Zayed Sustainability Prize Sees Surge in Global Participation with 7,761 Entries
30% surge in global entries highlights the Prize's growing impact in advancing transformative solutions across health, food, water, energy, and climate action.
AI-powered solutions, disruptive innovations, and technologies that expand access to essential services emerged as defining trends across all categories, reflecting a global shift toward inclusive, locally adapted development.
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ABU DHABI, United Arab Emirates — The UAE's Zayed Sustainability Prize, a pioneering global award that has transformed the lives of over 400 million people, has officially closed submissions for its 2026 awards cycle. A total of 7,761 entries from 173 countries were received across the six categories of Health, Food, Energy, Water, Climate Action and Global High Schools, reflecting the Prize's continued role in advancing impactful solutions to pressing global challenges.
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Now in its 17 th year, the Prize empowers small to medium-sized enterprises (SMEs), nonprofit organisations and high schools to develop and scale sustainable innovations that improve lives, especially in vulnerable and underserved communities. From clean energy and healthcare access to regenerative agriculture and safe drinking water, this year's submissions reflect a rising focus on technology-powered, community-led models that expand access where it's needed most.
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Submissions increased by 30% compared to the previous cycle. There was a marked rise in projects that integrate cutting-edge technologies – such as artificial intelligence, direct air carbon capture, and fintech tools – with grassroots approaches, highlighting how innovation, equity, and long-term impact are converging in meaningful ways.
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H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director-General of the Zayed Sustainability Prize, said: 'The record number of submissions to this year's Prize cycle reflects a growing global commitment to practical, scalable solutions that deliver long-term impact. We saw particularly strong momentum in food systems, where smart technologies are helping boost productivity and resilience. Across all categories, the increased use of AI and other advanced technologies highlights how innovation is being harnessed to drive inclusive, community-led progress. The Zayed Sustainability Prize remains focused on recognising pioneers who deliver measurable impact and advance sustainable development worldwide.'
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Early analysis shows that around 85% of all submissions came from the developing and emerging economies, with top contributions from India, Ethiopia, Uzbekistan, Brazil, and Indonesia. Participation was also high from developed countries like the United Arab Emirates and the United States of America, both making it into the top 10 submission countries.
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The Food (1,630) and Climate Action (1,880) categories attracted the highest number of entries, reflecting the global urgency around food security, ecosystem protection, and disaster resilience. These were followed by Health (1,497), Global High Schools (1,070), Water (863) and Energy (821).
Submissions to the Health category grew by over 60% this year, with entries focusing on AI-enabled diagnostics, wearable tech, and decentralised care. Many also explored tech-enabled sustainable logistics and improved traceability to strengthen healthcare delivery systems.
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The Food category highlighted advances in precision agriculture and agri-robotics, with smart systems and drones helping farmers boost yields as well as circularity in food systems.
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In Energy, submissions revealed a growing interest in thermal energy storage and advanced low-carbon fuels, and broader energy transformation, including solutions for future-proofing energy systems to meet the growing global demand scenarios.
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Entries in the Water category explored innovative ways to expand freshwater access, including atmospheric water generation and low-energy desalination, as well as fintech tools that promote more transparent and equitable distribution.
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Climate Action entries addressed both mitigation and adaptation, featuring nature-based solutions, direct air carbon capture, predictive tools for resilience and disaster preparedness, and community-based conservation grounded in Indigenous knowledge.
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Youth-led submissions in Global High Schools reflected a remarkable surge in youth engagement and commitment to sustainability, with projects ranging from AI-powered climate monitoring and smart irrigation for school farms to low-cost water filtration and tech-based approaches to waste tracking and upcycling.
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Following the close of submissions, the Prize now enters the evaluation stage. All entries will be shortlisted by an independent research and analysis consultancy. A Selection Committee comprised of globally renowned industry experts will then assess the qualified entries and shortlist the candidates. The third and final tier of the evaluation process is the Jury, which will convene in October to unanimously elect the winners in each category.
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Winners will be announced at the Zayed Sustainability Prize Awards Ceremony on 13 January 2026, during Abu Dhabi Sustainability Week. Each winner in the organisational categories will receive US $1 million, while six high schools – representing the world's regions – will be awarded US $150,000 each to implement or expand their sustainability projects.
