Everus Construction 2025年度报告

FORM 11-K ☒ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ________________Commission file number 001-42276 A.Full title of the plan and the address of the plan, if different from that of the issuer below: EVERUS 401(k) PLAN B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Everus Construction Group, Inc.1730 Burnt Boat DriveBismarck, North Dakota 58503 Table of Contents Required Information Reportof Independent Registered Public Accounting Firm - Deloitte & Touche LLP (PCAOB Firm ID No. 34) Financial Statements: Statements of Net Assets Available for Benefits - December 31, 2025 and 2024Statement of Changes in Net Assets Available for Benefits - YearEnded December 31, 2025 Notes to Financial Statements - As of December 31, 2025 and 2024, and for the Year Ended December 31, 2025 Supplemental Schedule:Schedule H, Line 4i - Schedule of Assets (Held at End of Year) - December 31, 2025Exhibit IndexSignature Note: All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting andDisclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable. REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Plan Participants and Plan Administrator of Everus 401(k) Plan: Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Everus 401(k) Plan (the "Plan") as of December31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and therelated notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in allmaterial respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan'sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the US federal We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Report on Supplemental Schedule The supplemental schedule of assets (held at end of year) as of December 31, 2025, has been subjected to audit procedures performedin conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan'smanagement. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements orthe underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the /s/ DELOITTE & TOUCHE LLPMinneapolis, MinnesotaJune 24, 2026We have served as the auditor of the Plan since 2025. Everus 401(k) PlanStatement of Changes in Net Assets Available for BenefitsYear Ended December 31, 2025 Everus 401(k) PlanNotes to Financial StatementsAs of December 31, 2025 and 2024, and for the Year Ended December 31, 2025 Note 1 - Description of the Plan The following description of the Everus 401(k) Plan (the Plan) provides only general information. Participants should refer to thePlan document for a more complete description of the Plan’s provisions. General On November 1, 2024, Everus Construction Group, Inc. (Everus or the Company) became a publicly traded company when itsformer parent, MDU Resources Group, Inc. (MDU Resources), distributed 100% of the outstanding common stock of Everus to MDUResources' stockholders (the Separation) on October 31, 2024, via a tax-free spin-off transaction. In connection with the Separation,the Plan was created on September 1, 2024, and assets totaling $180.8million were transferred into the Plan from the MDU ResourcesGroup, Inc. 401(k) Retirement Plan (MDU Resources Plan) for participants of the Employers (defined below), including for In June 2025, assets totaling approximately $1,800 were tr