend.

Civmec erects first steel at Henderson

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Civmec has erected the first steel for its new $80 million assembly hall in Henderson today, with Prime Minister Scott Morrison in attendance for the event.

Shipbuilding JV created for $3bn navy project

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German shipbuilder Lürssen has unveiled plans to establish a joint venture with local contractor Civmec to build 10 offshore patrol vessels at Henderson, two weeks after it failed to strike a deal with experienced shipbuilder Austal.

Civmec wins work in $3.6bn naval build

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German shipbuilder Lürssen has awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels, which are being built as part of a $3.6 billion federal government program.

Austal, Civmec positive on $4bn naval build

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Perth companies Austal and Civmec are looking forward to working on the construction of 10 navy vessels at Henderson but the amount and type of work they will undertake is unclear after the federal government selected Germany's Luerssen as its preferred designer and builder.

Civmec pursues ASX listing

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Henderson-based shipbuilder Civmec has announced plans to list on the ASX, with details of its entry yet to be determined.

Perth office for German shipbuilder

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Family-owned German shipbuilder Lürssen will be setting up shop in the Australian Marine Complex through a partnership with Civmec and government-owned ASC.

First sod turned at new Henderson facility

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Civmec has begun constructing what it says will be Australia's biggest undercover shipbuilding facility in Henderson, confident it will have enough work even before offshore patrol vessel contracts are awarded by the federal government later this year.

Influence radiates from centre of power

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SPECIAL REPORT: A small group of ministers and backroom advisers close to Mark McGowan will set the agenda for the new state government.

Civmec weathering tough market

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A currency depreciation and weak market conditions for resources companies have driven net profit after tax down by 42.9 per cent at Henderson-based contractor Civmec.

Civmec to invest $80m in defence facility

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Engineering and construction contractor Civmec said today it planned to spend up to $80 million establishing a new shipbuilding facility at Henderson, and use it as a springboard into the federal government's $89 billion naval build in the coming decade.

Civmec targets submarine construction

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Local manufacturer Civmec has announced plans to further diversify its services, with the formation of a new defence business unit and a $30 million spend to expand its Henderson facilities.

Civmec profit, costs up

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Perth-based engineering and construction contractor Civmec has reported a 37.7 per cent rise in net profit for the September quarter to $S11 million, and a 140 per cent leap in revenue to $S170.2 million.