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AECOM reports third quarter fiscal 2025 results
Article content Net service revenue growth accelerated in both segments Adjusted EBITDA and adjusted EPS set quarterly records Achieved a milestone margin performance with continued expansion opportunities ahead Unprecedented visibility with both backlog and pipeline at all-time highs Increased full year financial guidance for a third consecutive quarter Article content DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today reported third quarter fiscal 2025 results. Article content (from Continuing Operations; $ in millions, except EPS) As Reported Adjusted 1 (Non-GAAP) As Reported YoY % Change Adjusted YoY % Change Revenue $4,178 — 1% — Net Service Revenue (NSR) 2 — $1,938 — 6% Operating Income $294 $296 29% 13% Segment Operating Margin 3 — 17.1% — +90 bps Net Income $175 $178 35% 12% EPS (Fully Diluted) $1.31 $1.34 38% 16% EBITDA 4 — $313 — 10% EBITDA Margin 5 — 17.6% — +110 bps Operating Cash Flow $284 — (3%) — Free Cash Flow 6 — $262 — (4%) Total Backlog 7 $24,588 — 5% — Article content 'The strength of our third quarter results, which included outperformance on all key financial metrics, demonstrated the benefits of our competitive edge platform and the high returns we earn on our growth investments,' said Troy Rudd, AECOM's chairman and chief executive officer. 'Our visibility has never been stronger – driven by the secular investment megatrends of infrastructure, sustainability and resilience, and energy – and our backlog and pipeline are at record highs. Our win rates are at all-time high levels, and we are confident in continued growth in the earnings power of our business. This quarter, we also reached a major milestone by delivering a 17.1% segment adjusted operating margin, exceeding our long-term 17% target more than one year ahead of our prior expectation. Leading our industry in margins has been a hallmark of our performance over the past several years. Importantly, these margins include record investments in organic growth initiatives, such as in our advisory business and in our technical capabilities, underscoring the high returns we earn on our investments and the continued opportunity to expand margins over time.' Article content 'No company can match what AECOM provides in scale, technical expertise and innovation, and we are well-positioned to take advantage of long-term opportunities from the multi-decade secular growth megatrends across our markets,' said Lara Poloni, AECOM's president. 'As projects become more complex and unprecedented in size and scope, our ability to provide advisory, program management, and design expertise creates an unrivaled value proposition for our clients. Our market leading position was further validated by ENR's most recent survey that included number one rankings in mass transit, highways, bridges and remediation, which underscores the ideal position we have to capitalize on strong demand.' Article content 'We continue to deliver on our key commitments that underpin long-term value creation, highlighted this quarter by the achievement of a margin in excess of our 17% target well ahead of the timeline we previously communicated, as well as record adjusted EBITDA and EPS,' said Gaurav Kapoor, AECOM's chief financial and operations officer. 'We also continue to convert our record earnings to cash flow at a strong rate, with year-to-date free cash flow increasing by 27% over the prior year to a new all-time high. As a result, we have returned nearly $240 million of capital to shareholders through repurchases and dividends in the year, inclusive of our most recent dividend in July, and we remain committed to maximizing value for our investors.' Article content Third Quarter Highlights Article content Revenue increased slightly; net service revenue 2 increased by 6%, highlighted by 8% growth in the Company's largest and most profitable segment, the Americas. Operating income increased by 29%; the segment adjusted 1 operating margin 3 increased by 90 basis points to 17.1% and the adjusted 1 EBITDA margin 5 increased by 110 basis points to 17.6%, both of which set new quarterly records. Net income increased by 35%; adjusted 1 EBITDA 4 increased by 10% and adjusted 1 EPS increased by 16%. Free cash flow 6 of $262 million resulted in a 27% increase in year-to-date free cash flow to $551 million, which marked a new all-time high for the first three quarters of the year. Total backlog 7 increased by 5% to a record high, driven by a 1.0x book-to-burn 8 ratio in each of the Americas and International design businesses. Article content Design backlog 7 increased by 5% to a record high, including 6% contracted backlog growth. The Company delivered a 19 th consecutive quarter with a book-to-burn ratio 8 in excess of 1.0x. The pipeline of opportunities increased to a new record, including growth in both the Americas and International segments, as well as double-digit growth in the earliest stages of the pipeline, which is evidence of the long-term nature of the current investment cycle. Article content Financial Guidance Article content AECOM increased its fiscal 2025 guidance for adjusted EBITDA, adjusted EPS, segment adjusted operating margin and adjusted EBITDA margin; the Company expects to deliver: Article content Organic NSR 2 growth of 5% to 8%, consistent with prior guidance. Adjusted 1 EBITDA 4 of between $1,190 million and $1,210 million, a 10% increase at the mid-point of the range. Adjusted 1 EPS of between $5.20 and $5.30, a 16% increase at the mid-point of the range. 70 basis points of both segment adjusted 1 operating margin 3 and adjusted EBITDA margin 5 expansion to 16.5% and 16.7%, respectively. 