05:03 PM EDT, 10/29/2025 (MT Newswires) -- Aecon Group ( AEGXF ) after trade Wednesday said its third-quarter adjusted earnings fell even as revenue jumped.

Adjusted profit, excluding most one-time items, fell to $35.7 million, or $0.60 per share, from $57.5 million, or $0.85, in the prior year period.

Revenue rose 20% to $1.53 billion from $1.28 billion, beating the $1.39 billion forecast by analysts polled by FactSet. Aecon ( AEGXF ) said the increase was driven by an increased volume of refurbishment, new build, and engineering services work at nuclear generating stations in Ontario and the U.S., and a higher volume of field construction work at industrial facilities in western Canada.

Reported backlog at Sept. 30, was a record $10.8 billion, nearly double the $5.98 billion backlog at Sept. 30, 2024, the company said.

Aecon ( AEGXF ) shares closed up $0.84 to $30.05 on the Toronto Stock Exchange.