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.
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.
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.
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.
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.
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.
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 has secured three maintenance and capital works contracts worth $130 million with mining majors Rio Tinto and BHP, taking its total order book to more than $1 billion.
ASX-listed contractor Civmec has secured new work across its maintenance, manufacturing, and construction divisions including with the likes of BHP and Rio Tinto.
Civmec has filed a statement of claim against Altura Mining's lithium subsidiary, with the contractor alleging it is owed $4.5 million in compensation.
Henderson-based Civmec has reported a 38.7 per cent rise in net profit to $8.1 million for the six months to December, sending its shares nearly 9 per cent higher at the market open.
WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.
Civmec has announced $120 million of new work, led by a contract to build and instal the primary crushing and ore processing facility at Fortescue Metals Group's Eliwana iron ore mine.
Civmec has reported a sharp fall in quarterly profit to $141,000 after accounting for cost overruns on projects but has also reported strong growth in its order book.
Civmec has secured a fabrication and assembly contract at BHP's South Flank iron ore project in the Pilbara, taking its total at the project to $48 million.
Henderson-based Civmec will start a maintenance services contract with iron ore miner Roy Hill Holdings next month, building on work it is undertaking for major players Rio Tinto, Alcoa of Australia and Fortescue Metals Group.
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.
Henderson-based contractor Civmec lifted profit to $S10.4 million ($A10 million) for the first half of the financial year, up 59 per cent, on the back of a big surge in revenue.
Engineering and construction contractor Civmec, which plans to list on the Australian Securities Exchange, has reported a quarterly net profit of $S3.7 million ($A3.5 million) and modest growth in its order book.
Henderson-based Civmec has been awarded contracts for work on the Jemena northern gas pipeline in the Northern Territory, which will employ 160 people at its peak.
A joint venture between Civmec and Amec Foster Wheeler has been formally awarded a $298 million engineering, procurement and construction contract for Gold Road Resources' Gruyere gold project.
Henderson-based Civmec has received $90 million worth of contracts for work on a number of projects nationwide, with the most significant being a construction job at Alcoa of Australia's Pinjarra alumina refinery.
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.
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.