100%+ free cash flow 6 conversion. Article content Other assumptions incorporated into fiscal 2025 guidance: Article content An average fully diluted share count of 133 million, which reflects shares repurchased to-date An adjusted effective tax rate of approximately 24% for the full year. Article content See the Regulation G Information tables at the end of this release for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Article content Business Segments Article content Americas Article content Revenue in the third quarter was $3.3 billion, a 1% increase from the prior year. Net service revenue 2 was $1.2 billion, an 8% increase from the prior year. This performance included continued strong growth in the U.S., as well as the seventh consecutive quarter of double-digit growth in Canada. Both markets are benefiting from strong public infrastructure investment and a strong win rate. Article content Operating income increased by 16% to $241 million and on an adjusted 1 basis increased by 14% to $241 million. The adjusted operating margin on net service revenue increased by 120 basis points over the prior year to 20.5%, a new quarterly high and consistent with the Company's expectation for continued long-term margin expansion resulting from its competitive advantage. This performance includes strong execution, the benefits from high-returning organic growth investments, ongoing continuous improvement initiatives, and growth in the Company's higher margin Advisory business. Article content Backlog in the Americas segment is at a record high, driven by a 1.0x book-to-burn ratio 8. Article content International Article content Revenue in the third quarter was $901 million, a slight decline from the prior year. Net service revenue 2 was $759 million, a 3% increase from the prior year. Growth was driven by the U.K. and Middle East markets, which was partially offset by a decline in Australia. Article content Operating income and adjusted 1 operating income increased 7% and 6%, respectively, to $90 million. The adjusted operating margin on net service revenue increased by 20 basis points over the prior year to 11.9%, which reflected continued strong execution and the Company's focus on high-returning markets and opportunities across its largest geographies. Article content Backlog in the International segment is at a record high, driven by a 1.0x book-to-burn ratio 8. Article content Balance Sheet and Capital Allocation Update Article content The Company ended the quarter with a strong balance sheet, including net leverage 9 of 0.6x. Since the initiation of its stock repurchase program in September 2020, the Company has repurchased more than $2.3 billion of stock, which represents approximately one-third of the Company's market capitalization at the time it commenced repurchases, and has returned more than $2.7 billion of capital inclusive of dividends. Article content Tax Rate Article content The effective tax rate was 24.2% in the third quarter. On an adjusted 10 basis, the effective tax rate was 27.0%. The Company continues to expect a full year adjusted tax rate of approximately 24%. The adjusted tax rate was derived by re-computing the quarterly effective tax rate on adjusted net income. The adjusted tax expense differs from the GAAP tax expense based on the taxability or deductibility and tax rate applied to each of the adjustments. Article content Conference Call Article content AECOM is hosting a conference call tomorrow at 8 a.m. Eastern Time, during which management will make a brief presentation focusing on the Company's results, strategy and operating trends, and outlook. Interested parties can listen to the conference call and view accompanying slides via webcast at The webcast will be available for replay following the call. Article content 1 Excludes the impact of certain items, such as restructuring costs, amortization of intangible assets, non-core AECOM Capital and other items. See Regulation G Information for a reconciliation of non-GAAP measures to the comparable GAAP measures. 2 Revenue, less pass-through revenue; growth rates are presented on a constant-currency basis. 3 Reflects segment operating performance, excluding AECOM Capital and G&A, and margins are presented on a net service revenue basis. 4 Net income before interest expense, tax expense, depreciation and amortization. 5 Adjusted EBITDA margin includes non-controlling interests in EBITDA and is on a net service revenue basis. 6 Free cash flow is defined as cash flow from operations less capital expenditures, net of proceeds from disposals of property and equipment; free cash flow conversion is defined as free cash flow divided by adjusted net income attributable to AECOM. 7 Backlog represents the total value of work for which AECOM has been selected that is expected to be completed by consolidated subsidiaries; growth rates are presented on a constant-currency basis. 8 Book-to-burn ratio is defined as the dollar amount of wins divided by revenue recognized during the period. 9 Net leverage is comprised of EBITDA as defined in the Company's credit agreement dated October 17, 2014, as amended, and total debt on the Company's financial statements, net of total cash and cash equivalents. 10 Inclusive of non-controlling interest deduction and adjusted for financing charges in interest expense, the amortization of intangible assets and is based on continuing operations. The adjusted tax rate was derived by re-computing the quarterly effective tax rate on adjusted net income. The adjusted tax expense differs from the GAAP tax expense based on the taxability or deductibility and tax rate applied to each of the adjustments. Article content About AECOM Article content AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at Article content Forward-Looking Statements Article content All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement. Article content This communication contains financial information calculated other than in accordance with U.S. generally accepted accounting principles ('GAAP'). The Company believes that non-GAAP financial measures such as adjusted EPS, adjusted EBITDA, adjusted net/operating income, segment adjusted operating