Civmec (ASX:CVL) earnings of AU$0.042 per share and revenue of AU$380.4 million for the six months ended Dec. 31, 2025, met expectations, according to a Friday report by Euroz Hartleys.

The company's energy, industry, and defence units met expectations. However, its resources division came in a "little softer," Euroz said.

Euroz expects the resources division to pick up in the second half of the year, due to recent contract wins.

The company's improved orderbook of AU$1.35 billion, up from AU$1.25 billion at the end of September 2025, is encouraging, Euroz added.

Euroz maintained the company's buy rating and raised its price target to AU$1.67 from AU$1.46.

Shares of the company fell 1% in recent Friday trade.