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Cardinal Infrastructure Group Inc. Announces Full Year 2025 Results and Affirms 2026 Guidance

  • Cardinal Infrastructure Group Inc. reported full-year 2025 revenue of $456.0 million, a 45% increase from 2024, with 33% organic growth.
  • Net income for 2025 reached $31.1 million, up 10% from the previous year.
  • Adjusted EBITDA for the full year was $81.5 million, representing a 44% increase from 2024.
  • Total backlog as of December 31, 2025, stood at $682 million, a 33% rise from the prior year end.
  • The company completed its initial public offering in December 2025, raising $139.8 million.
  • Cash and cash equivalents increased to $97.1 million as of year-end 2025 from $20.9 million in 2024.
  • Capital expenditures for 2025 were $43.8 million, compared to $20.8 million in 2024.
  • On February 18, 2026, Cardinal acquired A.L. Grading Contractors to expand its footprint into Georgia.
  • Anthony "Lee" Wood joined Cardinal's Board of Directors, while Benjamin "Benji" Wood was appointed Chief Operating Officer effective March 12, 2026.
  • Cardinal reaffirmed 2026 guidance for revenues between $665 million \& $678 million.
  • The company projects an Adjusted EBITDA margin of 20% or higher for 2026.
  • Management cited robust bidding \& strong demand in residential \& commercial sectors as key drivers for growth.