AtkinsRéalis Group Inc has today announced its financial results for the second quarter ended 30th June 2025.
The global engineering services provider reports strong Q2 results, delivering year-over-year increases of 15% in revenue and 18.7% in Segment Adjusted EBIT, while the diluted earnings per share (“Diluted EPS”) reached $13.32, which included $12.86 for the gain on disposal of the Company’s remaining 6.76% interest in Highway 407 ETR.
The Company’s total backlog also continued to be robust with a 20% increase compared to December 31, 2024, as Engineering Services Regions and Nuclear reached new record-high levels.
“Our strong second quarter results highlight the ongoing demand for our unique end-to-end engineering services and Nuclear expertise,” says Ian L.
Edwards, President and CEO of AtkinsRéalis. “We took important steps this quarter to both deliver on our strategic priorities and further solidify our capital structure.
We successfully completed the sale of our remaining interest in Highway 407 ETR, significantly reduced our debt, continued to repurchase shares, and closed our acquisition of David Evans – demonstrating the Company’s commitment to our capital allocation priorities.
We are distinctly positioned to capture significant market opportunities through an industry-leading balance sheet and the continued growing demand for our crucial capabilities to address aging infrastructures and the global shift towards a cleaner energy future.
I am proud of the work of our 40,000 colleagues across the Company for their steadfast approach to executing our Delivering Excellence, Driving Growth strategy, as we engineer a better future for our planet and its people.”
(All results reflect comparisons to prior-year period of Q2 2024, except as otherwise indicated)
(Engineering Services Regions is comprised of the following reportable segments: Canada, United Kingdom & Ireland (“UKI”), United States & Latin America (“USLA”) and Asia, Middle East & Australia (“AMEA”))
Backlog for Engineering Services Regions and Nuclear achieved new record-high levels-item wp:list-item
- wp:list-item
- Net income attributable to AtkinsRéalis shareholders from PS&PM increased by 11.0% to $75.8million, or $0.44 per diluted share, compared to $68.3 million, or $0.39 per diluted share in Q2 2024 -item wp:list-item
- Adjusted net income attributable to AtkinsRéalis shareholders from PS&PM(2) increased by 58.3% to $135.0 million, or $0.78 per diluted share, compared to $85.3 million, or $0.49 per diluted share in Q2 2024 -item
Cash and cash equivalents as at June 30, 2025, totaled $953.1 million-item wp:list-item
The Company is adjusting its Engineering Services Regions(1) 2025 organic revenue growth(2)(3) outlook over 2024 to mid-single digit percentage, from the previous range of between 7% and 9%, reflecting lower than expected revenue growth in the USLA and AMEA segments, while raising its Nuclear revenue outlook for full year 2025 to between $2.0 billion and $2.1 billion, from the previous range of between $1.9 billion and $2.0 billion, reflecting continued strong revenue growth year-to-date and a new record-high backlog level.
All other financial outlook metrics for full year 2025, issued on March 13, 2025, in the Q4 2024 press release, and as updated on May 15, 2025, in the Q1 2025 press release, are maintained.
Professional Services & Project Management are collectively referred to as “PS&PM” to distinguish them from “Capital” activities.
We are distinctly positioned to capture significant market opportunities through an industry-leading balance sheet and the continued growing demand for our crucial capabilities to address aging infrastructures and the global shift towards a cleaner energy future.
PS&PM groups together the Company’s segments, namely Engineering Services Regions (Canada, United Kingdom & Ireland (“UKI”), United States & Latin America (“USLA”), and Asia, Middle East, & Australia (“AMEA”)), Nuclear, Linxon, and Lump-Sum Turnkey (“LSTK”) Projects, while Capital is its own reportable segment and separate from PS&PM.
Net income attributable to AtkinsRéalis shareholders in the second quarter of 2025 was $2.3 billion, compared to $82.2 million for the corresponding period in 2024.
The increase was mainly due to an after-tax gain on disposal of the Company’s remaining 6.76% interest in Highway 407 ETR of $2.2 billion.
All figures in millions of Canadian dollars, except as otherwise indicated
Certain totals and subtotals may not reconcile due to rounding
AFor the six-month period ended June 30
The Board of Directors today declared a cash dividend of $0.02 per share, unchanged from the previous quarter.
The dividend is payable on September 4, 2025 to shareholders of record on August 21, 2025.
This dividend is an “eligible dividend” for Canadian federal and provincial income tax purposes.
AtkinsRéalis will hold a webcast and conference call today at 9:00 a.m. (Eastern Time) to discuss and present its second quarter financial results.
The live webcast of the conference call can be accessed through a link posted on the Company’s website at www.atkinsrealis.com/en/investors or using this link.
To participate to the conference call, please pre-register using this link.
AtkinsRéalis will hold a webcast and conference call today at 9:00 a.m. (Eastern Time) to discuss and present its second quarter financial results. The live webcast of the conference call can be accessed through a link posted on the Company's website at www.atkinsrealis.com/en/investors or using this link. To participate to the conference call, please pre-register using this link. Registrants will receive a confirmation email with dial-in details and a unique access code required to join the live call.
A recording of the webcast and a transcript of the conference call will be available on the Company’s website within 24 hours following the call.
