Civmec net profit down almost 17% YoY in H1 2025

Administrative expenses increased by 18.3% during the period.

SGX-listed Civmec reported a net profit of $22.5m (AUD26.5m) in the first half of the financial year 2025 (H1 2025) ended 31 December 2024, a 16.9% year-on-year (YoY) decrease from the previous year.

This is despite a revenue increase of 2.2% to $427.4m (AUD502.9m) due to the timing of revenue recognition on projects.

However, gross profit decreased 7.5% to $47.4m (AUD55.8m) with a gross margin of 11.1%.

Administrative expenses also increased by 18.3% during the period mainly due to company fees, consultant fees, and stamp duty incurred for the change of domicile and changes to how the group classifies support function costs.

($1=AUD1.18)