Aecon Group Inc. reported a substantially larger second-quarter loss despite posting stronger revenue and maintaining a robust project backlog, as the company continues to position itself for growth in the year ahead.
The Toronto-based construction and infrastructure company recorded a loss attributable to shareholders of $108.1 million during the quarter ended June 30, compared with a $7.6 million loss in the same period of 2025.
On a diluted basis, the company reported a loss of $1.58 per share, widening significantly from the 12-cent loss per share posted a year earlier.
Aecon reported revenue of $1.6 billion, up from $1.3 billion in the second quarter of last year, as project activity improved across its business, but earnings were weaker.
The company ended the quarter with a project backlog of $10.5 billion, only slightly below the $10.7 billion reported during the same period in 2025. Aecon said the backlog, combined with other business indicators, supports its expectation of double-digit revenue growth in 2026.
President and CEO Jean-Louis Servranckx said the company strengthened its market position during the quarter by securing new contracts in sectors with strong long-term demand, reinforcing confidence in Aecon’s future growth pipeline.
Although quarterly earnings were affected by a significantly larger loss, the company believes its expanding revenue base, substantial backlog and continued contract wins provide a solid foundation for sustained business growth in the coming year.
