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 reports Q1 2026 results with record total combined revenue of $422.5 million, up 8% from Q1 2025, and combined gross profit of $57.7 million, lifting combined gross margin to 13.7%.
Reported revenue declined to $319.2 million, but gross profit margin improved to 13.4% as Canadian and Australian heavy equipment segments benefitted from fleet right-sizing and cost control. Adjusted EBITDA was stable at $99.5 million, though margin slipped to 23.5% due to the lower-margin IMC contribution.
Free cash flow turned positive at $3.7 million versus a $41.6 million outflow a year earlier, while net debt edged up to $896.3 million and liquidity stood at $386.3 million. The company closed the Iron Mine Contracting acquisition in April and expanded a key MacKellar coal contract in Queensland, contributing to a combined backlog of $3.9 billion and 2026 guidance for $1.5–$1.7 billion of combined revenue, $380–$420 million of adjusted EBITDA, and $110–$130 million of free cash flow.
Mawer Investment Management Ltd. amended its Schedule 13G/A to report ownership of 972,806 common shares of North American Construction Group Ltd. This stake represents 3.41% of the outstanding common shares, based on 28,517,365 shares outstanding as of March 6, 2026.
The filing lists sole voting and dispositive power over the reported shares and is signed by Portfolio Manager Jeff Mo on May 7, 2026.
North American Construction Group Ltd. reporting that CIBC Global Asset Management Inc. holds 1,461,868 shares of Common Stock, representing 5.13% of the class as of 05/12/2026 under a Schedule 13G filing. The report states the shares are held without intent to influence control and that the filer has sole voting and dispositive power over the reported shares.
North American Construction Group Ltd. announced it will release its financial results for the first quarter ended March 31, 2026 on May 13, 2026 after markets close. The company will host a conference call and webcast on May 14, 2026 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) to discuss the results.
Investors can join by phone using a toll-free dial-in and conference ID 96416, or via a webcast with a downloadable slide deck from the company’s website. NACG is a long-established provider of heavy civil construction and mining services across Australia, Canada, and the U.S.
North American Construction Group Ltd. is holding its annual and special shareholder meeting on May 20, 2026 in Acheson, Alberta. Holders of 28,414,864 common shares outstanding as of March 31, 2026 can vote in person or by proxy.
Shareholders will vote on electing seven directors, re-appointing KPMG as auditor, an advisory Say-on-Pay resolution on executive compensation, and ratifying a new Advance Notice By-law governing director nominations. The circular explains proxy voting, quorum of 20% of voting shares, and mechanics for beneficial owners.
The compensation section highlights a pay-for-performance design. For 2025 the short-term incentive plan produced an overall score of 24.2% of target, reflecting Bonus EBIT of $118 million versus a $239 million target and Bonus EBITDA of $341 million versus a $444 million target, while safety metrics outperformed targets with a TRIR of 0.39 and SIFp of 0.08. Long-term incentives are delivered 60% as performance share units and 40% as restricted share units based on three-year TSR and financial goals. Barry Palmer, now President & CEO, received a one-time special incentive of up to $1,000,000 tied to integrating Australian operations, which the committee determined was fully earned.
North American Construction Group Ltd. expanded a key mining services contract in Queensland, Australia through its MacKellar subsidiary. The amended five-year agreement, which still expires on September 30, 2029, adds scope that is expected to generate approximately $125 million of incremental revenue and increases MacKellar’s work at the mine by about 50%.
The expanded scope starts May 1, 2026 and is expected to reach full run rate by August 2026, aligning with the company’s previously communicated 2026 financial outlook. To support this growth, thirteen additional equipment units are being deployed, including eight Komatsu 240-ton haul trucks purchased in December 2025 and five more units to be acquired as growth capital in the second and third quarters of 2026 at an estimated cost of about $25 million. Management highlights that the expansion strengthens NACG’s Tier 1 contractor platform in Australia and enhances revenue visibility through increased contractual backlog.
North American Construction Group Ltd. has closed its acquisition of Iron Mine Contracting, a diversified mining services contractor in Western Australia. Total expected consideration is about $125 million, with the final amount based on IMC’s December 31, 2025 financial statements and reflected in NACG’s quarter ended June 30, 2026.
The deal gives NACG an operating platform in Western Australia with blue-chip customers and exposure to gold, iron ore and lithium, supporting strategic focus on rare earth and critical minerals. Funding combines a $41.5 million cash payment drawn on an amended $535 million senior secured credit facility, about $45 million of assumed equipment financing, and additional earn-out and deferred payments over four years. The credit facility’s maturity is extended to April 7, 2029 and total senior secured capacity now exceeds $1.0 billion.
North American Construction Group Ltd. set its 2026 Annual General and Special Meeting of shareholders for May 20, 2026, with a voting record date of April 13, 2026. Meeting materials will be sent to shareholders and posted on the company’s website.
The board adopted an Advance Notice By-Law No. 3, effective immediately, to formalize how shareholders can nominate directors. It establishes nomination deadlines and required disclosure under the Canada Business Corporations Act and will be submitted to shareholders for approval, confirmation and ratification at the meeting, or it will cease to be effective.
North American Construction Group Ltd. is calling its Annual General and Special Meeting of security holders for May 20, 2026 in Acheson. The record date for notice of meeting, for voting, and for determining beneficial ownership is April 13, 2026.
The company will send proxy-related materials directly to non-objecting beneficial owners and will pay for delivery to objecting beneficial owners. The meeting will not use notice-and-access procedures for either registered or beneficial holders.
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.