margin, adjusted tax rate, net service revenue and free cash flow provide a meaningful perspective on its business results as the Company utilizes this information to evaluate and manage the business. We use adjusted operating income, adjusted net income, adjusted EBITDA and adjusted EPS to exclude the impact of certain items, such as amortization expense and taxes to aid investors in better understanding our core performance results. We use free cash flow to present the cash generated from operations after capital expenditures to maintain our business. We present net service revenue (NSR) to exclude pass-through subcontractor costs from revenue to provide investors with a better understanding of our operational performance. We present segment adjusted operating margin to reflect segment operating performance of our Americas and International segments, excluding AECOM Capital. We present adjusted tax rate to reflect the tax rate on adjusted earnings. We also use constant-currency growth rates where appropriate, which are calculated by conforming the current period results to the comparable period exchange rates. Article content Our non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of these non-GAAP measures is found in the Regulation G Information tables at the back of this communication. The Company is unable to reconcile certain of its non-GAAP financial guidance and long-term financial targets due to uncertainties in these non-operating items as well as other adjustments to net income. The Company is unable to provide a reconciliation of its guidance for NSR to GAAP revenue because it is unable to predict with reasonable certainty its pass-through revenue. Article content AECOM Consolidated Statements of Income (unaudited – in thousands, except per share data) Three Months Ended Nine Months Ended June 30, 2025 June 30, 2024 % Change June 30, 2025 June 30, 2024 % Change Revenue $ 4,178,440 $ 4,151,251 0.7 % $ 11,964,205 $ 11,995,004 (0.3 )% Cost of revenue 3,851,490 3,866,207 (0.4 )% 11,078,090 11,204,816 (1.1 )% Gross profit 326,950 285,044 14.7 % 886,115 790,188 12.1 % Equity in earnings (losses) of joint ventures 5,290 7,647 (30.8 )% 21,707 (1,835 ) (1282.9 )% General and administrative expenses (38,163 ) (36,209 ) 5.4 % (118,676 ) (116,619 ) 1.8 % Restructuring costs — (29,025 ) (100.0 )% — (80,670 ) (100.0 )% Income from operations 294,077 227,457 29.3 % 789,146 591,064 33.5 % Other income (loss) 823 963 (14.5 )% (1,001 ) 6,154 (116.3 )% Interest income 14,063 15,817 (11.1 )% 45,157 43,341 4.2 % Interest expense (40,198 ) (51,370 ) (21.7 )% (125,437 ) (140,350 ) (10.6 )% Income from continuing operations before taxes 268,765 192,867 39.4 % 707,865 500,209 41.5 % Income tax expense for continuing operations 65,148 46,035 41.5 % 145,618 118,078 23.3 % Net income from continuing operations 203,617 146,832 38.7 % 562,247 382,131 47.1 % Net (loss) income from discontinued operations (43,880 ) 5,677 (872.9 )% (63,766 ) (104,998 ) (39.3 )% Net income 159,737 152,509 4.7 % 498,481 277,133 79.9 % Net income attributable to noncontrolling interests from continuing operations (28,771 ) (17,355 ) 65.8 % (55,953 ) (44,585 ) 25.5 % Net income attributable to noncontrolling interests from discontinued operations — (881 ) (100.0 )% (1,126 ) (2,830 ) (60.2 )% Net income attributable to noncontrolling interests (28,771 ) (18,236 ) 57.8 % (57,079 ) (47,415 ) 20.4 % Net income attributable to AECOM from continuing operations 174,846 129,477 35.0 % 506,294 337,546 50.0 % Net (loss) income attributable to AECOM from discontinued operations (43,880 ) 4,796 (1014.9 )% (64,892 ) (107,828 ) (39.8 )% Net income attributable to AECOM $ 130,966 $ 134,273 (2.5 )% $ 441,402 $ 229,718 92.1 % Net income (loss) attributable to AECOM per share: Basic continuing operations per share $ 1.32 $ 0.95 38.9 % $ 3.82 $ 2.48 54.0 % Basic discontinued operations per share (0.33 ) 0.04 (925.0 )% (0.49 ) (0.79 ) (38.0 )% Basic earnings per share $ 0.99 $ 0.99 0.0 % $ 3.33 $ 1.69 97.0 % Diluted continuing operations per share $ 1.31 $ 0.95 37.9 % $ 3.80 $ 2.47 53.8 % Diluted discontinued operations per share (0.33 ) 0.03 (1200.0 )% (0.49 ) (0.79 ) (38.0 )% Diluted earnings per share $ 0.98 $ 0.98 0.0 % $ 3.31 $ 1.68 97.0 % Weighted average shares outstanding: Basic 132,301 136,025 (2.7 )% 132,411 135,976 (2.6 )% Diluted 133,078 136,790 (2.7 )% 133,281 136,868 (2.6 )% Article content AECOM Balance Sheet Information (unaudited – in thousands) June 30, 2025 September 30, 2024 Balance Sheet Information: Total cash and cash equivalents $ 1,794,077 $ 1,580,877 Accounts receivable and contract assets – net 4,519,999 4,599,765 Working capital 1,039,057 801,978 Total debt, excluding unamortized debt issuance costs 2,548,186 2,539,811 Total assets 12,252,145 12,061,669 Total AECOM stockholders' equity 2,492,340 2,184,205 Article content AECOM Reportable Segments (unaudited – in thousands) Americas International AECOM Capital Corporate Total Three Months Ended June 30, 2025 Revenue $ 3,277,136 $ 901,198 $ 106 $ — $ 4,178,440 Cost of revenue 3,038,353 813,137 — — 3,851,490 Gross profit 238,783 88,061 106 — 326,950 Equity in earnings of joint ventures 2,198 2,167 925 — 5,290 General and administrative expenses — — (2,265 ) (35,898 ) (38,163 ) Income (loss) from operations $ 240,981 $ 90,228 $ (1,234 ) $ (35,898 ) $ 294,077 Gross profit as a % of revenue 7.3 % 9.8 % 7.8 % Three Months Ended June 30, 2024 Revenue $ 3,246,882 $ 904,206 $ 163 $ — $ 4,151,251 Cost of revenue 3,043,053 823,154 — — 3,866,207 Gross profit 203,829 81,052 163 — 285,044 Equity in earnings of joint ventures 3,478 3,617 552 — 7,647 General and administrative expenses — — (540 ) (35,669 ) (36,209 ) Restructuring costs — — — (29,025 ) (29,025 ) Income from operations $ 207,307 $ 84,669 $ 175 $ (64,694 ) $ 227,457 Gross profit as a % of revenue 6.3 % 9.0 % 6.9 % Nine Months Ended June 30, 2025 Revenue $ 9,285,863 $ 2,677,941 $ 401 $ — $ 11,964,205 Cost of revenue 