�������������:��BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2026 FIRST QUARTER FINANCIAL RESULTS

Ģ����ý. (TSX: BDT) announced today that it will release its 2026 first quarter financial results after market close on Wednesday, May 13, 2026. A conference call and live webcast to discuss the results will be held on Thursday, May 14, 2026 at 10:00 a.m. (ET).

Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call.

Participants are invited to register for expedited access to the conference call:

Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
The live webcast will be held at:

The accompanying presentation of the 2026 first quarter financial results call and all related financial documents will be available after market close on Wednesday, May 13, 2026 at /investors.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 105 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.. www.bird.ca

The post Ģ����ý. Announces Release Date and Conference Call for 2026 First Quarter Financial Results appeared first on Ģ����ý Construction.

“In 2025, Ģ����ý successfully navigated near‑term revenue timing shifts while continuing to progress margins and strengthen the business. Strong demand across our key strategic sectors drove record combined backlog with accretive embedded margins, providing historic levels of forward visibility into revenue and earnings growth. Through disciplined project selection, expanded self‑perform capabilities from the acquisition of Fraser River Pile & Dredge, and major project awards, we further strengthened our platform and broadened our participation across industrial, maintenance, buildings, and infrastructure markets,” stated Teri McKibbon, President and CEO of Ģ����ý Construction. “Ģ����ý remains strongly positioned for Canada’s long‑duration nation‑building investment cycle, including large‑scale capital investment energy projects such as LNG and nuclear, as well as infrastructure renewal across defence, healthcare, transportation and trade. With record liquidity and a strong balance sheet, Ģ����ý enters 2026 with flexibility, visibility, and momentum.”

FINANCIAL HIGHLIGHTS

Ģ����ý’s fourth quarter of 2025 saw strong execution on the Company’s work programs, with continued accretion of Gross Profit margins compared to the prior year driven by the Company’s strategic focus on key sectors with long-term demand drivers and disciplined project selection. As anticipated, revenue for the quarter was lower than 2024 driven by the ongoing impact of previously disclosed delays in the start of certain contracted projects, resulting in full-year revenue in line with last year. The Company’s Backlog remained at record levels of $5.1 billion at year-end, and Pending Backlog grew to over $6.0 billion with the renewal and award of several recurring revenue master service agreement (“MSA”) contracts and award of collaborative contracts in the quarter. Ģ����ý’s risk-balanced combined backlog reflects higher margins than a year ago, and along with the robust bidding environment in Ģ����ý’s key sectors gives the Company confidence in achieving growth and further profitability enhancement in 2026 and 2027.

During the quarter, Ģ����ý also completed the acquisition of Fraser River Pile & Dredge (“FRPD”), adding marine construction and land foundation self-perform capabilities to the Company’s comprehensive portfolio of services and scopes. The addition of FRPD’s experienced team complements Ģ����ý’s experience in delivering complex infrastructure, industrial and institutional projects, and expands the Company’s opportunities to participate in upcoming nation building initiatives and infrastructure investments.

The Company also recognized an impairment loss of $62.2 million on accounts receivable and contract assets related to a single customer during the quarter based on concerns around the customer’s creditworthiness and ability to collect the amounts. As previously disclosed, the sole project for this customer is substantially complete and no further costs are expected to be incurred.

Full-Year 2025 compared to Full-Year 2024

• Construction revenue of $3,396.8 million was earned in 2025, compared to $3,397.3 million earned in 2024.
• Net income and earnings per share for the year ended December 31, 2025 were $47.4 million and $0.86, compared to $100.1 million and $1.84 in 2024.
• Adjusted Earnings¹ and Adjusted Earnings Per Share were $107.7 million and $1.94 for full-year 2025, compared to $111.3 million and $2.04 in the prior year.
• Adjusted EBITDA¹ for the year ended December 31, 2025 was $222.1 million, or 6.5% of revenues, compared to $212.8 million, or 6.3% of revenues in 2024.

Fourth Quarter 2025 compared to Fourth Quarter 2024

• Construction revenue of $877.0 million was earned in Q4 2025 compared to $936.7 million earned in the fourth quarter of 2024.
• Net loss and loss per share were $14.0 million and $0.25 in Q4 2025, compared to $32.5 million net income and $0.59 earnings per share in Q4 2024.
• Adjusted Earnings¹and Adjusted Earnings Per Share were $31.8 million and $0.57 in Q4 2025, compared to $37.3 million and $0.67 in Q4 2024.
• Adjusted EBITDA¹ of $66.2 million, or 7.5% of revenues in Q4 2025, compared to $71.9 million, or 7.7% of revenues in Q4 2024.

