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AtkinsRéalis Achieves Record Nuclear Growth, Raises 2025 Revenue Outlook

The engineering firm reported a 52% profit surge in Q1 2025, driven by a booming nuclear segment, significant contract wins, and reduced losses in legacy construction projects.

AtkinsRéalis headquarters are seen in Montreal, Friday, Nov. 10, 2023. THE CANADIAN PRESS/Christinne Muschi

Overview

  • AtkinsRéalis reported Q1 2025 net income of $70.6 million, up from $46.6 million a year earlier, with revenue rising 12% to $2.55 billion.
  • The company's nuclear segment saw 77% organic growth, contributing $538 million in revenue and driving a 52% increase in overall profits.
  • AtkinsRéalis raised its 2025 nuclear revenue forecast to $1.9–2.0 billion, up from its previous range of $1.6–1.7 billion, citing strong demand and a record $5.25 billion nuclear backlog.
  • Subsidiary Candu Energy secured major life extension contracts for reactors in Ontario and Romania, alongside a $304 million federal loan for its Monark reactor project.
  • Losses from the legacy lump-sum turnkey construction segment fell to $14.9 million, a significant improvement from $84.4 million in the previous quarter.