Welcome to our dedicated page for North American C SEC filings (Ticker: NOA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
North American Construction Group Ltd. filings document a Canadian public company that furnishes U.S. current reports on Form 6-K and reports under Form 40-F. The filings cover mining and heavy civil construction operations, annual results, management discussion and analysis, consolidated financial statements, capital-structure disclosure, and material contract developments.
The company’s regulatory record also includes annual and special meeting materials, management information circulars, director elections, advisory executive-compensation matters, auditor appointments, advance-notice by-law matters, voting common share details, and supply-chain reporting under Canadian forced-labour and child-labour legislation.
North American Construction Group grew 2025 revenue to $1,284.3M, with total combined revenue of $1,496.6M, up 6% year over year, driven mainly by Australian heavy equipment operations.
Profitability weakened: adjusted EBITDA fell to $356.5M with a 23.8% margin (from 29.0%), and adjusted EPS dropped to $1.06 from $3.78, reflecting weather disruptions, cost pressures in Canada, and a $20.6M margin hit from revisions on the Fargo joint venture.
Free cash flow improved to $61.2M versus $18.0M, supported by disciplined sustaining capital of $213.2M. Net debt was $878.5M, while total liquidity reached $422.4M plus additional equipment financing capacity. The company agreed to acquire Iron Mine Contracting for about $125M, expanding its Western Australia mining services platform, and executed a 26-truck divestiture/7-truck purchase to redeploy fleet toward Australian growth. Safety performance remained strong with a 2025 TRIR of 0.39, and the annual dividend rose to $0.48 per share. Barry Palmer became President & CEO in January 2026.
North American Construction Group Ltd. filed a Form 6-K furnishing its 2025 Supply Chains Report under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act. The report explains that NACG operates mining and heavy civil construction services in Canada, the United States and Australia, with suppliers also located in those countries.
The company describes its Code of Conduct and Ethics Policy, which includes an anti-slavery commitment, annual employee attestations, anonymous reporting channels, and contractual clauses requiring suppliers to comply with laws on forced and child labour. After assessing its operations and long‑term supplier relationships, NACG concludes it does not identify a calculable risk of forced or child labour in its business or supply chains and therefore has not implemented specific remediation measures.
The report highlights mandatory orientation training covering awareness of forced and child labour risks and ongoing monitoring of policies. It is approved by the Board of Directors and formally attested and signed by President and Chief Executive Officer Barry Palmer, and it also covers two related partnerships listed in an appendix.
North American Construction Group Ltd. filed its Annual Report on Form 40-F including an Annual Information Form, audited consolidated financial statements and Management’s Discussion and Analysis for the fiscal year ended December 31, 2025.
The report states 28,821,481 common shares outstanding and includes the auditor’s attestation by KPMG LLP (Edmonton). The report is signed by Barry Palmer, President & CEO and lists exhibits including the compensation recovery policy and officer certifications.
North American Construction Group Ltd. announced timing and access details for its upcoming fourth-quarter 2025 financial results and investor call. The company will release results for the quarter ended December 31, 2025 on March 11, 2026 after markets close.
NACG will host a conference call and webcast on March 12, 2026 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). Investors can join via toll-free phone lines using conference ID 33259, or through an online webcast with a downloadable slide deck from the company’s website. A replay of the call and webcast will be available until April 10, 2026.
North American Construction Group Ltd. received an amended Schedule 13G/A from Polar Asset Management Partners Inc., a Canadian investment manager, reporting its beneficial ownership in the company’s common stock as of December 31, 2025.
Polar reports beneficial ownership of 1,384,290 common shares, representing 4.6% of the class. This amount includes 856,954 shares issuable upon conversion of debentures, meaning part of the position is currently in convertible debt rather than common stock.
Polar has sole voting and dispositive power over these 1,384,290 shares and no shared power. It certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Mawer Investment Management Ltd. has filed an amended Schedule 13G reporting its beneficial ownership in North American Construction Group Ltd. common shares.
Mawer reports beneficial ownership of 2,038,058 common shares, representing 7.01% of the class, based on 29,074,539 common shares outstanding as of November 10, 2025 as disclosed in the issuer's 6-K. Mawer has sole voting power over 1,371,470 shares and sole dispositive power over 2,038,058 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
North American Construction Group Ltd. announced that Joe Lambert has resigned as President and Chief Executive Officer to pursue other opportunities. Effective immediately, Chief Operating Officer Barry Palmer has taken over as President and CEO, while the company evaluates internal and external candidates for a permanent appointment.
Board Chairman Martin Ferron credited Lambert with expanding NACG’s geographic and commodity reach and guiding the business through difficult conditions, saying the company is well positioned in civil construction, mining, and earthworks across North America and Australia. Palmer, who has been with NACG for over 40 years, emphasized continued focus on safety, operational excellence, and growth based on the company’s existing foundation.
The company also noted that closing activities for its acquisition of Iron Mine Contracting remain on schedule with a targeted closing this quarter, and that it expects to announce the release date for its 2025 Annual Report in the coming weeks.
Bank of Montreal and affiliates report a large ownership stake in North American Construction Group Ltd. common shares. The filing shows beneficial ownership of 2,873,159 common shares, representing 9.76% of the class, as of the stated date. These shares are attributed across several related entities, including Bank of Montreal, Bank of Montreal Holding Inc., BMO Nesbitt Burns Inc. Wealth Management, BMO Asset Management Inc., BMO Nesbitt Burns Securities Ltd., and BMO Nesbitt Burns Inc.
The reporting persons have significant sole voting and dispositive power over most of these shares, with smaller amounts subject to shared voting and dispositive power. The securities are held in the ordinary course of business, primarily in prime brokerage and asset management accounts for clients who may have the right to receive dividends or sale proceeds. The group explicitly states the holdings are not intended to change or influence control of the issuer.
North American Construction Group Ltd. submitted a foreign issuer report that includes a news release about a growth move in Australia. The company states it is strengthening its presence in Western Australia through the acquisition of Iron Mine Contracting, described as a diversified mining services contractor. This indicates North American Construction Group is adding a mining services business in that region to broaden its operations and capabilities.
North American Construction Group Ltd. reported a significant shareholder update through a Schedule 13G/A filing. Polar Asset Management Partners Inc., an Ontario-based investment manager, disclosed beneficial ownership of 1,618,476 common shares of North American Construction Group, representing 5.3% of the outstanding common stock. This total includes 856,954 shares issuable upon the conversion of debentures, meaning part of the position is tied to convertible securities rather than only existing shares.
Polar has sole voting and dispositive power over all of these shares and reports that the holdings are made in the ordinary course of business as an investment advisor to several Polar-branded funds. It also states that the position was not acquired for the purpose of changing or influencing control of North American Construction Group, underscoring that this is being reported as a passive, non‑control investment.