Latest news with #IanL.Edwards
Cision Canada
7 days ago
- Business
- Cision Canada
AtkinsRéalis signs new execution contract for Darlington Small Modular Reactor Project Français
MONTREAL, May 28, 2025 /CNW/ - Candu Energy Inc., an AtkinsRéalis company [AtkinsRéalis Group Inc.] (TSX: ATRL), has been awarded a $450 million execution contract by Ontario Power Generation (OPG), for the first of four planned small modular reactor (SMR) units at the Darlington New Nuclear Project. The 300-megawatt BWRX-300 small modular reactor being delivered for OPG in Durham Region, east of Toronto, will supply enough power for 300,000 homes. 1 AtkinsRéalis is providing OPG with expertise for the engineering of the SMR. This includes project management, licensing, engineering, design, procurement, construction support and commissioning, as well as digital delivery capabilities in both the nuclear island and balance of plant scopes for the project. "As a world-class engineering services and nuclear organization, we are advocates for the role of SMRs in the energy mix to create stable, affordable, and reliable power grids," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "Our involvement in the G7's first grid-scale SMR and Canada's first nuclear new build in roughly 30 years reaffirms our leading position in the global nuclear energy market, for both large and small reactor technologies. Our trusted relationship with OPG supporting hydropower assets and refurbishing CANDU reactors at Darlington and Pickering will support this project's successful completion by 2030." AtkinsRéalis has been the architect-engineer on the Darlington New Nuclear Project alliance team since 2023. The Company is working alongside GE Vernova Hitachi Nuclear Energy and Aecon Kiewit Nuclear Partners. The site preparation work undertaken under an earlier validation phase contract has been completed on time and on budget. The Canadian Nuclear Safety Commission has issued a license to construct the SMR, and the Ontario government has also given its final approval for construction of the first of four planned units at the site. "AtkinsRéalis is a long-time trusted partner to OPG, including on the on-time, on budget Darlington Refurbishment Project," said Nicolle Butcher, OPG President and CEO. "We will draw on our shared experience for similar success as we build the first small modular reactor in the G7 at the Darlington New Nuclear Project site." "Ontario's power demand is expected to surge by 75% by 2050 2 and we'll need all sources of cleaner power to meet the need, including large and small nuclear reactor technology," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "Together with our alliance partners, we will ensure Canada continues to lead the G7 in advancing the use of SMR technology, as AtkinsRéalis also continues to support international SMR projects in the UK, US, and Poland." About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us LinkedIn. About AtkinsRéalis' Nuclear Sector AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Yahoo
7 days ago
- Business
- Yahoo
AtkinsRéalis signs new execution contract for Darlington Small Modular Reactor Project
MONTREAL, May 28, 2025 /CNW/ - Candu Energy Inc., an AtkinsRéalis company [AtkinsRéalis Group Inc.] (TSX: ATRL), has been awarded a $450 million execution contract by Ontario Power Generation (OPG), for the first of four planned small modular reactor (SMR) units at the Darlington New Nuclear Project. The 300-megawatt BWRX-300 small modular reactor being delivered for OPG in Durham Region, east of Toronto, will supply enough power for 300,000 homes.1 AtkinsRéalis is providing OPG with expertise for the engineering of the SMR. This includes project management, licensing, engineering, design, procurement, construction support and commissioning, as well as digital delivery capabilities in both the nuclear island and balance of plant scopes for the project. "As a world-class engineering services and nuclear organization, we are advocates for the role of SMRs in the energy mix to create stable, affordable, and reliable power grids," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "Our involvement in the G7's first grid-scale SMR and Canada's first nuclear new build in roughly 30 years reaffirms our leading position in the global nuclear energy market, for both large and small reactor technologies. Our trusted relationship with OPG supporting hydropower assets and refurbishing CANDU reactors at Darlington and Pickering will support this project's successful completion by 2030." AtkinsRéalis has been the architect-engineer on the Darlington New Nuclear Project alliance team since 2023. The Company is working alongside GE Vernova Hitachi Nuclear Energy and Aecon Kiewit Nuclear Partners. The site preparation work undertaken under an earlier