Civmec on Thursday reported a 22.5 per cent jump in net profit to S$52.1 million for the 12 months ended Jun 30, 2026, lifted by the first-time consolidation of its newly acquired defence shipbuilder and a step-up in resources work.

Revenue rose 11.4 per cent year-on-year (YoY) to S$903.0 million. The board maintained its full-year cash payout at six Singapore cents a share, declaring a final dividend of S$0.035 per share – unchanged from a year earlier – payable on Oct 23, 2026 to shareholders on record as at Oct 13. An interim dividend of S$0.025 a share was paid earlier in the year.

Gross profit expanded 12.6 per cent YoY to S$104.7 million, outpacing topline growth on the back of stronger project execution and tighter cost controls. Other income inched up 6.6 per cent to S$3.8 million, aided by higher bank interest and gains on asset disposals. Administrative expenses fell 3.9 per cent as one-off costs linked to the prior year’s domicile change rolled off, while finance costs slid 7.3 per cent on reduced borrowing charges. Net tangible asset value stood at 135.42 Singapore cents a share as at Jun 30, up from 121.52 cents a year earlier.

Defence and resources were the primary growth engines. The July 1, 2025 acquisition of Luerssen Australia – now renamed Civmec Defence Industries (CDI) – brought the Arafura-class Offshore Patrol Vessel programme onto the books, broadening Civmec’s naval shipbuilding footprint. In resources, the group began work on several large contracts, including BHP’s Port Debottlenecking Project 2 and fabrication for Chevron’s Gorgon CO₂ long-term optimisation, underpinning higher volumes.

Project activity also ramped up in infrastructure. A Civmec-Seymour Whyte-Aurecon alliance secured the main build for Perth Park, Western Australia’s flagship entertainment and sports precinct. Additional wins included shutdown work for Yara’s major plant turnaround and new SMPE&I packages at Iluka Resources’ Eneabba rare-earths refinery, which is scheduled to start commissioning from mid-CY2027.

Civmec said tendering momentum “remains strong” across defence, resources and infrastructure, and that its order book hit record levels during the year, positioning the group for continued revenue growth in FY27. Capital management stayed intact, with total dividends unchanged and shareholders’ equity advancing to S$591.5 million from S$530.8 million, despite cash outflows for acquisitions and dividends.