Wood Group shares will resume trading on Wednesday following publication of its delayed financial statements.

Its report for the year to 31 December 2024 and half year results for the six months ended 30 June 2025 were published last week.

The Financial Conduct Authority has now restored the Aberdeen-based company’s ordinary shares to the main market of the London Stock Exchange, with effect from 8am on 6 November.

Shareholders will vote in the week beginning 17 November on the proposed acquisition of the company by Dubai-based consultancy Sidara.

Its offer of 30p per Wood share, valuing the company at £216m, has been unanimously recommended by the board. The acquisition includes a capital injection of $450m.

The delayed annual accounts for 2024 show the company made a loss from continuing operations of $2.76 billion before tax, compared with a restated loss of $151.9m for the year before. This primarily reflects an impairment of goodwill and intangibles of $2.2 billion and exceptional charges of $425 million.

Results for the half year to the end of June 2025 showed EBIT fell 38% to $63 million compared to the same period last year, reflecting a 13.3% decline in revenue to $2.4 billion and the impact of business disposals.

Despite these challenges, the company’s order book grew to $6.5bn, up 6% year-on-year and 12% from December 2024, indicating continued client confidence in Wood’s technical capabilities.