validation phase contract has been completed on time and on budget. The Canadian Nuclear Safety Commission has issued a license to construct the SMR, and the Ontario government has also given its final approval for construction of the first of four planned units at the site. "AtkinsRéalis is a long-time trusted partner to OPG, including on the on-time, on budget Darlington Refurbishment Project," said Nicolle Butcher, OPG President and CEO. "We will draw on our shared experience for similar success as we build the first small modular reactor in the G7 at the Darlington New Nuclear Project site." "Ontario's power demand is expected to surge by 75% by 20502 and we'll need all sources of cleaner power to meet the need, including large and small nuclear reactor technology," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "Together with our alliance partners, we will ensure Canada continues to lead the G7 in advancing the use of SMR technology, as AtkinsRéalis also continues to support international SMR projects in the UK, US, and Poland." About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us LinkedIn. About AtkinsRéalis' Nuclear Sector AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. __________________ 1 Source: Ontario Ministry of Energy and Mines, 2 Source: Ontario Ministry of Energy and Mines, SOURCE AtkinsRéalis View original content to download multimedia:
Cision Canada
16-05-2025
- Business
- Cision Canada
AtkinsRéalis Awarded Project Management Contract to Refurbish Isle-Maligne Hydropower Plant in Quebec Français
MONTREAL, May 16, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announced today that it has been awarded a seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Quebec. AtkinsRéalis will provide execution engineering, integrated procurement, and construction management services to extend the hydropower plant's operational life for decades to come. "We've specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people," said Ian L. Edwards, President and CEO of AtkinsRéalis. Commissioned in 1926 as the world's largest hydropower plant, Isle-Maligne 1 is set to undergo a comprehensive refurbishment. AtkinsRéalis' cross-regional teams will use cutting-edge technologies and best practices to replace eight of the 12 turbine-alternator groups and upgrade corresponding water passages, along with the architectural, structural, electrical, and mechanical elements of the balance of the plant. "Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects." said Stéphanie Vaillancourt, President, Canada, AtkinsRéalis. "Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy." Past hydropower plant refurbishment mandates by AtkinsRéalis include the Rio Tinto's Shipshaw Expansion Project, OPG's Calabogie Redevelopment project, and BC Hydro's John Hart Generating Station Replacement project. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Yahoo
16-05-2025
- Business
- Yahoo
AtkinsRéalis Awarded Project Management Contract to Refurbish Isle-Maligne Hydropower Plant in Quebec
MONTREAL, May 16, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announced today that it has been awarded a seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Quebec. AtkinsRéalis will provide execution engineering, integrated procurement, and construction management services to extend the hydropower plant's operational life for decades to come. "We've specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people," said Ian L. Edwards, President and CEO of AtkinsRéalis. Commissioned in 1926 as the world's largest hydropower plant, Isle-Maligne1 is set to undergo a comprehensive refurbishment. AtkinsRéalis' cross-regional teams will use cutting-edge technologies and best practices to replace eight of the 12 turbine-alternator groups and upgrade corresponding water passages, along with the architectural, structural, electrical, and mechanical elements of the balance of the plant. "Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects." said Stéphanie Vaillancourt, President, Canada, AtkinsRéalis. "Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy." Past hydropower plant refurbishment mandates by AtkinsRéalis include the Rio Tinto's Shipshaw Expansion Project, OPG's Calabogie Redevelopment project, and BC Hydro's John Hart Generating Station Replacement project. ____________________________ 1 Source: Répertoire du patrimoine culturel du Québec, (French only) About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. SOURCE AtkinsRéalis View original content to download multimedia: Sign in to access your portfolio
Cision Canada
15-05-2025
- Business
- Cision Canada
AtkinsRéalis Reports Strong First Quarter 2025 Results Français
