STANTEC (STN)

Revival Gold Inc. reported significant accomplishments in 2025, including securing strategic investments and advancing its gold development projects.

• Revival Gold secured strategic investments from Dundee Corporation and EMR Capital, contributing to its total equity financing in 2025.
• The Mercur Preliminary Economic Assessment (PEA) delivered compelling economics, projecting significant after-tax NPV and IRR, along with an average annual gold production over a 10-year mine life.
• The company advanced the Mercur project by completing a drilling program, initiating mine permit planning, and consolidating its entire 7,200-hectare land position.
• Revival Gold also reported promising metallurgical test results for Beartrack-Arnett high-grade sulphides and mobilized an ongoing core drilling program at Beartrack-Arnett.

• Stantec Inc. has been awarded the second phase of the European Commission’s Global Technical Assistance Facility (TAF) for Sustainable Energy.
• The new assignment is valued at €27.7 million (C$45.4 million) and extends Stantec’s contract until October 2028.
• This initiative, described as one of the largest of its kind awarded by the EU, involves Stantec providing technical assistance, policy and regulatory support, investment planning, and capacity building to accelerate the global energy transition across multiple regions.

• Stantec delivered robust performance in Q3 2025, with net revenue growing almost 12% to CAD 1.7 billion, driven by over 5% organic and acquisition growth.
• The company achieved strong profitability, with adjusted EBITDA growing close to 18% year over year, reaching a record 19% margin, and adjusted EPS increasing 17.7% to $1.53.
• Year-to-date operating cash flows significantly increased by 86% to CAD 551 million, and the contract backlog grew almost 15% year over year to CAD 8.4 billion, representing approximately 13 months of work.
• Stantec maintained its full-year net revenue growth guidance while increasing its adjusted EBITDA margin outlook to 17.2%-17.5% and expecting adjusted EPS growth between 18.5%-21.5% for the year.
• The company anticipates strong momentum into 2026 across all regions, driven by continued demand in water, energy transition, and infrastructure sectors, with expectations for positive organic growth in the U.S..

• Stantec reported robust Q3 2025 financial results, with net revenue growing to CAD 1.7 billion, an increase of almost 12% year-over-year, and adjusted EBITDA growing by close to 18% with a record 19% margin. Adjusted EPS saw 17.7% growth compared to Q3 2024.
• The company maintained its full-year net revenue growth guidance and increased its adjusted EBITDA margin outlook to 17.2%-17.5%. Full-year adjusted EPS growth is projected to be in the range of 18.5%-21.5%.
• Contract backlog reached CAD 8.4 billion, an almost 15% year-over-year increase, representing approximately 13 months of work. Organic growth was strong across all regions, notably 13% in water and nearly 10% in energy and resources.
• Management expressed optimism for 2026, citing strong demand drivers in water, energy transition, and infrastructure, and a robust M&A pipeline. While prioritizing M&A, share buybacks will be used opportunistically.

• Stantec reported strong Q3 2025 financial results, with net revenue growing almost 12% to CAD 1.7 billion and adjusted EPS increasing 17.7% to $1.53.
• The company achieved a record adjusted EBITDA margin of 19%, an increase of almost 18% year-over-year, driven by 5.6% organic growth and 5.2% acquisition growth.
• Key drivers of organic growth included the water business (almost 13%) and energy and resources (nearly 10%).
• Stantec's contract backlog increased by almost 15% year-over-year to CAD 8.4 billion, representing approximately 13 months of work.
• For the full year, Stantec increased its adjusted EBITDA margin outlook to 17.2%-17.5% and expects adjusted EPS growth in the range of 18.5%-21.5%.

• Stantec Inc. reported robust Q3 2025 financial results, with net revenue increasing 11.8% to $1.7 billion and adjusted diluted EPS growing 17.7% to $1.53 compared to the prior year period.
• Year-to-date Q3 2025 performance also showed significant improvement, with net revenue reaching $4.9 billion (up 10.6%) and adjusted diluted EPS at $4.05 (up 22.4%).
• Growth was fueled by 5.6% organic growth and 5.2% acquisition growth in Q3 2025, contributing to a contract backlog of $8.4 billion as of September 30, 2025, a 14.9% increase year-over-year.
• The company completed key acquisitions in 2025, notably Page Southerland Page, LLC. for $712.5 million in total consideration, enhancing its Buildings operations.
• For its 2025 outlook, Stantec projects net revenue growth of 10% to 12%, an Adjusted EBITDA margin of 17.2% to 17.5%, and Adjusted EPS growth between 18.5% and 21.5%.

• Stantec reported net revenue of $1.7 billion in Q3 2025, an 11.8% increase compared to Q3 2024.
• Adjusted EBITDA increased 17.8% to $323.4 million, with an adjusted EBITDA margin of 19.0%, a 100 basis point increase over Q3 2024.
• Diluted EPS was $1.32 and adjusted EPS was $1.53, representing increases of 46.7% and 17.7% respectively, compared to Q3 2024.
• The company's contract backlog grew to $8.4 billion at September 30, 2025, up 14.9% year-over-year.
• Stantec increased its full-year adjusted EBITDA margin guidance for 2025 to 17.2% to 17.5% from the previously published range of 17% to 17.4%.

• Stantec reported net revenue of $1.7 billion for Q3 2025, an 11.8% increase compared to Q3 2024.
• Adjusted EBITDA rose 17.8% to $323.4 million, achieving an adjusted EBITDA margin of 19.0%, a 100 basis point increase from Q3 2024.
• Adjusted EPS increased 17.7% to $1.53 in Q3 2025.
• Contract backlog reached $8.4 billion as of September 30, 2025, marking a 14.9% year-over-year growth.
• The company increased its full-year 2025 adjusted EBITDA margin guidance to a range of 17.2% to 17.5%.