John Wood Group PLC
LSE:WG

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John Wood Group PLC Logo
John Wood Group PLC
LSE:WG
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Price: 23.8066 GBX -1.63% Market Closed
Market Cap: 164.7m GBX

John Wood Group PLC
Investor Relations

John Wood Group Plc is an energy service company. The company is headquartered in Aberdeen, Aberdeenshire. The company went IPO on 2002-06-05. The firm's four operating segments are: Projects, Operations, Consulting and Investment Services (IVS). Its Projects segment include engineering, procurement, construction (EPC) contracts, and construction management. Its Operations segment include Electric Vehicle Charging infrastructure across United Kingdom and Europe. Its Consulting segment is focused on development a road-map for a net-zero transit network in Canada, also focusing on renewable energy, process & chemical and conventional energy. The firm's Investment segment include Aegis project

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Oct 31, 2025
AI Summary
Q2 2025

Results Delay: Wood Group finally published its delayed FY24 and H1 25 results after a lengthy audit and restatement process, providing a financial baseline for moving forward.

Sidara Acquisition: Publication of financials fulfills key conditions for the Sidara acquisition, which is now set for a shareholder vote on November 17, 2025, with expected deal close in H1 2026.

Financial Performance: FY24 revenue fell 1% to $5.5 billion, and adjusted EBIT dropped 52% to $81 million, reflecting operational issues and significant one-off charges.

Profitability Pressures: All business units saw underlying EBIT declines, with notable contract losses and nonrecurring review-related charges further weighing on results.

No Guidance: Management withdrew financial guidance due to ongoing uncertainty, operational disruptions, and the complexities around the audit and Sidara process.

Debt and Liquidity: Net debt stayed flat at $683 million at year-end, and working capital pressures increased as liquidity tightened due to delayed refinancing.

Order Book Recovery: Despite headwinds, the order book improved to $6.5 billion as of June 30, 2025, aided by major client wins.

Key Financials
Revenue
$5.5 billion
Adjusted EBIT
$81 million
Consulting Adjusted EBIT
$20 million
Projects Adjusted EBIT (excluding review charges)
$84 million
Operations Adjusted EBIT
$94 million
Independent Review Charges (in Adjusted EBIT)
$55 million
Free Cash Flow
outflow of $153 million
Net Debt (excluding leases as of Dec 31, 2024)
$683 million
Order Book (as of June 30, 2025)
$6.5 billion
Statutory Loss
$2.8 billion
Revenue (H1 2025)
$2.4 billion
Adjusted EBIT (H1 2025)
$63 million
Earnings Call Recording
Other Earnings Calls
2025
2024
2023
2022

Management

Mr. Kenneth Gilmartin
CEO & Director
No Bio Available
Mr. Arvind Balan
Chief Financial Officer
No Bio Available
Mr. Steve James Nicol
Executive Vice President of Operations
No Bio Available
Mr. Simon McGough
President of Investor Relations
No Bio Available
Mr. Michael Rasmuson
Group General Counsel & Company Secretary
No Bio Available
Ms. Marla Storm
Chief Human Resources Officer
No Bio Available
Mr. Tony Dinozzi
Group Head of M&A
No Bio Available
Mr. Carl Catfield
Group Head of Treasury & Taxation
No Bio Available
Ms. Jennifer Richmond
Chief Strategy Officer
No Bio Available
Mr. Craig Shanaghey
Executive President of Projects
No Bio Available

Contacts

Address
ABERDEENSHIRE
Aberdeen
15 Justice Mill Lane
Contacts
+441224851000.0
www.woodplc.com