8,644,327 2,433,763 — — 11,078,090 Gross profit 641,536 244,178 401 — 886,115 Equity in earnings of joint ventures 12,571 9,071 65 — 21,707 General and administrative expenses — — (7,467 ) (111,209 ) (118,676 ) Income (loss) from operations $ 654,107 $ 253,249 $ (7,001 ) $ (111,209 ) $ 789,146 Gross profit as a % of revenue 6.9 % 9.1 % 7.4 % Contracted backlog $ 8,836,509 $ 4,614,568 $ — $ — $ 13,451,077 Awarded backlog 9,136,644 2,000,150 — — 11,136,794 Total backlog $ 17,973,153 $ 6,614,718 $ — $ — $ 24,587,871 Total backlog – Design only $ 16,499,843 $ 6,614,718 $ — $ — $ 23,114,561 Nine Months Ended June 30, 2024 Revenue $ 9,324,140 $ 2,670,034 $ 830 $ — $ 11,995,004 Cost of revenue 8,764,863 2,439,953 — — 11,204,816 Gross profit 559,277 230,081 830 — 790,188 Equity in earnings (losses) of joint ventures 11,866 12,847 (26,548 ) — (1,835 ) General and administrative expenses — — (12,667 ) (103,952 ) (116,619 ) Restructuring costs — — — (80,670 ) (80,670 ) Income (loss) from operations $ 571,143 $ 242,928 $ (38,385 ) $ (184,622 ) $ 591,064 Gross profit as a % of revenue 6.0 % 8.6 % 6.6 % Contracted backlog $ 8,883,852 $ 3,909,146 $ — $ — $ 12,792,998 Awarded backlog 8,468,398 2,100,828 — — 10,569,226 Total backlog $ 17,352,250 $ 6,009,974 $ — $ — $ 23,362,224 Total backlog – Design only $ 15,884,131 $ 6,009,974 $ — $ — $ 21,894,105 Article content AECOM Regulation G Information (in millions) Reconciliation of Revenue to Net Service Revenue (NSR) Three Months Ended Nine Months Ended Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Jun 30, 2025 Jun 30, 2024 Americas Revenue $ 3,277.1 $ 2,896.7 $ 3,246.9 $ 9,285.8 $ 9,324.2 Less: Pass-through revenue 2,098.3 1,772.0 2,150.6 5,931.4 6,177.0 Net service revenue $ 1,178.8 $ 1,124.7 $ 1,096.3 $ 3,354.4 $ 3,147.2 International Revenue $ 901.2 $ 874.8 $ 904.2 $ 2,678.0 $ 2,670.0 Less: Pass-through revenue 142.6 132.5 175.0 426.9 465.1 Net service revenue $ 758.6 $ 742.3 $ 729.2 $ 2,251.1 $ 2,204.9 Segment Performance (excludes ACAP) Revenue $ 4,178.3 $ 3,771.5 $ 4,151.1 $ 11,963.8 $ 11,994.2 Less: Pass-through revenue 2,240.9 1,904.5 2,325.6 6,358.3 6,642.1 Net service revenue $ 1,937.4 $ 1,867.0 $ 1,825.5 $ 5,605.5 $ 5,352.1 Consolidated Revenue $ 4,178.4 $ 3,771.6 $ 4,151.2 $ 11,964.2 $ 11,995.0 Less: Pass-through revenue 2,240.9 1,904.5 2,325.6 6,358.3 6,642.1 Net service revenue $ 1,937.5 $ 1,867.1 $ 1,825.6 $ 5,605.9 $ 5,352.9 Article content Balances at: Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Short-term debt $ 4.7 $ 3.2 $ 2.5 Current portion of long-term debt 68.5 67.1 63.6 Long-term debt, excluding unamortized debt issuance costs 2,475.0 2,476.6 2,475.4 Total debt 2,548.2 2,546.9 2,541.5 Less: Total cash and cash equivalents 1,794.1 1,600.1 1,644.8 Net debt $ 754.1 $ 946.8 $ 896.7 Article content Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Three Months Ended Nine Months Ended Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Jun 30, 2025 Jun 30, 2024 Net cash provided by operating activities $ 283.7 $ 190.7 $ 291.3 $ 625.5 $ 528.7 Capital expenditures, net (22.0 ) (12.3 ) (18.4 ) (74.4 ) (94.9 ) Free cash flow $ 261.7 $ 178.4 $ 272.9 $ 551.1 $ 433.8 Article content AECOM Regulation G Information (in millions, except per share data) Three Months Ended Nine Months Ended Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Jun 30, 2025 Jun 30, 2024 Reconciliation of Income from Operations to Adjusted Income from Operations to Adjusted EBITDA with Noncontrolling Interests (NCI) to Adjusted EBITDA Income from operations $ 294.1 $ 257.6 $ 227.5 $ 789.2 $ 591.1 Noncore AECOM Capital loss (income) 1.3 4.7 (0.2 ) 7.0 38.3 Restructuring costs — — 29.0 — 80.7 Amortization of intangible assets 0.3 0.4 4.7 1.8 14.0 Adjusted income from operations $ 295.7 $ 262.7 $ 261.0 $ 798.0 $ 724.1 Other income (expense) 0.8 (8.7 ) 1.1 (1.0 ) 6.2 Fair value adjustment included in other income 1.3 10.5 1.6 6.8 1.6 Depreciation 42.9 39.9 37.7 122.6 113.5 Adjusted EBITDA with noncontrolling interests (NCI) $ 340.7 $ 304.4 $ 301.4 $ 926.4 $ 845.4 Net income attributable to NCI from continuing operations excluding interest income included in NCI (27.9 ) (14.7 ) (15.9 ) (52.5 ) (40.3 ) Amortization of intangible assets included in NCI — — — — (0.2 ) Adjusted EBITDA $ 312.8 $ 289.7 $ 285.5 $ 873.9 $ 804.9 Reconciliation of Income from Continuing Operations Before Taxes to Adjusted Income from Continuing Operations Before Taxes Income from continuing operations before taxes $ 268.8 $ 221.1 $ 192.9 $ 707.9 $ 500.2 Noncore AECOM Capital loss (income) 1.2 4.7 (0.2 ) 6.9 38.3 Fair value adjustment 1.1 10.6 1.6 6.1 1.6 Restructuring costs — — 29.0 — 80.7 Amortization of intangible assets 0.3 0.4 4.7 1.8 14.0 Financing charges in interest expense 1.3 1.2 7.0 3.9 9.5 Adjusted income from continuing operations before taxes $ 272.7 $ 238.0 $ 235.0 $ 726.6 $ 644.3 Reconciliation of Income Taxes for Continuing Operations to Adjusted Income Taxes for Continuing Operations Income tax expense for continuing operations $ 65.2 $ 51.2 $ 46.1 $ 145.7 $ 118.1 Tax effect of the above adjustments (1) 1.0 4.3 11.6 4.8 36.0 Valuation allowances and other tax only items (0.3 ) — 0.8 0.2 0.8 Adjusted income tax expense for continuing operations $ 65.9 $ 55.5 $ 58.5 $ 150.7 $ 154.9 (1) Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. Reconciliation of Net Income Attributable to Noncontrolling Interests (NCI) from Continuing Operations to Adjusted Net Income Attributable to Noncontrolling Interests from Continuing Operations Net income attributable to noncontrolling interests from continuing operations $ (28.8 ) $ (15.8 ) $ (17.4 ) $ (56.0 ) $ (44.6 ) Amortization of intangible assets included in NCI — — — — (0.2 ) Adjusted net income attributable to noncontrolling interests from continuing operations $ (28.8 ) $ (15.8 ) $ (17.4 ) $ (56.0 ) $ (44.8 ) Article content AECOM Regulation G Information (in millions, except per share data) Three Months Ended Nine Months