North American Construction Group CEO Joe Lambert says the company is “locked and loaded” to finish 2025 strongly on the back of good momentum in its Australian business and improving gross margins in Canada.
New York Stock Exchange-listed NACG reported a 11% year-on-year rise in September-quarter revenue to C$317.2 million. Net income was up 19% yoy at $17.3 million.
For the first nine months of 2025 revenue was $978.7 million compared with $860 million last year, while net income was down at $33.7 million ($40.5 million).
“In Canada, gross margin improved by 4.8% as steady operations replaced the temporary shutdowns experienced in the prior quarter,” NACG said of the latest period.
“Australia revenue increased 26% to $188.5 million from $149.5 million, driven by a 20% expansion in fleet size, strong operational performance under favourable weather and higher volumes from three major Australian contracts secured over the past year.
“Overall combined gross margin improved 5.7%, from 8.9% to 14.6%, reflecting operational consistency, improved cost control across the business and enhanced heavy equipment productivities.”
Alberta-headquartered NACG provides heavy civil construction and mining services in Canada, Australia and the US.
