News Summary

AtkinsRéalis Group Inc., formerly known as SNC-Lavalin, reported a significant profit increase, driven by its nuclear projects. The Montreal-based engineering firm saw a 52% jump in profits and a 185% increase in its nuclear work backlog, reaching a record $5.25 billion. The company’s revenue in the nuclear segment grew organically by 77% year-over-year, contributing significantly to the overall revenue increase. Key projects include a life extension contract for reactors at Ontario’s Pickering nuclear power station and a reactor at Romania’s Cernavoda nuclear plant. AtkinsRéalis raised its 2025 nuclear revenue outlook to between $1.9 billion and $2 billion and secured a $304-million loan from the federal government for its Monark reactor technology. Despite setbacks from certain construction contracts, the company maintains a positive outlook, focusing on its lucrative nuclear ventures.