Ended Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Jun 30, 2025 Jun 30, 2024 Reconciliation of Net Income Attributable to AECOM from Continuing Operations to Adjusted Net Income Attributable to AECOM from Continuing Operations Net income attributable to AECOM from continuing operations $ 174.8 $ 154.1 $ 129.4 $ 506.2 $ 337.5 Noncore AECOM Capital loss (income), net of NCI 1.3 4.7 (0.2 ) 7.0 38.3 Fair value adjustment 1.1 10.6 1.6 6.1 1.6 Restructuring costs — — 29.0 — 80.7 Amortization of intangible assets 0.3 0.4 4.7 1.8 14.0 Financing charges in interest expense 1.2 1.2 7.0 3.8 9.5 Tax effect of the above adjustments (1) (1.0 ) (4.3 ) (11.6 ) (4.8 ) (36.0 ) Valuation allowances and other tax only items 0.3 — (0.8 ) (0.2 ) (0.8 ) Amortization of intangible assets included in NCI — — — — (0.2 ) Adjusted net income attributable to AECOM from continuing operations $ 178.0 $ 166.7 $ 159.1 $ 519.9 $ 444.6 (1) Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. Article content Reconciliation of Net Income Attributable to AECOM from Continuing Operations per Diluted Share to Adjusted Net Income Attributable to AECOM from Continuing Operations per Diluted Share Net income attributable to AECOM from continuing operations per diluted share $ 1.31 $ 1.16 $ 0.95 $ 3.80 $ 2.47 Per diluted share adjustments: Noncore AECOM Capital loss, net of NCI 0.01 0.04 — 0.05 0.28 Fair value adjustment 0.01 0.08 0.01 0.05 0.01 Restructuring costs — — 0.21 — 0.59 Amortization of intangible assets — — 0.03 0.01 0.10 Financing charges in interest expense 0.01 0.01 0.05 0.03 0.07 Tax effect of the above adjustments (1) — (0.04 ) (0.08 ) (0.04 ) (0.26 ) Valuation allowances and other tax only items — — (0.01 ) — (0.01 ) Adjusted net income attributable to AECOM from continuing operations per diluted share $ 1.34 $ 1.25 $ 1.16 $ 3.90 $ 3.25 Weighted average shares outstanding – basic 132.3 132.4 136.0 132.4 136.0 Weighted average shares outstanding – diluted 133.1 133.1 136.8 133.3 136.9 (1) Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. Article content Reconciliation of Net Income Attributable to AECOM from Continuing Operations to Adjusted EBITDA Net income attributable to AECOM from continuing operations $ 174.8 $ 154.1 $ 129.4 $ 506.2 $ 337.5 Income tax expense 65.2 51.2 46.1 145.7 118.1 Depreciation and amortization 44.4 41.6 46.4 128.3 133.7 Interest income, net of NCI (13.1 ) (13.4 ) (14.3 ) (41.7 ) (39.1 ) Interest expense 40.2 42.2 51.4 125.4 140.4 Amortized bank fees included in interest expense (1.2 ) (1.3 ) (4.0 ) (3.9 ) (6.4 ) Noncore AECOM Capital loss (income), net of NCI 1.3 4.7 (0.2 ) 7.0 38.3 Fair value adjustment included in other income 1.2 10.6 1.7 6.9 1.7 Restructuring costs — — 29.0 — 80.7 Adjusted EBITDA $ 312.8 $ 289.7 $ 285.5 $ 873.9 $ 804.9 Article content AECOM Regulation G Information (in millions, except per share data) Three Months Ended Nine Months Ended Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 Jun 30, 2025 Jun 30, 2024 Reconciliation of Segment Income from Operations to Adjusted Segment Income from Operations Americas Segment: Segment Income from operations $ 240.9 $ 217.4 $ 207.4 $ 654.1 $ 571.2 Amortization of intangible assets 0.4 0.3 4.4 1.8 13.0 Adjusted segment income from operations $ 241.3 $ 217.7 $ 211.8 $ 655.9 $ 584.2 International Segment: Segment Income from operations $ 90.2 $ 82.2 $ 84.6 $ 253.2 $ 242.9 Amortization of intangible assets — — 0.3 — 1.0 Adjusted segment income from operations $ 90.2 $ 82.2 $ 84.9 $ 253.2 $ 243.9 Segment Performance (excludes ACAP & G&A): Segment Income from operations $ 331.1 $ 299.6 $ 292.0 $ 907.3 $ 814.1 Amortization of intangible assets 0.4 0.3 4.7 1.8 14.0 Adjusted segment income from operations $ 331.5 $ 299.9 $ 296.7 $ 909.1 $ 828.1 Article content AECOM Regulation G Information FY2025 GAAP EPS Guidance based on Adjusted EPS Guidance (all figures approximate) Fiscal Year End 2025 GAAP EPS guidance $5.08 to $5.18 Adjusted EPS excludes: Amortization of intangible assets $0.02 Amortization of deferred financing fees $0.05 Noncore AECOM Capital $0.05 Fair value adjustment $0.05 Tax effect of the above items ($0.05) Adjusted EPS guidance $5.20 to $5.30 Article content FY2025 GAAP Net Income from Continuing Operations Guidance based on Adjusted EBITDA Guidance (in millions, all figures approximate) Fiscal Year End 2025 GAAP net income from continuing operations guidance $750 to $753 Net income attributable to noncontrolling interest from continuing operations ($75) to ($65) Net income attributable to AECOM from continuing operations $675 to $688 Adjusted net income attributable to AECOM from continuing operations excludes: Amortization of intangible assets $2 Amortization of deferred financing fees $7 Noncore AECOM Capital $7 Fair value adjustment $6 Tax effect of the above items ($5) Adjusted net income attributable to AECOM from continuing operations $692 to $705 Adjusted EBITDA excludes: Depreciation $165 Adjusted interest expense, net $115 Tax expense, including tax effect of above items $218 to $225 Adjusted EBITDA guidance $1,190 to $1,210 Article content Article content Article content Article content Contacts Article content Investor Contact Article content : Article content Article content Will Gabrielski Article content Article content Senior Vice President, Finance, Treasurer Article content Article content 213.593.8208 Article content Article content Article content Media Contact: Article content Brendan Ranson-Walsh Article content Article content Article content Article content
National Post
7 hours ago
- National Post
TOURISE Announces Cross-Sector Advisory Board to Champion Bold New Platform Rewriting the Rules of Tourism
