FEBRUARY 25, 2026 TABLE OF CONTENTS 70 Rainey Texas, United States 2 2025 STANTEC ANNUAL REPORT 3 Letter to Shareholders 4 Financial Highlights 6 About Stantec 7 Business Operating Units 8 Sustainability Leadership M-1 Management's Discussion and Analysis F-1 Financial Statements Annual Report MESSAGE FROM OUR CEO AND BOARD CHAIR Delivering record results and compounding growth into the future Douglas K. Ammerman Chair, Board of Directors Stantec achieved another record-setting year in 2025. Our work contin ...