3 2025 INTEGRATED REPORT DELIVERING PERFORMANCE Last year, our teams completed transformational projects across the globe while continuing to win significant new work in each of our three business segments. In tandem, we are fulfilling our commitment to return value to our shareholders through share repurchases and the monetization of non-core investments. Underscoring the durability of our global footprint, we celebrated major anniversaries in long-standing markets, including 30 years in India, 75 years in Australia, and 80 years in Poland. Despite shifts in trade policy, geopolitical dynamics, and supply chain challenges, Fluor remains resilient and well positioned to help clients execute their capital programs. Our strength resides in our experienced teams and a consistent record of delivering complex projects around the world. That expertise is essential for Fluor to support our clients as they navigate their business opportunities. We are encouraged by the diversity of our backlog and prospect pipeline and are confident that this foundation positions Fluor for continued growth and strong, reliable performance in the years ahead. Our shareholders, by focusing on value creation, practicing disciplined capital allocation, and returning capital to them. Our clients, by executing consistent, quality projects in the most challenging environments. Our partners and suppliers, by creating shared value through competitive and sustainable sourcing and community engagement in the regions where we operate. Our employees, by providing safe workplaces, investing in their development, and providing opportunities for growth through meaningful projects. To sum up the year, in 2025, we reaffirmed our industry leadership by completing major energy and chemical projects and securing transformative opportunities in life sciences and mining. Amid a rapidly evolving landscape, our people’s expertise, agility, and commitment to client success remain our greatest strength as we capitalize on exciting markets and shape the future. COMMITMENT TO OUR STAKEHOLDERS Driven to deliver emphasizes our commitment to provide value to our broader stakeholder base. Namely: Refer to Jim Breuer’s Chief Executive Officer’s Review beginning on page 6, as well as the 2025 highlights infographic on pages 14 to 15 for details on Fluor’s financial and non-financial performance in 2025. Leadership and Governance Our Key Markets Our Impact Who We Are
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