Aecon Group (ARE) AGM 2025 summary

Opening remarks and agenda

• Welcomed shareholders, board members, executive team, and auditors; outlined meeting format and safety protocols.

• Acknowledged Indigenous lands and emphasized commitment to sustainable infrastructure and community collaboration.

• Agenda included financial statement review, director elections, executive compensation, auditor reappointment, and Q&A.

Financial performance review

• Reported 2024 revenue of $4.2 billion and year-end backlog of $6.7 billion, with Q1 2025 backlog reaching a record $9.7 billion.

• Achieved significant new contract awards, especially in energy transition and collaborative project models.

• 59% of 2024 revenue linked to sustainability projects; 34% reduction in GHG emissions since 2020, surpassing 2030 targets.

Board and executive committee updates

• Monica Sloan retired after 12 years of board service, recognized for her governance and leadership.

• Ten directors nominated and elected to serve until the 2026 AGM.