MONTREAL, May 15, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced its financial results for the first quarter ended March 31, 2025. AtkinsRéalis reports a strong start to the year, delivering Q1 year-over-year increases of 12% in revenue, 25% in Segment Adjusted EBIT and 50% in diluted earnings per share ("Diluted EPS"). The Company's total backlog also continued to be robust with a 17% increase compared to December 31, 2024 and a 31% increase compared to March 31, 2024, as Engineering Services Regions, Nuclear and Linxon all reached new record-high levels. "We had a strong start to the year, as the energy transition and aging infrastructure continue fueling our markets, where our unique end-to-end engineering expertise positions us for sustained growth. Nuclear performance was particularly strong as continued demand for our nuclear expertise and CANDU life extensions increased our Nuclear backlog above $5 billion for the first time in our history," said Ian L. Edwards, President and CEO of AtkinsRéalis. "While market dynamics continue to evolve, our businesses have historically been resilient and successful during times of economic uncertainty. Our focus remains on executing our Delivering Excellence, Driving Growth strategy which is underpinned by our disciplined capital deployment framework and a strong balance sheet. We closed the David Evans transaction last month and are pleased to welcome their talented team to the AtkinsRéalis family. We are now an organization of 40,000 colleagues, whom I can't thank enough for their contribution and dedication to engineering a better future for our planet and its people." Q1 2025 Financial Highlights (All results reflect comparisons to prior-year period of Q1 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")) AtkinsRéalis Services revenue (1) totaled $2.5 billion, an increase of 14.8%, or 10.1% on an organic revenue gro wth (2)(3) basis Engineering Services Regions revenue (1) totaled $1.7 billion, an increase of 1.0%, or a decrease of 3.8% on an organic revenue contraction (2)(3) basis Nuclear revenue totaled a quarterly record-high of $538.3 million, an increase of 80.3%, or 76.9% on an organic revenue gro wth (2)(3) basis Linxon revenue totaled $223.9 million, an increase of 40.9%, or 35.8% on an organic revenue gro wth (2)(3) basis AtkinsRéalis Services Segment Adjusted EBIT (1) increased by 19.9% to $223.9 million Segment Adjusted EBIT for Engineering Services Regions (1) increased by 3.3% to $150.8 million, representing a Segment Adjusted EBIT to segment revenue ratio of 8.7%. Segment Adjusted EBITDA to segment net revenue ratio (2)(4) was 14.8% Segment Adjusted EBIT for Nuclear increased by 60.8% to a quarterly record high of $62.7 million, representing a Segment Adjusted EBIT to segment revenue ratio of 11.6% Segment Adjusted EBIT for Linxon was $10.4 million, representing a Segment Adjusted EBIT to segment revenue ratio of 4.6% LSTK Projects Segment Adjusted EBIT was negative $14.9 million Adjusted EBITDA from PS&PM (2) increased by 21.0% to $211.5 million, representing an Adjusted EBITDA from PS&PM to PS&PM revenue ratio (2)(7) of 8.4%, an increase of 70 basis points AtkinsRéalis Services backlog (1) totaled $20.2 billion as at March 31, 2025, an increase of 32.2% from March 31, 2024. Backlog for Engineering Services Regions, Nuclear and Linxon all reached new record-high levels Adjusted net income attributable to AtkinsRéalis shareholders from PS&PM (2) increased by 36.2 % to $ 100.5 million, or $0.57 per diluted share, compared to $73.8 million, or $0.42 per diluted share in Q1 2024 Net income attributable to AtkinsRéalis shareholders increased by 51.9 % to $ 69.1 million, or $0.39 per diluted share, compared to $45.5 million, or $0.26 per diluted share in Q1 2024 The Company returned $ 25.7 million to shareholders through share repurchases in Q1 2025 Net cash generated from operating activities of $ 39.3 million Net limited recourse and recourse debt to Adjusted EBITDA ratio (2)(5) was 1.1 as at March 31, 2025, in line with December 31, 2024 and lower than the ratio of 1.7 as at March 31, 2024 2025 Outlook (Revised) The Company is raising its Nuclear revenue outlook for full year 2025 to between $1.9 billion and $2.0 billion, from the previous range of between $1.6 billion and $1.7 billion, reflecting strong growth year-to-date and confidence in demand continuing over the balance of the year, supported by its record backlog. The Company is also adjusting its Nuclear Segment Adjusted EBIT to segment revenue ratio outlook for full year 2025 to between 11% and 13%, from the previous range of between 12% and 14%, reflective of the 2025 expected business mix. All other financial outlook metrics for full year 2025, issued on March 13, 2025 in the Q4 2024 press release, are maintained. 