HIGHLIGHTS

• Full year construction revenue of $3,396.8 million was comparable year-over-year, reflecting the impacts of previously disclosed delays in the self-perform Industrial work programs during the year. Revenue growth in Infrastructure delivered strong contributions for the year, benefitting from organic growth in the Company’s mining work programs and the commencement of construction on the East Harbour Transit Hub, in addition to contributions from recent acquisitions, including a full year of Jacob Bros results and the acquisition of FRPD in October 2025.
• The Company’s margin profile in the fourth quarter of 2025 continued to improve compared to last year, with Gross Profit Percentage increasing to 11.1% compared to 10.3%. Adjusted EBITDA Margin decreased slightly to 7.5% compared to 7.7% in 2024. On a full-year basis, Gross Profit Percentage was 10.5% compared to 9.7% in 2024, and Adjusted EBITDA Margin was 6.5% compared to 6.3%.
• The Company’s Backlog of contracted work grew to $5.1 billion at year end, benefiting from over $932.3 million in securements and other additions in the fourth quarter ($4.7 billion year-to-date), including new awards and conversions of Pending Backlog. Ģ����ý’s Pending Backlog of work awarded but not yet contracted was $6.0 billion at quarter-end and includes over $1.5 billion of recurring revenue contracts, primarily consisting of multi-year MSA, maintenance, task order, and similar contractual arrangements to be earned over the next five years.
• Ģ����ý generated $67.5 million in operating cash flow before investments in non-cash working capital in the fourth quarter. Seasonal unwinding of non-cash working capital balances in the quarter generated a further $122.3 million of cash, bringing total cash flows from operating activities to $189.9 million for the quarter and $113.1 million for the full year.
• The Company’s liquidity position remains strong at December 31, 2025, with $167.0 million of cash and cash equivalents, and an additional $399.5 million available under the Company’s Syndicated Credit Facility, to support ongoing investments in non-cash working capital, project-driven capital expenditures, and potential acquisitions to further expand service offerings and self-perform capabilities.
• On October 10, 2025, Ģ����ý completed the previously disclosed acquisition of British Columbia based FRPD for cash consideration of $84.6 million. The acquisition of FRPD adds expertise in marine infrastructure, land foundations and dredging to Ģ����ý’s self-perform capabilities, and broadens the solutions that Ģ����ý delivers to clients.
• In connection with the closing of the FRPD acquisition on October 10, 2025, the Company borrowed $212.5 million under a new term loan facility, which was used to repay the existing term loan, fund the acquisition of FRPD, and repay amounts outstanding under the Company’s revolving credit facility.
• During the fourth quarter of 2025, the Company announced the award of multiple projects and agreements totaling approximately $1.2 billion, spanning major industrial capital investment projects and a series of significant new and renewed multi-year MSA contracts with both new and existing clients. The awards included: a new five-year recurring revenue MSA for complex critical scope mechanical services with a major long-standing Oil and Gas client; multiple MSA extensions and new awards, including a two-year extension to a significant existing electrical services agreement, a three-year renewal with scope expansion with an existing customer, a three-year renewal for mechanical maintenance, turnarounds, and projects with a long-term client, and a new three-year mechanical services MSA; through the Company’s 2Nations Ģ����ý partnership, fabrication, delivery, construction, and commissioning of five non-process infrastructure buildings at BHP’s Jansen potash project; and a new contract award focused on critical process work for the ethane cracking unit located within the hydrocarbon processing area at Dow’s Path2Zero Program in Fort Saskatchewan, Alberta.
• Subsequent to the quarter end, the Company announced that, through a consortium, it was selected by Alberta Infrastructure as the preferred proponent for the Design-Build-Finance-Maintain (DBFM) contract for six Alberta elementary and junior high schools, and the project had reached financial close. The project has a total combined contract value of approximately $323 million.
• The Board has declared eligible dividends of $0.07 per common share for each of March 2026 and April 2026.

CONFERENCE CALL AND WEBCAST

Ģ����ý will host conference call and live webcast on Thursday, March 12, 2026 at 10:00 a.m. (ET) to discuss the Company’s results. Analysts and investors may connect to the webcast at . Participants are invited to register for expedited access to the conference call: . Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Attendees are asked to be on the line 10 minutes prior to the start of the call. The presentation can also be found on our website at /investors.

The Company’s Financial Statements and Management’s Discussion & Analysis (“MD&A”) will be filed and available on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) at and on the Company’s website at .

TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES

Throughout this News Release, certain terminology and financial measures are used that do not have standard meanings under IFRS and are considered specified financial measures. These include non-GAAP financial measures, non-GAAP financial ratios, and supplementary financial measures. These measures may not be comparable with similar measures presented by other companies. Further information on these financial measures can be found in the “Terminology and Non-GAAP & Other Financial Measures” section in Ģ����ý’s most recently filed Management’s Discussion & Analysis for the period ended December 31, 2025, prepared as of March 11, 2026. This document is available on Ģ����ý’s SEDAR+ profile, at and on the Company’s website at .

“Backlog” is the total value of all contracts awarded to the Company, less the total value of work completed on these contracts as of the date of the most recently completed quarter. The Company’s Backlog equates to the Company’s remaining performance obligations as at December 31, 2025 and December 31, 2024.“Adjusted Earnings” and “Adjusted EBITDA” are non-GAAP financial measures. “Adjusted Earnings Per Share” and “Adjusted EBITDA Margin” are non-GAAP financial ratios. “Pending Backlog” is a supplementary financial measure.

Adjusted Earnings and Adjusted EBITDA are reconciled as follows:

FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements and information (“forward-looking statements”) within the meaning of applicable Canadian securities laws. The forward-looking statements contained in this news release are based on the expectations, estimates and projections of management of Ģ����ý as of the date of this news release unless otherwise stated. The use of any of the words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “outlook”, “potential”, “estimated”, “intends”, “continue”, “may”, “will”, “should”, “poised”, “sees” and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this document may contain forward-looking statements concerning: anticipated financial performance; the outlook for growth and profitability enhancement in 2026 and 2027; expected dividend payout ratios; expectations with respect to anticipated revenue growth and seasonality, growth in earnings, cash flow, earnings per share and Adjusted EBITDA in 2026 and beyond; the Company’s ability to capitalize on opportunities, and whether successful awards will be sufficient to maintain or grow Backlog; the Company’s ability to successfully expand in target markets, their long-term demand, their economic resilience, and their profitability; the Company’s ability to successfully expand scopes of work and capture opportunities on LCIP’s; future opportunities related to the acquisition of FRPD; expectations regarding the FRPD acquisition impact to Ģ����ý’s business, anticipated financial performance of FRPD and its impact to the Company’s operations and financial performance, including the anticipated accretive value to Ģ����ý; the timing and duration of industrial maintenance deferrals by some customers; the timing and extent of clients slowing future spending commitments; the sufficiency of working capital and liquidity to support growth, contract security needs, and finance future capital expenditures or M&A; and with respect to Ģ����ý’s ability to convert Pending Backlog to Backlog and the timing of conversions.

Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: estimating costs and schedules/assessing contract risks, ability to hire and retain qualified and capable personnel, availability and performance of subcontractors, design risks, quality assurance and quality control, economy and cyclicality, competitive factors, maintaining safe work sites, ability to secure work, adjustments and cancellations of backlog, joint arrangement risk, acquisition and integration risk, accuracy of cost to complete estimates, completion and performance guarantees, information systems and cyber-security risk, climate change risks and opportunities, litigation/potential litigation, ethics and reputational risk, global pandemics, potential for non-payment, access to capital, access to surety support and other contract security, work stoppages, strikes and lockouts, compliance with environmental laws, insurance risk, and internal and disclosure controls.

Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on other factors that could affect the operations or financial results of the parties, and the combined company are included in reports on file with applicable securities regulatory authorities, including but not limited to; Ģ����ý’s Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2025, each of which may be accessed on Ģ����ý’s SEDAR+ profile, at www.sedarplus.ca and on the Company’s website at www.bird.ca.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as, and to the extent required by applicable securities laws.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT)  is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

¹Adjusted Earnings and Adjusted EBITDA are non-GAAP financial measures. See “Terminology and Non-GAAP & Other Financial Measures.”

The post Ģ����ý Reports 2025 Fourth Quarter Results; $11 Billion Combined Backlog and Pending Backlog appeared first on Ģ����ý Construction.

SUBJECT: BIRD CONSORTIUM ACHIEVES FINANCIAL CLOSE FOR SIX ALBERTA SCHOOLS UNDER DBFM CONTRACT

Ģ����ý. (TSX: BDT) announced today that Concert-Ģ����ý Partners, a consortium comprised of Ģ����ý Capital Limited Partnership, Ģ����ý Design-Build Construction Inc., Wright Construction Western Inc., Concert Infrastructure Ltd., Ainsworth Inc., and BR2 Architecture Inc., was selected by Alberta Infrastructure as the preferred proponent for the Design-Build-Finance-Maintain (DBFM) contract for six Alberta elementary and junior high schools, and the project has now reached financial close. The project has a total combined contract value of approximately $323 million.