Article content Leaders from World Travel & Tourism Council (WTTC), Global Sustainable Tourism Council, Amadeus, TikTok, Six Senses, Cirque du Soleil, Turismede Barcelona, Liberty International, Wagonlit Travel, Once Billion Happy, the Saudi Tourism Authority (STA), and the Riyadh School of Tourism and Hospitality at the helm of TOURISE Advisory Board Formation of the Advisory Board reinforces TOURISE's dedication to driving cross-sector global collaboration Advisory Board shape TOURISE summit agenda, ensuring high-impact global issues such as equity, geographical representation and sectoral diversity are in spotlight Article content RIYADH, Saudi Arabia — TOURISE, the bold new global tourism platform, has announced the members of its cross-sector Advisory Board, a powerhouse of industry titans guiding TOURISE's strategic direction and shaping the agenda of the inaugural global summit taking place in Riyadh from 11-13 November, 2025. Article content Article content TOURISE is where cross-sector convergence begins, a platform where leaders and visionaries debate, collaborate and take action to shape the future of tourism. Article content The 14-member board brings together expertise from tourism, technology, aviation, entertainment, education, sustainability and media, making it one of the most intentionally cross-sector bodies in global tourism today. Together, they will champion TOURISE's vision, ensure high-impact global issues such as equity, geographical representation and sectoral diversity are in spotlight and influence the long-term value of the platform. Article content Chaired by His Excellency Ahmed Al-Khateeb, Minister of Tourism of Saudi Arabia, the Advisory Board represents an alliance of cross-industry leaders, assembled to elevate tourism on the global stage and shape a bold new vision for the sector's future. Article content ' TOURISE is driving cross-sector global collaboration, and the formation of the Advisory Board ensures we are uniting diverse perspectives from representatives across the global tourism ecosystem,' His Excellency Ahmed Al-Khateeb said. Article content 'Their visionary thinking and deep expertise will be essential in transforming TOURISE from ambition into action, ensuring the platform becomes a catalyst of innovation, investment, and sustainability in tourism for decades to come.' Article content The TOURISE Advisory Board members are: Article content Julia Simpson, President & CEO, World Travel & Tourism Council. Randy Durband, CEO, Global Sustainable Tourism Council. Luis Maroto, CEO, Amadeus. Blake Chandlee, former President of Global Business Solutions, TikTok. Neil Jacobs, Founder of Wild Origins and former CEO of Six Senses. Stephane Lefebvre, President, Cirque du Soleil Entertainment Group. Jordi Carnes, President of Leitat Technological Center and CTECNO and former Director General of Turismede Barcelona. Mario Enzesberger, Founder and CEO, Liberty International Tourism Group. Patrick Andersen, CEO, Carlson Wagonlit Travel. Mo Gawdat, Founder, One Billion Happy. Thomas Woldbye, CEO, Heathrow Airport. Fahd Hamidaddin, CEO, Saudi Tourism Authority and Vice Chair, TOURISE. Fabien Fresnel, CEO, Riyadh School of Tourism and Hospitality. Jean-Philippe Cossé, International Events Specialist. Article content Julia Simpson, WTTC President & CEO said, ' TOURISE is more than a summit; it's a catalyst for global transformation in tourism. I joined the Advisory Board because I believe in the power of cross-sector collaboration to drive sustainable growth, foster innovation, and set new standards for responsible travel.' Article content Leading up to the TOURISE summit the Advisory Board will meet regularly to advise on the TOURISE program, ensuring global views and insights shape the agenda. Their stewardship ensures that TOURISE isn't just a moment, it's a movement. Article content For more information on TOURISE, the Advisory Board, or to register your interest in attending TOURISE, visit About TOURISE TOURISE is the world's premier platform shaping a new horizon for global tourism. Article content Powered by the Saudi Ministry of Tourism, the inaugural TOURISE Summit will take place 11-13, November 2025 in Riyadh. TOURISE will convene visionaries from government, business, investment, tourism and technology communities to deliver high impact initiatives and transformative deals that will reset the industry and build a tourism sector that is sustainable, equitable, and future-focused. Article content Article content Article content
Globe and Mail
9 hours ago
- Globe and Mail
Unlocking Innovation and Sustainability in Fast Moving Consumer Goods (FMCG) Packaging
London, United Kingdom – August 2025 - Packaging in the Fast Moving Consumer Goods (FMCG) sector is no longer a passive component of the supply chain—it is a strategic lever for brand engagement, regulatory compliance, sustainability, and operational efficiency. From food and beverages to personal care and household items, packaging shapes consumer perception and product longevity. As global demand for convenience, hygiene, and sustainability intensifies, FMCG companies are reimagining their packaging strategies to remain relevant and competitive. According to the newly published Fast Moving Consumer Goods FMCG Packaging Market Report by Strategic Packaging Insights, the FMCG packaging market is entering a critical phase of transformation, with innovation and environmental consciousness defining the next decade of growth. Market Trends: Shifting Consumer Demands and Industry Adaptation Three major trends are reshaping the FMCG packaging sector. First, consumer preference for eco-conscious packaging has escalated. A growing segment of customers now seeks recyclable, biodegradable, and reusable options—pressuring manufacturers to overhaul their legacy systems. Second, convenience remains king. Single-serve packs, resealable closures, and ergonomic designs are becoming more prevalent to meet on-the-go lifestyles. Third, aesthetics and brand differentiation are vital. Bold colors, minimalistic designs, and storytelling on the pack itself have become crucial to capturing consumer attention in overcrowded aisles. Retail and e-commerce are converging, prompting hybrid packaging