Wsp Global Inc · TSX:WSP
Wsp Global — Q4 2025 Earnings Presentation
14 slides from Wsp Global's earnings presentation, Feb 26, 2026
Slide 1: Q4 and Fiscal 2025 Financial Results
Q4 AND FISCAL 2025 FINANCIAL RESULTS FEBRUARY 25, 2026
Slide 2: Cautionary statement and non-IFRS measures
Cautionary statement and non-IFRS measures CAUTIONARY STATEMENT Certain information contained herein is not based on historical or current facts and may constitute forward-looking statements or forward-looking information (collectively, “forward-looking statements”) under Canadian securities laws. F
Slide 3: Q4 and Fiscal 2025 Highlights
Q4 AND FISCAL 2025 HIGHLIGHTS 3
Slide 4: Q4 2025 Highlights
Q4 2025 $4.85B (+4.1% vs Q4 2024) $3.67B (+8.2% vs Q4 2024) 3.3% Organic growth in HIGHLIGHTS Revenues Net Revenues(1) Net Revenues(2) $694.1M 18.9% $397.0M (+9.4% vs Q4 2024) (20bps increase vs Q4 2024) (+14.9% vs Q4 2024) Adjusted EBITDA(3) Adjusted EBITDA margin(3) Earnings before net financing e
Slide 5: Q4 Healthy Performance
Net revenue organic Net revenue organic growth (contraction) (1) growth (contraction) As reported As adjusted* Q4 Canada* 4.2 % 2.6% 6.8 % • *Adjusted to exclude the impact of revisions to estimated contract revenues on significant projects in the fourth quarter of 2024 in Canada. 2025 Americas* 1.1
Slide 6: Fiscal 2025 Highlights
FISCAL 2025 $18.29B (+13.1% vs 2024) $13.96B (+14.7% vs 2024) 3.5% Organic growth in HIGHLIGHTS Revenues Net Revenues(1) Net Revenues(2) $2.56B 18.3% $1.53B (+17.2% vs 2024) (39bps increase vs 2024) (+20.8% vs 2024) Adjusted EBITDA(3) Adjusted EBITDA margin(3) Earnings before net financing expense a
Slide 7: Accelerated Organic Growth Momentum Through 2025
ACCELERATED ORGANIC GROWTH MOMENTUM THROUGH 2025 H1 Q3 Q4 (as reported) (as adjusted) (1) (as adjusted) (1) Consolidated 2025 3.6% 4.8% 5.9% Canada, Americas & 5.5% 6.4% 7.2% EMEIA APAC (7.2%) (3.9%) (2.9%) (1)Exclude the impact of revisions to estimate contract revenues on a significant project in
Slide 8: Four core end-markets supported by secular trends
Four core end-markets supported by secular trends EARTH & POWER & TRANSPORT PROPERTY ENVIRONMENT ENERGY & INFRASTRUCTURE & BUILDINGS WSP is supporting the Port Hope area The UK government has appointed WSP is providing multidisciplinary Finland has opened the new initiative, one of Canada’s largest
Slide 9: Revenues and Net revenues
Revenues Net revenues +13% $18,285.0 +15% $16,166.8 $13,959.1 $12,172.2 +4% +8% $4,664.9 $4,854.1 $3,394.0 $3,672.7 Q4 2024 Q4 2025 Fiscal Fiscal Q4 2024 Q4 2025 Fiscal Fiscal 2024 2025 2024 2025 Numbers are quoted in millions of dollars (except percentages) 9
Slide 10: EBIT, Adjusted EBITDA and adjusted EBITDA margin
EBIT Adjusted EBITDA ($) and adjusted EBITDA margin (%) +17% $2,561.2 $2,185.7 +21% $1,532.6 18.3% $1,268.6 +9% +15% $634.3 $694.1 18.0% $345.4 $397.0 18.7% 18.9% Q4 2024 Q4 2025 Fiscal Fiscal Q4 2024 Q4 2025 Fiscal Fiscal 2024 2025 2024 2025 Numbers are quoted in millions of dollars (except percent
Slide 11: Net earnings attributable to shareholders and adjusted net earnings
Net earnings attributable Adjusted net earnings and adjusted to shareholders +42% net earnings per share(1) $964.3 +23% $1,251.2 $1,014.9 $681.4 $7.38 per share $9.58 +54% +14% per share $8.05 $256.3 $5.40 $346.7 per share per share $305.3 $166.9 $1.96 $2.65 per share $2.34 $1.28 per share per share
Slide 12: Days sales outstanding
Days sales outstanding (DSO)(1) 72 71 2025 70 Target 69 Range 67 - 73 63 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 1) DSO is a supplementary financial measure. DSO represents the average number of days to convert WSP's trade receivables (net of sales taxes) and costs and anticipated profits in excess
Slide 13: Thank you
THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU 13
Slide 14: Contact us
Contact us Quentin Weber Global Head, Investor Relations quentin.weber@wsp.com quentin.weber@wsp.com wsp.com All logos and marks depicted herein are the property of WSP Global Inc. and may not be reproduced without the prior written consent of WSP Global Inc. All Rights Reserved.