Through a public-private partnership (P3) model, Concert-Ģ����ý Partners will deliver six new elementary and junior high schools across Alberta, including three in Edmonton and one each in Calgary, Airdrie, and Cochrane. Once complete, the schools will accommodate more than 5,300 students and will include approximately 490,000 sq. ft. of permanent structure space.

“Ģ����ý’s long-standing partnership with Concert Infrastructure reflects a shared track record of successfully delivering multi-school programs under P3 models in Alberta and Saskatchewan,” said Teri McKibbon, President and CEO of Ģ����ý. “While Ģ����ý is increasingly shifting our focus to collaborative contracting models, certain projects with characteristics like this one remain well suited to the P3 delivery model. These include greenfield developments, repeatable and standardized designs, and clear scope definition. Supported by our experience delivering more than 50 schools under similar frameworks alongside partners such as Concert, the P3 model is consistent with our disciplined approach to risk. We are proud to apply this combined experience to a project that will deliver lasting benefits for students and communities across Alberta.”

About Ģ����ý Construction

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 105 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

This press release contains forward-looking information (as defined in applicable Canadian securities legislation), including information about anticipated revenues and margin expansion, the expected benefits of the Company’s acquisitions, and the Company’s achievement of its strategic plan targets. This forward-looking information is based on currently available competitive, financial and economic data but is subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information. These risks, uncertainties and other factors are described in greater detail in the “Risk Factors” section of the Company’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2024, which is filed under the Company’s profile on SEDAR+ (). Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 

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�������������:��BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2025 FOURTH QUARTER AND ANNUAL FINANCIAL RESULTS

Ģ����ý. (TSX: BDT) announced today that it will release its 2025 fourth quarter and annual financial results after market close on Wednesday, March 11, 2026. A conference call and live webcast to discuss the results will be held on Thursday, March 12, 2026 at 10:00 a.m. (ET).

Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call.

Participants are invited to register for expedited access to the conference call:

Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
The live webcast will be held at:

The accompanying presentation of the 2025 fourth quarter and annual financial results call and all related financial documents will be available after market close on Wednesday, March 11, 2026 at /investors.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 105 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.www.bird.ca

The post Ģ����ý. Announces Release Date and Conference Call for 2025 Fourth Quarter and Annual Financial Results appeared first on Ģ����ý Construction.

SUBJECT: BIRD AWARDED $1.2B ACROSS INDUSTRIAL AND INDUSTRIAL MAINTENANCE TEAMS

Ģ����ý. (TSX: BDT) is pleased to announce the award of multiple projects and agreements totaling approximately $1.2 billion, spanning major industrial capital investment projects and a series of significant new and renewed multi-year master service agreements (MSA) with both new and existing clients.

• Ģ����ý’s Industrial Maintenance team, through its existing Indigenous Limited Partnership between Stuart Olson and Infinity Métis Corporation, has secured a new five-year recurring revenue MSA for complex critical scope mechanical services with a major long-standing Oil and Gas client. The five-year MSA award highlights the strategic impact of Ģ����ý’s 2024 acquisition of NorCan Electric, which strengthened the Industrial Maintenance team’s electrical and instrumentation presence and expanded its mechanical service offering. This diversified platform unlocked cross selling opportunities and the full potential of our self-perform solution across the client’s regional assets. Our shared commitment to safety, high-quality client service, and a collaborative approach has created sustained, long-term value in a client relationship that spans more than 70 years.
• Ģ����ý’s Industrial Maintenance team also secured multiple MSA extensions and new awards, including a two-year extension to a significant existing electrical services agreement, a three-year renewal with scope expansion with an existing customer, a three-year renewal for mechanical maintenance, turnarounds, and projects with a long-term client, and a new three-year mechanical services MSA marking an expansion into the mid-stream sector.
• Ģ����ý, through its 2Nations Ģ����ý partnership, has been selected to deliver additional work at BHP’s Jansen potash project, one of Canada’s most significant resource projects. The new scope includes fabrication, delivery, construction, and commissioning of five non-process infrastructure buildings, expanding on previous awards for concrete foundations, site services, and tailings management. This award highlights Ģ����ý’s strategic involvement on large capital investment projects from early project development through full life-cycle delivery, while creating long-term value through collaborative delivery and Indigenous partnerships.
• Building on previously announced work at Dow’s Path2Zero Program in Fort Saskatchewan, Alberta, Ģ����ý was selected for a new contract award focused on critical process work for the ethane cracking unit located within the hydrocarbon processing area. The scope of work includes mechanical, structural, piping, buildings, and insulation works followed by pre-commissioning activities.