2025 – 2027 Financial Targets (Revised) At its Investor Day held on June 13, 2024, the Company unveiled its 2025 – 2027 Deliver Excellence, Drive Growth Strategic Plan, and at the same time provided certain financial targets for 2025 through 2027. As a result of the strong financial and operating performance of the Nuclear segment during the first quarter of 2025, the significant increase in the Nuclear backlog and the Company's optimistic outlook regarding the global demand for the services offered by the Nuclear segment in the mid and long terms, the Company is raising its Nuclear annual revenue target to between $2.2 billion and $2.5 billion by 2027, from the previous range of between $1.8 billion and $2.0 billion. All other financial targets for 2025 – 2027, as announced on June 13, 2024, are maintained. First Quarter Financial Results Professional Services & Project Management are collectively referred to as "PS&PM" to distinguish them from "Capital" activities. PS&PM groups together the Company's segments, namely Engineering Services Regions (Canada, United Kingdom & Ireland ("UKI"), United States & Latin America ("USLA"), and Asia, Middle East, & Australia ("AMEA")), Nuclear, Linxon, and Lump-Sum Turnkey ("LSTK") Projects, while Capital is its own reportable segment and separate from PS&PM. Net income attributable to AtkinsRéalis shareholders in the first quarter of 2025 was 51.9% higher than the corresponding period in 2024, mainly due to higher Segment Adjusted EBIT from AtkinsRéalis Services, partially offset by higher Restructuring and transformation costs. IFRS Financial Highlights Non-IFRS Financial Highlights Q1 2025 A Q1 2024 A Attributable to AtkinsRéalis shareholders Adjusted net income from PS&PM (2) 100.5 73.8 Adjusted diluted EPS from PS&PM (2)(6) ($) 0.57 0.42 Adjusted EBITDA from PS&PM (2) 211.5 174.8 Segment Performance Q1 2025 A Q1 2024 A Revenues AtkinsRéalis Services Engineering Services Regions 1,736.8 1,719.0 Nuclear 538.3 298.6 Linxon 223.9 158.8 Total 2,498.9 2,176.4 LSTK Projects 32.9 81.3 Capital 13.8 6.6 2,545.7 2,264.3 Segment Adjusted EBIT AtkinsRéalis Services Engineering Services Regions 150.8 146.0 Nuclear 62.7 39.0 Linxon 10.4 1.8 Total 223.9 186.8 LSTK Projects (14.9) (13.0) Capital 9.7 1.1 218.7 174.9 Backlog as at March 31 AtkinsRéalis Services Engineering Services Regions 12,715.6 11,969.1 Nuclear 5,248.1 1,844.2 Linxon 2,220.7 1,457.2 Total 20,184.4 15,270.5 LSTK Projects 199.9 298.8 Capital 22.9 24.5 20,407.2 15,593.8 All figures in millions of Canadian dollars, except as otherwise indicated Certain totals and subtotals may not reconcile due to rounding A For the three-month period ended March 31 Quarterly Dividend The Board of Directors today declared a cash dividend of $0.02 per share, unchanged from the previous quarter. The dividend is payable on June 12, 2025 to shareholders of record on May 29, 2025. This dividend is an "eligible dividend" for Canadian federal and provincial income tax purposes. First Quarter 2025 Conference Call / Webcast AtkinsRéalis will hold a webcast and conference call today at 8:00 a.m. (Eastern Time) to discuss and present its first quarter financial results. The live webcast of the conference call can be accessed through a link posted on the Company's website at 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. Annual Meeting of Shareholders AtkinsRéalis will also hold its Annual Meeting of Shareholders (the "Meeting") today at 11:00 a.m. (Eastern Time) in the Lumi Experience offices, 1250 René-Lévesque Blvd. West, Suite 3610, Montreal, Quebec, Canada. Registered shareholders as of the close of business on March 27, 2025 and duly appointed proxyholders of record can attend the Meeting in person or online at Whether or not a shareholder plans to attend the Meeting, the Company urges all shareholders to vote and submit their proxy in advance of the Meeting by one of the methods described in the proxy materials provided to shareholders. Additional information related to the Meeting can also be found in AtkinsRéalis' 2025 Management Proxy Circular which is available on SEDAR+ at and on the Company's website at About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. Non-IFRS Financial Measures and Ratios, Supplementary Financial Measures, Total of Segments Measures and Non-Financial Information The Company reports its financial results in accordance with IFRS ® Accounting Standards ("IFRS"). However, the following non‑IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information are used by the Company in this press release: Organic revenue growth (contraction), EBITDA, Adjusted EBITDA, Segment Adjusted EBITDA, Adjusted net income (loss) attributable to AtkinsRéalis shareholders, Adjusted diluted EPS, Segment Adjusted EBITDA to segment net revenue ratio, Segment net revenue, Net limited recourse and recourse debt to Adjusted EBITDA ratio, and Net limited recourse and recourse debt, as well as