Mammoet

These activities were supported by the ongoing diversification from Oil & Gas into growth segments, including Renewables, Civil, Nuclear, and Power. As the energy transition progresses steadily and demand for Oil & Gas persists, Mammoet remains committed to serving its established clients in the sector, reinforcing its reputation as a trusted partner and positioning the company for long-term success.

Demonstrating market leadership, Mammoet also became the first major heavy lifting and transport company to commit to large-scale use of HVO in the Netherlands, UK, and Canada, reducing emissions while investing in fully electric equipment to support its “zero-emissions on site” offering.

This approach enables the efficient allocation of personnel and equipment to key areas, alleviating pressure on the workforce and improving asset utilization. Acknowledging that high-quality project execution requires exceptional talent, Mammoet is addressing the competitive labor market—where skilled engineers, crane operators, rigging specialists, and safety experts are in high demand—by focusing on recruitment, training and management of its global workforce, while exploring new ways to mitigate this challenge.

The Group completed a diverse range of projects, from a gas platform in the North Sea to the lifetime extension project at Bruce Nuclear Power Plant, a record-breaking petrochemical splitter transport through snowy conditions in Canada, and the safe relocation of the iconic Kiruna Church, a Swedish architectural landmark.

Mammoet also successfully executed Elevate, its transformation program, embedding it into the company’s culture. This has streamlined operations, strengthened teams, and improved decision-making. These structural improvements will generate recurring benefits for the business.

Beyond the achievements of the transformation programs, the portfolio now reflects limited loss-making projects, stronger overall results, and improved risk and contract management. This is partly attributable to a streamlined organization that enhances business focus and brings top management closer to operations.

The Sherpa program, designed to replace its existing core application landscape, progressed in 2025 with successful launches completed. Lessons learned are being incorporated into updates for regions where implementation remains pending.

The company is enhancing its safety culture through safety leadership programs tailored to various levels of the organization, supported by a data-driven approach to further improve safety performance.

Geopolitical developments may affect ongoing projects and future customer investments. Mammoet will continue to manage this through project selectivity and disciplined risk management.