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Bird Construction Inc reported a record backlog exceeding $11 billion in Q4 2025, representing 45% growth over 2024. The company secured $4.7 billion worth of work during the year and achieved a full-year gross profit margin of 10.5%, up from 9.7% in 2024. However, the company posted a net loss of $14 million in Q4, primarily due to a $62.2 million impairment on accounts receivable related to customer creditworthiness concerns. Revenue remained flat compared to 2024, affected by project delays and unfavourable weather conditions. Bird Construction's acquisition of FRPD expanded its self-performed capabilities in marine construction and dredging. The company expects double-digit revenue growth in 2026, with 54% of its backlog scheduled for execution during the year.

Bird announces Development Phase Agreement for Peel Memorial Hospital Phase 2 Redevelopment. Bird Construction Inc. (TSX: BDT) is pleased to announce that it has entered into a Development Phase Agreement (DPA) with Infrastructure Ontario (IO) and William Osler Health System (Osler) for the Peel Memorial Hospital Phase 2 Redevelopment project. This announcement follows Bird's selection as the Preferred Proponent, announced September 29, 2025, and marks the commencement of the Development Phase. As Development Partner, Bird will work in close collaboration with Osler and IO to advance the project's design, schedule, pricing, and risk parameters under a progressive design-build model. Upon successful completion of the Development Phase, Bird expects to enter into a target price Project Agreement to deliver the project. "The DPA for the Peel Memorial Hospital Phase 2 Redevelopment reflects Bird's extensive experience delivering complex healthcare infrastructure across Canada," said Teri McKibbon, President & CEO of Bird. "This progressive contracting model fosters early engagement, informed decision-making, and disciplined risk management, which are all key drivers of value for our clients, partners, and communities. We remain committed to delivering high-performing institutional projects that contribute to long-term value creation and reinforce our leadership in nationally significant sectors." About Bird Construction Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca This press release contains forward-looking information (as defined in applicable Canadian securities legislation). This forward-looking information, including the likelihood and timing of entering into a Project Agreement and commencing construction of the project, is based on currently available competitive, financial and economic data but is subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information. These risks, uncertainties and other factors are described in greater detail in the "Risk Factors" section of the Company's Management's Discussion and Analysis for the fiscal year ended December 31, 2024, which is filed under the Company's profile on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. T.L. McKibbon, President & CEO or W.R. Gingrich, CFO Bird Construction Inc. 5700 Explorer Drive, Suite 400 Mississauga, ON L4W 0C6 Phone: (905) 602-4122