certain measures for various reportable segments that are grouped together, such as Revenue, Segment Adjusted EBIT and Backlog for the various Engineering Services Regions segments and the various segments that comprise the AtkinsRéalis Services line of business. Additional details for these non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information can be found below and in Sections 4, 6 and 9 of the Company's Management's Discussion and Analysis ("MD&A") for the first quarter of 2025, which sections are incorporated by reference into this press release, filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. Non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information do not have any standardized meaning under IFRS and other issuers may define these measures differently and, accordingly, they may not be comparable to similar measures prepared by other issuers. Such non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information have limitations and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. However, management believes that, in addition to conventional measures prepared in accordance with IFRS, these non-IFRS financial measures and ratios, supplementary financial measures, total of segments measures and non-financial information provide additional insight into the Company's operating performance and financial position, and certain investors may use this information to evaluate the Company's performance from period to period. Furthermore, certain non-IFRS financial measures and ratios, certain additional IFRS measures and ratios, certain supplementary financial measures, certain total of segments measures and other non-financial information are presented separately for PS&PM, by excluding components related to Capital, as the Company believes that such measures are useful as these PS&PM activities are usually analyzed separately by the Company. Reconciliations and calculations of non-IFRS measures and ratios, supplementary financial measures, total of segments measures and non-financial information to the most comparable IFRS measures and ratios are set forth below in the section "Reconciliations and Calculations" of this press release. (1) Total of segments measure. (2) Non-IFRS financial measure or ratio or supplementary financial measure. (3) Organic revenue growth (contraction) ratio is a non-IFRS rati o comparing organic revenue (which excludes foreign exchange and acquisitions and disposals impacts), itself a non-IFRS financial measure, between two periods. See "Calculation of organic revenue growth (contraction)" in the section "Reconciliations and Calculations" of this press release for each non-IFRS financial measure used as a component of this non-IFRS ratio. (4) Segment Adjusted EBITDA to segment net revenue ratio for Engineering Services Regions is a non-IFRS ratio based on Segment Adjusted EBITDA and segment net revenue, both of which are non-IFRS financial measures. See "Calculation of Segment net revenue and Segment Adjusted EBITDA to segment net revenue ratio for Engineering Services Regions" in the section "Reconciliations and Calculations" of this press release for each non-IFRS financial measure used as a component of this non-IFRS ratio. (5) Net limited recourse and recourse debt to Adjusted EBITDA ratio is a non-IFRS ratio based on net limited recourse and recourse debt at the end of a given period and Adjusted EBITDA of the corresponding trailing twelve-month period, both of which are non-IFRS financial measures. See "Calculation of Net limited recourse and recourse debt to Adjusted EBITDA ratio" in the section "Reconciliations and Calculations" of this press release for each non-IFRS financial measure used as a component of this non-IFRS ratio. (6) Adjusted diluted EPS is a non-IFRS ratio based on adjusted net income (loss) attributable to AtkinsRéalis shareholders, itself a non-IFRS financial measure. See "Reconciliation of Adjusted net income attributable to AtkinsRéalis shareholders from PS&PM to IFRS net income attributable to AtkinsRéalis shareholders" in the section "Reconciliations and Calculations" of this press release for each non-IFRS financial measure used as a component of this non-IFRS ratio. (7) Adjusted EBITDA from PS&PM to PS&PM revenue ratio is a non-IFRS ratio based on Adjusted EBITDA from PS&PM and revenue from PS&PM, of which the Adjusted EBITDA from PS&PM is a non-IFRS financial measure. See "Reconciliation of EBITDA and Adjusted EBITDA to IFRS net income and calculation of Adjusted EBITDA to revenue ratio" in the section "Reconciliations and Calculations" of this press release for the non-IFRS financial measure used as a component of this non-IFRS ratio. Reconciliation of Adjusted net income attributable to AtkinsRéalis shareholders from PS&PM to IFRS net income attributable to