Strong profits from Civeo’s Australian workforce camps have offset a soft year back home in north America for the global facility services provider.
Strong profits from Civeo’s Australian workforce camps have offset a soft year back home in north America for the global facility services provider.
The US-listed firm last week revealed in its 2025 annual report a $12.2 million profit from its Australian division off the back of $119.5m in revenue.
That figure was up 9 per cent from 2024.
Catering and facility management made up the bulk of Civeo’s Australian revenue, about $88,000.
Overall, Civeo lost $20.1m for the year and recorded $638.8m in revenue due to losses elsewhere.
In Western Australia Civeo owns the 298-room Civeo Karratha Village and operates camps in the Pilbara and Goldfields.
Those include the 1,000-room Hamilton Village in Port Hedland and a 535-room camp in Kambalda.
Civeo is also the caterer of choice for Fortescue’s work sites.
Last year the company entered a joint venture with Karlka Nyiyaparli Aboriginal Corporation for facilities management services for Civeo’s Fortescue services.
Civeo chief executive Bradley Dodson said Australia had been a strong performer for the company in the past year.
“Operationally, Australia delivered continued solid performance across both our owned villages and integrated services business, supported by the successful integration of our recent Australian acquisition of four villages,” he said.
“In Canada, customer spending discipline continued to pressure occupancy levels; however, the cost actions we implemented during 2025 are clearly bearing fruit.”
Mr Dodson said the company achieved record revenue from its Australian division in the December quarter, 2025.
Civeo rival Sodexo also reported a strong performance in Australia in its first quarter for FY26, with growth of 10.2 per cent in its rest of world division (which incorporates Australia, India, Brazil and Chile).
Sodexo's primary contracts in WA are with Rio Tinto and Westgold Resources. It opened an autonomous retail store at Rio's Gudai-Darri in 2025.
The company did service First Quantum Minerals' Ravensthorpe Nickel Operations prior to it being mothballed in 2023.
Sodexo Australia lost its Fortescue contract last year, but gained Santos' 25 camps on a five-year deal.
