Australia's Civmec climbs to record high after securing fresh contracts

Civmec

04/01/2026 23:33

** Shares of Civmec CVL.AX rise as much as 7.9% to a record high of A$1.580

** Stock logs its best intraday pct gain since September 15

** The construction and engineering services provider inks a series of fresh contracts with combined value exceeding A$400 million ($267.48 million)

** Co says among new orders, CVL also secures contracts with BHP BHP.AX & Fortescue FMG.AX

** Stock on track to log its third consecutive session of gains, if current trend holds

** Stock up 14% in 2025

   ($1 = 1.4954 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))