solutions that must be durable for shipping yet visually appealing for shelf display. The ability to integrate functionality with visual appeal is now a competitive imperative. The rise of private labels, direct-to-consumer (DTC) models, and digitally native brands is intensifying the demand for cost-efficient, sustainable, and agile packaging systems. Technological Advancements: Smart Packaging and Material Innovation Take Center Stage Technology is a driving force in modernizing FMCG packaging. Automation in manufacturing lines is improving scalability and reducing human error. In parallel, smart packaging technologies—including QR codes, Near Field Communication (NFC), and thermochromic inks—are creating interactive user experiences while enhancing traceability and safety. Material innovation is another cornerstone of advancement. Flexible packaging formats using mono-materials are gaining traction due to easier recyclability. Edible and dissolvable films, once conceptual, are now being prototyped for niche applications. High-barrier films, compostable laminates, and lightweight PET alternatives are evolving quickly to match the performance of conventional plastic while minimizing environmental impact. Moreover, artificial intelligence and machine learning are enabling predictive maintenance in packaging machinery and optimizing supply chain efficiencies. Real-time analytics from packaging lines are helping businesses reduce downtime, track performance, and swiftly adapt to SKU variations. Sustainability Challenges: Confronting the Environmental Imperative The FMCG packaging sector is under intense scrutiny for its environmental footprint. Single-use plastics continue to dominate despite their known ecological drawbacks. According to the Ellen MacArthur Foundation, only 14% of global plastic packaging is collected for recycling, with the rest ending up in landfills, incinerators, or marine ecosystems. In response, companies are setting ambitious sustainability targets. Unilever has pledged to halve its use of virgin plastic, while Nestlé and PepsiCo are investing in circular packaging systems. However, the transition is fraught with challenges. Biodegradable materials often require specific industrial composting conditions not available in many regions. Recyclable packaging can be compromised by food contamination or poor consumer sorting habits. Governments are stepping in. The European Union's Packaging and Packaging Waste Regulation (PPWR) and Extended Producer Responsibility (EPR) programs worldwide are compelling companies to internalize the environmental costs of their packaging. These policies are accelerating the shift towards eco-design principles, lifecycle assessments, and sustainable material sourcing. Market Analysis: Competitive Landscape and Growth Projections The global FMCG packaging market is expected to surpass USD 1.1 trillion by 2033, growing at a compound annual growth rate (CAGR) of approximately 5.3% from 2025, as per Strategic Revenue Insights. Asia Pacific currently leads in volume due to population density and rapid urbanization, while North America and Europe dominate in value due to premiumization and higher sustainability standards. Key players include Amcor plc, Mondi Group, Berry Global Inc., Smurfit Kappa Group, Tetra Pak International S.A., Sealed Air Corporation, and Constantia Flexibles. These firms are investing in R&D, vertical integration, and digitalization to enhance resilience and responsiveness. Mergers and acquisitions are also reshaping the competitive landscape. For instance, Amcor's acquisition of Bemis and Sealed Air's venture into automated packaging reflect strategic shifts towards scale and digital capability. Niche players are gaining ground by offering hyper-local, sustainable, or custom-packaging solutions tailored to DTC brands. Future Outlook: Toward a Digitally Integrated, Circular Economy The future of FMCG packaging lies at the intersection of digital transformation, circularity, and consumer empowerment. Regulatory tightening will push brands toward fully recyclable, refillable, or reusable packaging formats. Advanced robotics and modular packaging lines will support SKU proliferation and personalization. Lifecycle transparency—enabled through blockchain and digital twins—will give consumers deeper insights into product origin and impact. Meanwhile, the adoption of refill stations, subscription-based delivery models, and minimalist packaging for digital-native brands will expand, especially in developed economies. Emerging markets will continue to focus on cost-efficiency, with a gradual move toward sustainable formats as infrastructure and consumer awareness improve. In design, the shift toward 'invisible packaging'—where the packaging is minimal, secondary, or composts seamlessly—will gain momentum. Meanwhile, AI-driven design optimization and 3D printing for rapid prototyping will compress time-to-market and enable bespoke packaging at scale. Conclusion: Packaging as the Cornerstone of FMCG Evolution In a landscape characterized by volatility, innovation, and environmental urgency, packaging is no longer an afterthought—it is a strategic differentiator. The FMCG packaging industry is evolving from linear supply chains to dynamic, circular ecosystems enabled by technology, driven by data, and inspired by sustainability. Stakeholders across the value chain—from manufacturers and retailers to regulators and consumers—are co-architecting the future of packaging. For a deeper dive into current developments and emerging opportunities, visit Strategic Packaging Insights, a trusted resource for market intelligence, competitive benchmarking, and innovation tracking across the FMCG packaging spectrum. Media Contact: Strategic Packaging Insights – A Trade Name of SRI Consulting Group Ltd Corporate Headquarters: Suite 10, Capital House, 61 Amhurst Road, London, United Kingdom E8 1LL Phone: +44 7877 403352 Email: sales@ Website:
