FY 2025 — Annual Report Group HQ · New York, NY Founded 1976
We build the
infrastructure
the world depends on.
Energy corridors, transit systems, port terminals, water networks and the critical backbone that keeps nations running. Wepex Group is a global engineering and infrastructure firm employing 38,000 professionals — delivering projects that define generations.
$24.7B
Group revenueFY24
38,000
Employees26 countries
1,870
Active projects
49yr
In continuous operation
Gulf Coast Energy Terminal — Phase III — A 3.8 GW integrated energy and desalination complex, 22 km offshore Texas.
§ 01 — At a glance
Wepex Group was founded in 1976 with a single port redevelopment contract in Houston, Texas. Forty-nine years later, our people operate across six continents — from the deepwater terminals of the Gulf Coast to the high-speed rail corridors of East Asia, the desalination plants of the Arabian Peninsula, and the transmission grids of Northern Europe.
Listed
New York Stock Exchange
Ticker
NYSE: WPX
Rating
BBB+ stable (S&P)
Auditor
Deloitte & Touche
Reporting · US GAAP · SASB aligned
§ 02 — Selected works
Ten projects, six continents.
Operational · 2025
22.314°N 38.942°E
P-2020-047 · Jeddah, Saudi Arabia
Red Sea Link — Phase II Offshore Platform
3.8 GW integrated energy and desalination complex 22 km offshore. Wepex led the EPC consortium and subsea cable installation. Phase III commissioning underway.
3.8 GW
Capacity
640K m³/day
Desal.
−24%
CO₂
In progress · 64%
33.749°N 84.388°W
P-2022-141 · Atlanta, GA
Atlanta Transit Corridor — East Loop Extension
18.4 km light-rail extension with 11 stations and integrated bus rapid transit. Largest US transit contract awarded in 2024.
$2.1 B
Live ops
Marine · —
29.763°N 95.374°W
P-2019-007 · Houston, TX
Gulf Coast Terminal — Phase III Expansion
1.4 km deepwater container and LNG terminal expansion on the Houston Ship Channel.
3.2 M m³
Fill
Heritage · —
51.517°N 0.060°W
P-2021-203 · London, UK
Royal London Hospital — Atrium Restoration
Grade II listed Victorian atrium stabilisation and modern services integration across three heritage wings.
Grade II
1876
Built
Energy · Live · 2027
60.391°N 5.322°E
P-2023-018 · Bergen, NO
Sognefjord Pumped Storage
2.6 GW reversible hydro plant carved into Norwegian gneiss — a battery the size of a fjord.
2.6 GW
§ 03 — What we do
Five disciplines, one delivery model.
Full capability matrix →Civil & Infrastructure
Bridges, tunnels, rail & highways.
Energy & Grid
Renewables, transmission, storage.
Marine & Ports
Terminals, locks, dry docks, breakwaters.
Civic & Health
Hospitals, universities, transit hubs.
Heritage & Restoration
Stabilising the past for the next century.
Water & Environment
Desalination, treatment, flood defence.
Digital Engineering
BIM, digital twins, autonomous fleets.
Concession & PPP
Owning what we build, where it makes sense.
§ 04 — In the field
See how we build.
From factory floor to open ocean, our teams deliver precision engineering across every discipline. These are not renders — this is work in progress.
01 / MODULAR CONSTRUCTION
Precision at scale
Off-site fabrication of structural modules reduces on-site labour by 40% and cuts programme duration by up to six months. Every module is digitally twinned before it leaves the factory floor.
02 / MATERIALS INNOVATION
The next generation of concrete
Our proprietary WPX-C7 blend uses 68% recycled aggregate and achieves 8,000 psi compressive strength with 22% lower embedded carbon than ASTM C1202 baseline. Certified across 19 jurisdictions.
03 / STEEL & HEAVY LIFT
Engineering without compromise
From deep-water jacket foundations to 12,800-tonne crane vessel lifts, our steel fabrication and marine installation teams deliver the structures that hold the world's energy transition together.
Sustainability
Group decarbonisation programme SBTi · TCFD · EU Taxonomy
From a heavy industry to a measured one.
We track every tonne of CO₂e against every dollar of revenue, in every contract, every quarter, since 2009. The full ledger is open to our shareholders, our regulators and our future.
Embedded CO₂ — tonnes / $M revenue
2009 → 2025 ▼ 57%
on track for −70% by 2030
§ 04 — Group, in numbers
The hard figures from FY24 — audited, US GAAP-prepared, and reconcilable to every press release we've issued since our NYSE listing in 1998.
$24.7B
Group revenue▲ 6.8% YoY · constant FX
$38.2B
Order book · H1 25▲ 12.1% vs FY24
8.4%
Adjusted EBIT margin▲ 50 bps
−57%
Embedded CO₂ / $M rev.since 2009
0.38
LTI rate / 200k hrsvs sector mean 1.7
§ 05 — In motion
The current quarter, unedited.
Pressroom →Featured · Q2 25 Interview 10 min read
“We don’t bid on projects. We bid on decades.”
Katherine Aldridge Chief Executive Officer since 2021
Audio + Transcript — →
§ 06 — Wepex people
38,000 people. One ledger of trust.
We hire engineers who write their own emails, planners who read their own contracts, and apprentices who will still be on our sites the day Wepex turns a hundred.