AtkinsRéalis Group (ATRL) investor relations material

Executive summary

• Achieved Q2 revenue of $3.0 billion (CAD 3 billion), up 10% year-over-year, with adjusted EBITDA rising 14% to $293 million and adjusted EPS up 20% to $0.97; organic revenue growth was 8.3%.

• Backlog reached $20.2 billion, with engineering services backlog at a record $13.4 billion; nuclear segment revenue grew 18% and outlook for 2026 was raised to $2.7 billion.

• Strategic acquisitions in Australia and Ireland, and AI integration, expanded presence in high-growth markets and enhanced technology leadership.

• Returned $245 million to shareholders via share repurchases and dividends in Q2 2026.

• Board strengthened with technology and AI expertise.

Financial highlights

• Q2 total revenue: $3.0 billion, up 10% year-over-year; organic revenue growth was 8.3%.

• Adjusted EBITDA: $293 million, up 14% year-over-year; margin at 9.8%.

• Adjusted EPS: $0.97, up 20% from $0.81 in Q2 2025.

• Net cash from operating activities: $84 million, significantly improved year-over-year.

• Corporate SG&A expenses: $28 million, a 24% improvement year-over-year.

Outlook and guidance

• Raised 2026 nuclear revenue outlook to approximately $2.7 billion (from $2.5 billion).

• Engineering services regions organic growth expected toward the lower end of the 5% range due to Middle East conflict.

• 2027 nuclear revenue guidance remains $2.6–3 billion, aiming for the top half of the range.

• Net cash from operating activities forecasted at ~$500 million for 2026.

• Effective tax rate expected between 25–30%.