Civmec order book hits record S$1.5 billion on new resources, infrastructure projects

[SINGAPORE] Construction and engineering services provider Civmec announced on Thursday (Jun 4) that its order book reached a new record of S$1.5 billion amid new contracts, panel agreement extensions and orders.

The mainboard-listed company said that the new awards span its resources, infrastructure, energy and maintenance activities, and are expected to be delivered across FY2027 and FY2028.

Works for Iluka Resources’ rare earths refinery

Among the new order book wins is a further package of work awarded by critical minerals company Iluka Resources at the Eneabba rare earths refinery in Western Australia. This is for structural, mechanical, piping, electrical and instrumentation (SMPE&I) installation works across the facility.

The award extends Civmec’s involvement in the facility and builds on work the group is already delivering on the site, for field-erected tanks, civil concrete works and SMPE&I bridging works under way.

Under the new package of work, Civmec will oversee multidisciplinary installation works across the refinery’s major process areas to support the commencement of the commissioning of the refinery from mid-2027.

The scope encompasses extensive off-site fabrication of pipe spools, installation of structural steel modules and platework, pipe supports and pipework, mechanical equipment, electrical and instrumentation and switchroom infrastructure.

Perth Park construction project

An alliance comprising Civmec, Seymour Whyte and Aurecon has also won the major construction contract for Perth Park, Western Australia’s entertainment and sporting precinct on the Burswood Peninsula.

Civmec said the project adds to its portfolio of major public infrastructure projects in Western Australia.

The contract will bring the project from the planning and design phase into construction delivery, with the precinct expected to be “substantially complete” in late-2027, said Civmec.

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The group said that only its portion of the participating interest in the contract was recognised in the order book value announced on May 15, 2026.

Other projects

Civmec said it recently secured new deals under its maintenance portfolio, increasing utilisation at its permanent regional facilities.

The group said that these align with its focus on maintenance services as a growth driver, and its investment in establishing facilities in Port Hedland and Gladstone to serve maintenance clients.

It also won packages of work from long-term clients in the lithium, rare earths, critical minerals, iron ore, coal, alumina and hydrocarbon commodities spaces. Other projects include manufacturing work to be delivered from its Newcastle facility.

Q3 earnings

Civmec on May 15 announced a third quarter net profit after tax of A$13.5 million (S$12.4 million).

This brought its net profit after tax for the first nine months of the financial year ended Mar 31 to A$34.9 million.

Its Q3 earnings before interest, taxes, depreciation, and amortisation stood at A$27.8 million, with a revenue of A$244.2 million.

Its orderbook for the quarter stood at A$1.3 billion, a 70 per cent increase from A$760 million in the previous corresponding period.

Civmec shares fell 1.3 per cent or S$0.02 to S$1.54 before the news.