AtkinsRéalis shareholders Q1 2025 Q1 2024 Before Taxes Taxes After Taxes Diluted EPS (in $) Before Taxes Taxes After Taxes Diluted EPS (in $) Net income attributable to AtkinsRéalis shareholders (IFRS) 69.1 0.39 45.5 0.26 Restructuring and transformation costs 28.5 (7.1) 21.4 4.6 (1.1) 3.4 Amortization of intangible assets related to business combinations 19.5 (3.8) 15.7 20.9 (4.1) 16.9 Acquisition-related costs and integration costs 3.7 - 3.7 0.3 - 0.3 Total adjustments 51.7 (10.9) 40.8 0.23 25.8 (5.2) 20.6 0.12 Adjusted net income attributable to AtkinsRéalis shareholders (non-IFRS) 110.0 0.63 66.1 0.38 Net income (loss) attributable to AtkinsRéalis shareholders from Capital 9.4 0.05 (7.7) (0.04) Total adjustments - - - - - - - - Adjusted net income (loss) attributable to AtkinsRéalis shareholders from Capital (non-IFRS) 9.4 0.05 (7.7) (0.04) Adjusted net income attributable to AtkinsRéalis shareholders from PS&PM (non-IFRS) 100.5 0.57 73.8 0.42 Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars, except as otherwise indicated Reconciliation of EBITDA and Adjusted EBITDA to IFRS net income and calculation of Adjusted EBITDA to revenue ratio Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars, except as otherwise indicated Components of Engineering Services Regions Q1 2025 Q1 2024 Revenues Canada 325.7 370.9 UKI 660.9 607.0 USLA 432.1 415.8 AMEA 318.1 325.4 Engineering Services Regions 1,736.8 1,719.0 Segment Adjusted EBIT Canada 16.2 15.9 UKI 75.1 61.0 USLA 39.5 39.3 AMEA 20.0 29.7 Engineering Services Regions 150.8 146.0 Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars Q1 2025 Q1 2024 Segment Adjusted EBIT – Engineering Services Regions 150.8 146.0 Depreciation and amortization – Engineering Services Regions 33.0 30.8 Segment Adjusted EBITDA – Engineering Services Regions 183.8 176.8 Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars Calculation of Segment net revenue and Segment Adjusted EBITDA to segment net revenue ratio for Engineering Services Regions Q1 2025 Q1 2024 Revenue – Engineering Services Regions 1,736.8 1,719.0 Less: Direct costs for sub-contractors and other direct expenses that are recoverable directly from clients – Engineering Services Regions 495.1 543.4 Segment net revenue – Engineering Services Regions 1,241.7 1,175.6 Segment Adjusted EBITDA – Engineering Services Regions 183.8 176.8 Segment Adjusted EBITDA to segment net revenue ratio – Engineering Services Regions 14.8 % 15.0 % Engineering Services Regions comprises Canada, UKI, USLA and AMEA segments Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars, except as otherwise indicated Calculation of organic revenue growth (contraction) Revenues Q1 2025 Revenues Q1 2024 Variance Foreign exchange impact Acquisitions / Disposals impact Organic revenue growth (contraction) Engineering Services Regions 1,736.8 1,719.0 17.8 76.8 7.1 (66.1) Nuclear 538.3 298.6 239.7 10.2 - 229.5 Linxon 223,9 158.8 65.0 8.1 - 56.9 Total – AtkinsRéalis Services 2,498.9 2,176.4 322.5 95.1 7.1 220.3 Revenues Q1 2025 Revenues Q1 2024 Variance Foreign exchange impact Acquisitions / Disposals impact Organic revenue growth (contraction) Engineering Services Regions 1,736.8 1,719.0 1.0 % 4.5 % 0.4 % (3.8) % Nuclear 538.3 298.6 80.3 % 3.4 % - 76.9 % Linxon 223.9 158.8 40.9 % 5.1 % - 35.8 % Total – AtkinsRéalis Services 2,498.9 2,176.4 14.8 % 4.4 % 0.3 % 10.1 % Revenues Q1 2024 Revenues Q1 2023 Variance Foreign exchange impact Acquisitions / Disposals impact Organic revenue growth Engineering Services Regions 1,719.0 1,470.1 249.0 21.4 (35.5) 263.0 Nuclear 298.6 244.3 54.3 3.2 - 51.1 Linxon 158.8 121.5 37.3 1.1 - 36.2 Total – AtkinsRéalis Services 2,176.4 1,835.9 340.5 25.8 (35.5) 350.3 Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars, except as otherwise indicated Calculation of Net limited recourse and recourse debt to Adjusted EBITDA ratio March 31, 2025 December 31, 2024 March 31, 2024 Limited recourse debt 399.1 399.0 398.5 Recourse debt 1,194.0 1,193.4 1,491.4 Less: Cash and cash equivalents 627.2 666.6 557.8 Net limited recourse and recourse debt 965.9 925.8 1,332.1 Adjusted EBITDA (trailing 12 months) 871.7 826.5 771.0 Net limited recourse and recourse debt to Adjusted EBITDA ratio 1.1 1.1 1.7 Note that certain totals and subtotals may not reconcile due to rounding All figures in millions of Canadian dollars, except as otherwise indicated Forward-Looking Statements References in this press release, and hereafter, to the "Company", "AtkinsRéalis", "we", "us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. and all or some of its subsidiaries or joint arrangements or associates, or AtkinsRéalis Group Inc. or one or more of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's or management's budgets, estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "aims", "anticipates", "assumes", "believes", "cost