“These significant awards across our Industrial Maintenance and Industrial businesses highlight the strength of our industrial work program and reinforce the value of establishing an early presence on large capital investment projects, which positions us for increasing scope as these projects advance,” said Teri McKibbon, President & CEO of Ģ����ý. “The sizeable new MSA in partnership with Infinity Métis Corporation exemplifies the power of Ģ����ý’s tuck-in M&A strategy, adding highly aligned, self-perform businesses that act as catalysts for growth. Regardless of size, these acquisitions deliver outsized benefits when integrated with our strong foundation, expanding self-perform capabilities, unlocking new opportunities, and supporting both revenue growth and margin accretion in line with our 2027 Strategic Plan. Equally important, we remain committed to meaningful Indigenous partnerships, ensuring we support sustainable opportunities and long-term relationships in the region and across Canada.”

About Ģ����ý Construction

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

This press release contains forward-looking information (as defined in applicable Canadian securities legislation), including information about anticipated revenues and margin expansion, the expected benefits of the Company’s acquisitions, and the Company’s achievement of its strategic plan targets. This forward-looking information is based on currently available competitive, financial and economic data but is subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information. These risks, uncertainties and other factors are described in greater detail in the “Risk Factors” section of the Company’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2024, which is filed under the Company’s profile on SEDAR+ (). Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 

The post Ģ����ý Awarded $1.2B Across Industrial and Industrial Maintenance Teams appeared first on Ģ����ý Construction.

SUBJECT: BIRD REPORTS 2025 THIRD QUARTER RESULTS; RECORD $10 BILLION COMBINED BACKLOG AND PENDING BACKLOG ANNOUNCES 2025

“Sustained demand in Ģ����ý’s key strategic sectors, along with the Company’s proven track record in delivering complex institutional, industrial and infrastructure projects, helped drive Ģ����ý’s combined Backlog and Pending Backlog to over $10.0 billion at September 30, 2025. Continuing to reflect favourable margins to a year ago, the combination of Backlog and Pending Backlog give Ģ����ý line of sight into future revenue growth and margin accretion and further conviction in achieving our 2027 strategic targets.” stated Teri McKibbon, President and CEO of Ģ����ý Construction. “Ģ����ý’s extensive self-perform capabilities, bolstered by strategic acquisitions such as the recently completed acquisition of Fraser River Pile & Dredge, have positioned the Company to pursue and win work related to nation-building infrastructure initiatives, as well as planned investments in defence, healthcare, nuclear and data centres.”

FINANCIAL HIGHLIGHTS

Demand in Ģ����ý’s key sectors remained robust in the third quarter, with securements of over $1.3 billion in additional contracted work increasing the Company’s Backlog to over $5.0 billion for the first time in the Company’s history. In addition, significant collaborative awards and extensions of recurring maintenance programs grew the Company’s Pending Backlog by over $1.2 billion in the quarter to over $5.0 billion. Economic uncertainty continued to impact third quarter revenue, which grew modestly by 5.8% compared to last year, due to the previously disclosed delays in the self-perform Industrial work program and delays in the start of certain contracted projects in the quarter. The Company’s balance sheet is healthy and maintains the flexibility to strategically pursue attractive acquisitions in the current active M&A environment, such as the recent acquisition of Fraser River Pile & Dredge, Canada’s largest marine infrastructure, land foundation and dredging company. The addition of marine construction to the Company’s already comprehensive self-perform capabilities and experience in delivering complex infrastructure, industrial and institutional projects expands the Company’s opportunities to participate in upcoming nation building initiatives and infrastructure investments.

Third Quarter 2025 compared to Third Quarter 2024

• Construction revenue of $951.4 million was earned in Q3 2025 compared to $898.9 million earned in the prior year quarter, representing a 5.8% increase year-over-year.
• Net income and earnings per share were $31.7 million and $0.57 in Q3 2025, compared to $36.2 million and $0.66 in Q3 2024.
• Adjusted Earnings¹ and Adjusted Earnings Per Share were $35.4 million and $0.64 in Q3 2025, compared to $39.3 million and $0.72 in Q3 2024.
• Adjusted EBITDA¹ of $66.9 million, or 7.0% of revenues in Q3 2025, compared to $70.1 million, or 7.8% of revenues in Q3 2024.

