Civmec Secures AU$400 Million in New Contracts, Extensions; Shares Reach All-Time High

MT Newswires Live

Jan 05

Civmec (ASX:CVL)said it has recently secured a series of new contracts and extensions with a combined value of over AU$400 million, according to a Monday Australian bourse filing.

The new contracts and extensions are expected to be delivered across the second half of fiscal 2026 and fiscal 2027, building upon an uplift in activity heading into the second half of fiscal year 2026, the filing added.

Among the new contracts, Civmec has secured a contract with BHP (ASX:BHP) for the Port Debottlenecking Project 2 at Nelson Point, Port Hedland, to deliver the concrete and earthworks for the installation of a sixth car dumper, which is also being manufactured by Civmec at its Henderson fabrication facility.

The company has also secured a contract for the construction of light mobile equipment and support mobile equipment charger facilities and pit power infrastructure at Fortescue's (ASX:FMG) Eliwana and Flying Fish mine sites.

Civmec added that it has continued to secure further maintenance contracts in Port Hedland and Gladstone.

The company shares rose 6% to their all-time high in recent Monday trade.

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