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
Sognefjord Pumped Storage — 2.6 GW reversible hydro plant carved into Norwegian gneiss. A battery the size of a fjord.
§ 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.
Listed
New York Stock Exchange
Ticker
NYSE: WPX
Rating
BBB+ stable (S&P)
Auditor
Deloitte & Touche
Reporting · US GAAP · SASB aligned
§ 02 — Selected works
Twelve projects, six continents.
Delivered · 2025
47.267°N 11.392°E
P-2018-094 · Tyrol, Austria
Brenner Base — North Approach, Tube T-3
22.4 km twin-bore alpine tunnel beneath the Stubai range. Wepex led the TBM consortium and cross-passage civils. Excavated material reused as aggregate within a 40 km radius.
10.7 m
TBM Ø
C50/60
Concrete
−18%
CO₂
In progress · 78%
52.524°N 13.369°E
P-2022-141 · Berlin, DE
Berlin Hauptbahnhof — Southern Concourse
14,800 m² extension, glass-and-steel canopy spanning four ICE platforms. Built without interrupting service.
€1.4 B
Budget
Live ops
Status
Marine · —
51.916°N 4.487°E
P-2019-007 · Rotterdam
Maasvlakte III — Caisson Dry Dock
A 1.2 km automated container quay built on a man-made polder.
2.1 M m³
Fill
Heritage · —
41.404°N 2.174°E
P-2021-203 · Barcelona
Hospital de Sant Pau — Pavilion 04
Modernist masonry stabilisation across nine pavilions. UNESCO listed since 1997.
UNESCO
Listing
1902
Built
Live · 2027 · 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
Capacity
§ 03 — What we do
Eight 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.