Revenue and Scale

STRACON has grown rapidly in recent years. Revenue increased from approximately US$214 million in 2020 to approximately US$718 million in 2024, representing a compound annual growth rate of approximately 35%. The Group’s scale reflects expansion across jurisdictions, services and delivery models, supported by disciplined capital allocation and organic and inorganic growth.

Backlog

$2.2 billion backlog as of December 31, 20251 represents the transaction price allocated to remaining performance obligations under firm contract awards and reflects anticipated future revenue to be recognized by STRACON Group. Backlog provides visibility into future activity across the Group’s operating segments and jurisdictions.

Backlog Composition1

1 Backlog
Backlog, included in the financial statements as the “transaction price allocated to the remaining obligations,” is a forward-looking indicator of anticipated revenue based on firm contract awards and allocated performance obligations. Backlog is not a measure recognized under IFRS. For further information, refer to the Company’s Final Non-Offering Prospectus dated December 18, 2025, available on SEDAR+ at www.sedarplus.ca.