Year-to-Date 2025 compared to Year-to-Date 2024

• Construction revenue of $2,519.8 million was earned in the nine months of 2025, compared to $2,460.7 million earned in 2024.
• Net income and earnings per share for the nine months of 2025 were $61.4 million and $1.11, compared to$67.6 million and $1.25 in 2024.
• Adjusted Earnings¹ and Adjusted Earnings Per Share were $75.9 million and $1.37 year-to-date in 2025, compared to $74.0 million and $1.36 in the prior year.
• Adjusted EBITDA¹ for the nine months of 2025 was $155.9 million, or 6.2% of revenues, compared to$140.9 million, or 5.7% of revenues in 2024.

HIGHLIGHTS

• Ģ����ý’s revenue grew 5.8% in the third quarter of 2025 compared to the third quarter of 2024, with organic growth representing over 60% of the growth. The growth was achieved despite the impacts of previously disclosed delays in the self-perform Industrial work program resulting from ongoing economic uncertainty.
• The Company’s Backlog of contracted work grew to $5.0 billion at quarter end, benefiting from over $1.3 billion in securements in the third quarter, including new awards and conversions of Pending Backlog. Year-to-date securements exceeded $3.8 billion, higher than both securements and revenue for full-year 2024. Ģ����ý’s Pending Backlog of work awarded but not yet contracted was $5.0 billion at quarter-end and continues to include over $700 million of master service agreement (“MSA”) and other recurring revenue to be earned over the next five years.
• Ģ����ý generated $69.8 million in operating cash flow before investments in non-cash working capital in the third quarter. Seasonal investments in non-cash working capital, driven by the ramp up of the Company’s work programs and increasing self-perform work, are expected to unwind over the fourth quarter 2025 as experienced in prior years.
• The Company’s liquidity position remains strong at September 30, 2025, with $113.9 million of cash and cash equivalents, and an additional $281.7 million available under the Company’s Syndicated Credit Facility, to support ongoing investments in non-cash working capital, project-driven capital expenditures, and potential acquisitions to further diversify service offerings and self-perform capabilities.
• On September 3, 2025, Ģ����ý announced that it had entered into an agreement to acquire Fraser River Pile & Dredge (“FRPD”) for estimated aggregate consideration of $82.3 million. FRPD is Canada’s oldest and largest privately-owned marine construction, land foundation and dredging company with substantial self-perform capabilities. Founded in 1911, FRPD has an experienced workforce of over 300 salaried, hourly and craft personnel, a versatile marine and land construction equipment fleet, and a specialized construction skillset that is well suited to Canada’s growing demand for infrastructure, including nation-building projects. The transaction, which was subject to regulatory approval and satisfaction of other customary closing conditions, successfully closed on October 10, 2025.
• During the third quarter of 2025, the Company announced that it was selected by Infrastructure Ontario as the Preferred Proponent to design and build the Peel Memorial Hospital Phase 2 Redevelopment project in Ontario using a collaborative contracting model with a target price. The overall timeline and project value will be determined through a development phase which commenced in October 2025.
• Subsequent to the quarter end, the Company became aware of circumstances that arose after the end of the quarter that led it to be concerned about the creditworthiness of a customer. The Company has substantially completed its sole project for this customer and no further material costs are expected to be incurred. At the end of the third quarter, accounts receivable and contract assets related to the customer amounted to $32.8 million and $29.4 million, respectively, and the Company is in active discussions with the client to determine to what extent, if any, an impairment of these amounts may be required in the fourth quarter of 2025. Please refer to the risk Potential for Non-Payment in the Risks Relating to the Business section of the Company’s Management’s Discussion & Analysis for the year ended December 31, 2024, dated March 12, 2025.
• The Board has declared eligible dividends of $0.07 per common share for each of November 2025, December 2025, January 2026 and February 2026.

CONFERENCE CALL AND WEBCAST

Ģ����ý will host an investor webcast to discuss the quarterly results on Thursday, November 13, 2025 at 10:00 a.m. ET, to discuss the Company’s results. Analysts and investors may connect to the webcast at . Participants are invited to register for expedited access to the conference call:. Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Attendees are asked to be on the line 10 minutes prior to the start of the call. The presentation can also be found on our website at /investors.

The Company’s Financial Statements and Management’s Discussion & Analysis (“MD&A”) will be filed and available on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca and on the Company’s website at .

TERMINOLOGY AND NON-GAAP & OTHER FINANCIAL MEASURES

Throughout this News Release, certain terminology and financial measures are used that do not have standard meanings under IFRS and are considered specified financial measures. These include non-GAAP financial measures, non-GAAP financial ratios, and supplementary financial measures. These measures may not be comparable with similar measures presented by other companies. Further information on these financial measures can be found in the “Terminology and Non-GAAP & Other Financial Measures” section in Ģ����ý’s most recently filed Management’s Discussion & Analysis for the period ended September 30, 2025, prepared as of November 12, 2025. This document is available on Ģ����ý’s SEDAR+ profile, at and on the Company’s website at .

