Dual-listed construction and engineering services provider Civmec P9D Limited has reported a net profit of A$15.2 million ($13.2 million) in 1QFY2025 ended September, in line with the same period last year.
Meanwhile, earnings per share stood at 2.99 Australian cents in 1QFY2025, down from 3.01 Australian cents in 1QFY2024.
For the same period, the group’s revenue stood at A$262.7 million, up 7.2% y-o-y from 1QFY2024.
In 1QFY2025, the group reported an ebitda of A$29.2 million, up by 1% y-o-y.
Net asset value (NAV) per share stood at 95.8 Australian cents, up from 86.0 Australian cents in 1QFY2024.
As at end-September, the group had an order book of A$800 million, down from A$853 million in the previous quarter.
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James Fitzgerald, chairman of Civmec, says: “We continue to secure projects with long term clients, demonstrating our robust market position.”
He adds: “Additionally, we are excited to announce the successful completion of the re-domicile of the Civmec’s parent company to Australia, effective from Sept 4. This strategic move is anticipated to enhance our ability to secure Australian contracts, particularly from entities with local content policies or initiatives.”
Shares in Civmec closed 3 cents lower, or down 2.61%, at $1.12 on Oct 29.
