North American Construction Group Ltd. announced on August 6, 2025, that its wholly-owned subsidiary, the MacKellar Group, has been awarded an amended and extended five-year contract. This contract, with an existing client that is a leading coal producer in Queensland, Australia, is valued at approximately $2.0 billion.
This represents the largest contract ever signed in the company's history and extends the expiry date to April 30, 2030. The extension adds $800 million to the backlog compared to the original contract and introduces risk and reward mechanisms that align NACG with the producer for effective operations.
This incremental value boosts the company's total contractual backlog to a record $4.0 billion as of March 31, 2025, on a proforma basis, surpassing the previous record of $3.5 billion reported on December 31, 2024. The Australian operations alone now account for $3.0 billion of this backlog, providing full top-line revenue visibility to 2029.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.