savings", "estimates", "expects", "forecasts", "goal", "intends", "likely", "may", "objective", "outlook", "plans", "projects", "should", "synergies", "target", "vision", "will", or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. Forward-looking statements in this press release include statements relating to the Company's future economic performance. Forward-looking statements also include statements relating to the following: i) future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses, project or contract-specific cost reforecasts and claims provisions, future prospects, and potential future significant contract opportunities, including those in the Nuclear segment; and ii) business and management strategies and the expansion and growth of the Company's operations. All such forward-looking statements are made pursuant to the "safe-harbour" provisions of applicable Canadian securities laws. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions and/or results could differ materially from those expressed or implied in such forward-looking statements, or could affect the extent to which a particular projection materializes. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 Annual MD&A (particularly in the sections entitled "Critical Accounting Judgements and Key Sources of Estimation Uncertainty" and "How We Analyze and Report Our Results"). If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. These risks include, but are not limited to, matters relating to: (a) contract awards and timing; (b) contract liability and execution risk; (c) backlog and contracts with termination for convenience provisions; (d) competition; (e) qualified personnel; (f) international operations; (g) risks relating to the Company's Nuclear segment; (h) research and development activities and related investments; (i) acquisition and integration of businesses; (j) divestitures and the sale of significant assets; (k) dependence on third parties; (l) supply chain disruptions; (m) joint arrangements and partnerships; (n) cybersecurity, information systems and data and compliance with privacy legislation; (o) Artificial Intelligence ("AI") and other innovative technologies; (p) being a provider of services to government agencies; (q) strategic direction; (r) professional liability or liability for faulty services; (s) monetary damages and penalties in connection with professional and engineering reports and opinions; (t) gaps in insurance coverage; (u) health and safety; (v) work stoppages, union negotiations and other labour matters; (w) epidemics, pandemics and other health crises; * global climate change, extreme weather conditions and the impact of natural or other disasters; (y) Environmental, Social and Governance ("ESG"); (z) intellectual property; (aa) ownership interests in investments; (bb) Lump-sum turnkey ("LSTK") contracts; (cc) liquidity and financial position; (dd) indebtedness; (ee) impact of operating results and level of indebtedness on financial situation; (ff) security under the CDPQ Loan Agreement (as defined in the Company's 2025 first quarter MD&A); (gg) dependence on subsidiaries to help repay indebtedness; (hh) dividends; (ii) post-employment benefit obligations, including pension-related obligations; (jj) working capital requirements; (kk) collection from customers; (ll) impairment of goodwill and other non-current intangible and tangible assets; (mm) the impact on the Company of legal and regulatory proceedings, investigations and dispute settlements; (nn) employee, agent or partner misconduct or failure to comply with anti-corruption and other government laws and regulations; (oo) reputation of the Company; (pp) inherent limitations to the Company's control framework; (qq) regulatory framework; (rr) global economic conditions; (ss) inflation; (tt) fluctuations in commodity prices; and (uu) income taxes. The Company cautions that the foregoing list of factors is not exhaustive. For more information on risks and uncertainties, and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the sections "Risks and Uncertainties", "How We Analyze and Report Our Results" and "Critical Accounting Judgements and Key Sources of Estimation Uncertainty" in the Company's 2024 Annual MD&A and as may be updated from time to time in the Company's 2025 interim quarterly MD&A filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any written or oral forward-looking information or statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. For More Information: The Company's unaudited interim condensed consolidated financial statements for the three-month periods ended March 31, 2025 and 2024, together with its Management's Discussion and Analysis for the corresponding periods, can be accessed on the Company's website at and on