“Backlog” is the total value of all contracts awarded to the Company, less the total value of work completed on these contracts as of the date of the most recently completed quarter. The Company’s Backlog equates to the Company’s remaining performance obligations as at September 30, 2025 and December 31, 2024.

“Adjusted Earnings” and “Adjusted EBITDA” are non-GAAP financial measures. “Adjusted Earnings Per Share” and “Adjusted EBITDA Margin” are non-GAAP financial ratios. “Pending Backlog” is a supplementary financial measure.

Adjusted Earnings and Adjusted EBITDA are reconciled as follows:

FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements and information (“forward-looking statements”) within the meaning of applicable Canadian securities laws. The forward-looking statements contained in this news release are based on the expectations, estimates and projections of management of Ģ����ý as of the date of this news release unless otherwise stated. The use of any of the words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “outlook”, “potential”, “estimated”, “intends”, “continue”, “may”, “will”, “should”, “poised”, “sees” and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this document may contain forward-looking statements concerning: anticipated financial performance; the outlook for 2025; expectations for Adjusted EBITDA Margins in 2025 and beyond; expected dividend payout ratios; expectations with respect to anticipated revenue growth and seasonality, growth in earnings, cash flow, earnings per share and Adjusted EBITDA in 2025 and beyond; the Company’s ability to capitalize on opportunities, and whether successful awards will be sufficient to maintain or grow Backlog; the Company’s ability to successfully expand into target markets, their long-term demand, their economic resilience, and their profitability; the Company’s ability to successfully expand scopes of work in targeted LCIP’s; future opportunities related to the acquisition of FRPD; expectations regarding the FRPD acquisition impact to Ģ����ý’s business, anticipated financial performance of FRPD and its impact to the Company’s operations and financial performance, including the anticipated accretive value to Ģ����ý; the timing and duration of industrial maintenance deferrals by some customers; the timing and extent of clients slowing future spending commitments; the timing and extent of any impairment of accounts receivable and contract assets related to a customer that notified the Company of a potential insolvency event in the fourth quarter; the sufficiency of working capital and liquidity to support growth, contract security needs, and finance future capital expenditures or M&A; and with respect to Ģ����ý’s ability to convert Pending Backlog to Backlog and the timing of conversions.

Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: estimating costs and schedules/assessing contract risks, ability to hire and retain qualified and capable personnel, availability and performance of subcontractors, design risks, quality assurance and quality control, economy and cyclicality, competitive factors, maintaining safe work sites, ability to secure work, adjustments and cancellations of backlog, joint arrangement risk, acquisition and integration risk, accuracy of cost to complete estimates, completion and performance guarantees, information systems and cyber-security risk, climate change risks and opportunities, litigation/potential litigation, ethics and reputational risk, global pandemics, potential for non-payment, access to capital, access to surety support and other contract security, work stoppages, strikes and lockouts, compliance with environmental laws, insurance risk, and internal and disclosure controls.

Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on other factors that could affect the operations or financial results of the parties, and the combined company are included in reports on file with applicable securities regulatory authorities, including but not limited to; Ģ����ý’s Annual Information Form and Management’s Discussion and Analysis for the year ended December 31, 2024, each of which may be accessed on Ģ����ý’s SEDAR+ profile, at www.sedarplus.ca and on the Company’s website at www.bird.ca.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as, and to the extent required by applicable securities laws.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or

W.R. Gingrich, CFO

Ģ����ý.

5700 Explorer Drive, Suite 400

Mississauga, ON L4W 0C6

Phone: (905) 602-4122 

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

[1]   Adjusted Earnings and Adjusted EBITDA are non-GAAP financial measures. See “Terminology and Non-GAAP & Other Financial Measures.”

The post Ģ����ý Reports 2025 Third Quarter Results; Record $10 Billion Combined Backlog and Pending Backlog appeared first on Ģ����ý Construction.

SUBJECT: BIRD ANNOUNCES DEVELOPMENT PHASE AGREEMENT FOR PEEL MEMORIAL HOSPITAL PHASE 2 REDEVELOPMENT

Ģ����ý. (TSX: BDT) is pleased to announce that it has entered into a Development Phase Agreement (DPA) with Infrastructure Ontario (IO) and William Osler Health System (Osler) for the Peel Memorial Hospital Phase 2 Redevelopment project.

