Civmec Limited Secures Over A\$400 Million in New Contracts – Major Boost to Order Book

Date: 2 January 2026
Location: Perth/Singapore

Key Highlights from Civmec’s Latest Announcement

• New contracts and extensions awarded totalling more than A\$400 million.
• Contracts are scheduled for delivery across the second half of FY26 and into FY27, supporting a strong pipeline of activity and revenue visibility.
• Major win: Significant contract awarded by BHP for the Port Debottlenecking Project 2 (PDP2) at Nelson Point, Port Hedland.
• Additional contract secured with Fortescue for charger facility construction and pit power infrastructure at Eliwana and Flying Fish mines, supporting decarbonisation.
• Further growth in maintenance services contracts at Port Hedland and Gladstone, expanding recurring revenue base.

Detailed Breakdown of New Contracts

BHP Port Debottlenecking Project 2 (PDP2): Major Civils and Fabrication Scope

Civmec has secured a high-value contract with BHP for the PDP2 at Nelson Point, Port Hedland—a key infrastructure project for BHP. The scope includes:

• Concrete and earthworks for the installation of a sixth car dumper (CD6), with the dumper itself manufactured by Civmec at its Henderson facility.
• General concrete works for new conveyors and transfer stations.
• Establishment of a new batch plant for concrete supply on site.
• Design and installation of new piling for CD6.
• Management and execution of all temporary works, including a temporary dewatering and recharge system.
• Bulk excavation, formwork, rebar, and concrete placement (FRP) for CD6 and all conveyor and transfer station footings.
• Additional works such as shotcrete and waterproofing.

This award follows a recent steel fabrication package for the same project, which includes approximately 700 tonnes of structural steel modules, one shuttle, four maintenance gates, CD6 enclosure, and several other structures. This demonstrates Civmec’s integrated capabilities and strengthens its long-term relationship with BHP.

CEO Patrick Tallon commented:
“We are absolutely delighted to be entrusted with this significant package of work. We are honoured to be trusted to deliver, particularly given the location and complexity of the scope, which plays to Civmec’s strengths. BHP were among our earliest clients, and sustaining this healthy relationship makes this award especially meaningful—a further demonstration of our capabilities and our proven, proactive, and collaborative delivery model.”

Fortescue Charger Facilities – Supporting Decarbonisation Initiatives

Civmec has been awarded a contract by Fortescue for the construction of Light Mobile Equipment and Support Mobile Equipment charger facilities and pit power infrastructure at the Eliwana and Flying Fish mine sites. The scope includes:

• Construction, installation, verification, and commissioning of multiple charger facilities, including prefabricated DC distribution units and integrated AC chargers.
• Civil works and electrical integration for modular, transportable pit power substations.
• These substations will support the rollout of electric excavators and drills, reinforcing Fortescue’s decarbonisation objectives.
• Ongoing delivery of civils and SMPE&I for Fortescue’s Christmas Creek Green Iron Project.

This win highlights Civmec’s involvement in the energy transition and its ability to support clients’ sustainability goals—a factor increasingly valued by institutional investors.

Growth in Maintenance Services

Civmec continues to build its recurring revenue base in maintenance services, with new contracts secured in Port Hedland (WA) and Gladstone (QLD). These wins leverage the company’s expanded regional presence and reflect increasing demand for Civmec’s integrated solutions across major resource hubs. Maintenance is cited as a key growth driver for the Group.

Implications for Shareholders – Price Sensitive Information

• The A\$400 million in new contracts and extensions is a material addition to Civmec’s forward order book, providing enhanced revenue visibility for FY26 and FY27.
• Major contract wins with blue-chip clients BHP and Fortescue de-risk future earnings and validate Civmec’s strategy of early contractor involvement and service diversification.
• Significant exposure to the energy transition via Fortescue’s decarbonisation projects could attract further investor interest, especially from ESG-focused funds.
• Expansion of recurring maintenance contracts supports margin stability and long-term resilience.
• These developments are likely to be viewed positively by the market and may have a material impact on Civmec’s share price.

About Civmec Limited

Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Energy, Resources, Infrastructure, and Marine & Defence sectors. Headquartered in Henderson, Western Australia, with regional offices in Newcastle, Gladstone, and Port Hedland, Civmec offers a comprehensive range of services including heavy engineering, shipbuilding, modularisation, SMP, EIC, precast concrete, site civil works, industrial insulation, maintenance, surface treatment, refractory, and access solutions. Civmec is listed on both the ASX (ASX:CVL) and SGX (SGX:P9D).

For further information, visit: www.civmec.com.au

Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult a professional advisor before making investment decisions. The author and publisher are not responsible for any financial losses or decisions made based on the information in this article.

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