This announcement follows Ģ����ý’s selection as the Preferred Proponent, announced September 29, 2025, and marks the commencement of the Development Phase. As Development Partner, Ģ����ý will work in close collaboration with Osler and IO to advance the project’s design, schedule, pricing, and risk parameters under a progressive design-build model. Upon successful completion of the Development Phase, Ģ����ý expects to enter into a target price Project Agreement to deliver the project.

“The DPA for the Peel Memorial Hospital Phase 2 Redevelopment reflects Ģ����ý’s extensive experience delivering complex healthcare infrastructure across Canada,” said Teri McKibbon, President & CEO of Ģ����ý. “This progressive contracting model fosters early engagement, informed decision-making, and disciplined risk management, which are all key drivers of value for our clients, partners, and communities. We remain committed to delivering high-performing institutional projects that contribute to long-term value creation and reinforce our leadership in nationally significant sectors.”

About Ģ����ý Construction

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. 

This press release contains forward-looking information (as defined in applicable Canadian securities legislation). This forward-looking information, including the likelihood and timing of entering into a Project Agreement and commencing construction of the project, is based on currently available competitive, financial and economic data but is subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information. These risks, uncertainties and other factors are described in greater detail in the “Risk Factors” section of the Company’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2024, which is filed under the Company’s profile on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 

The post Ģ����ý Announces Development Phase Agreement for Peel Memorial Hospital Phase 2 Redevelopment appeared first on Ģ����ý Construction.

�������������:��BIRD COMPLETES ACQUISITION OF FRASER RIVER PILE & DREDGE

Ģ����ý. (TSX: BDT) (the “Company”) is pleased to communicate that the previously announced transaction to acquire Fraser River Pile & Dredge (“FRPD”) has been successfully completed.

“We are pleased to welcome the FRPD team to Ģ����ý, marking an important milestone for both companies,” said Teri McKibbon, President and CEO of Ģ����ý. “FRPD’s expertise in marine infrastructure, land foundations, and dredging significantly expands our self-perform platform and broadens the solutions we deliver to clients. With the federal government focused on accelerating nation-building projects, particularly those with major port and marine requirements, the combined strengths of our teams, together with our shared commitment to meaningful Indigenous partnerships, position us to advance Canada’s infrastructure priorities while driving progress toward our 2027 financial targets and long-term growth strategy.”

FRPD was acquired from majority owner TriWest Capital Partners, a Calgary, Alberta based private equity firm.

This press release may contain forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

The post Ģ����ý Completes Acquisition of Fraser River Pile & Dredge appeared first on Ģ����ý Construction.

SUBJECT: BIRD CONSTRUCTION INC. ANNOUNCES RELEASE DATE AND CONFERENCE CALL FOR 2025 THIRD QUARTER FINANCIAL RESULTS

Ģ����ý. (TSX: BDT) announced today that it will release its 2025 third quarter financial results after market close on Wednesday, November 12, 2025. A conference call and live webcast to discuss the results will be held on Thursday, November 13, 2025 at 10:00 a.m. (ET).

Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call.

Participants are invited to register for expedited access to the conference call:

Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.
The live webcast will be held at:

The accompanying presentation of the 2025 second quarter financial results call and all related financial documents will be available after market close on Wednesday, August 13, 2025 at /investors.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

The post Ģ����ý. Announces Release Date and Conference Call for 2025 Third Quarter Financial Results appeared first on Ģ����ý Construction.

SUBJECT: BIRD SELECTED AS PREFERRED PROPONENT FOR A MAJOR HOSPITAL PROJECT IN ONTARIO

Ģ����ý. (TSX: BDT) is pleased to announce that it has been identified by Infrastructure Ontario (IO) as the Preferred Proponent to design and build a major hospital project in Ontario using a collaborative contracting model with a target price.

Further details on the contract are expected in the coming months.

“This significant milestone reflects Ģ����ý’s expertise in delivering complex institutional infrastructure and reinforces our strategic focus on nationally significant sectors such as healthcare. The contracting model enables meaningful collaboration with stakeholders and drives innovation, efficiency, and value throughout the delivery process,” said Teri McKibbon, President & CEO of Ģ����ý. “As demand for accessible, high-quality healthcare facilities grows across Canada, we’re proud to be a trusted partner in building critical infrastructure that supports our communities.”

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Ģ����ý.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 

ABOUT BIRD CONSTRUCTION

Ģ����ý (TSX: BDT)  is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Ģ����ý provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Ģ����ý has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

The post Ģ����ý Selected as Preferred Proponent for a Major Hospital Project in Ontario appeared first on Ģ����ý Construction.