Company: BWNB
Filing Date: 2025-03-17
Form Type: NT 10-K
Source: 0001104659-25-024162
Chunk: 1

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-17
Form: NT 10-K
Chunk 1
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-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Babcock & Wilcox Enterprises, Inc. (the “Registrant”)
is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December
31, 2024 (the “2024 Form 10-K”) because it is unable to file its 2024 Form 10-K within the prescribed time period without
unreasonable effort or expense. The Registrant is unable to file the 2024 Form 10-K within the prescribed time period for the following
reasons:

| · | The implementation of                                                         
 changes related to certain accounting systems and platform of the Registrant; |

| · | The evaluation, accounting                                            
 for and reclassification of certain assets due to asset dispositions; |

| · | Accounting for various                                     
 subsidiaries as held for sale and discontinued operations; |

| · | Negotiations to restructure                    
 the Registrant’s current debt obligations; and |

For these reasons, management has determined that additional time
is needed to prepare and review the 2024 Form 10-K. The Registrant expects to file its 2024 Form 10-K within the 15-day extension period
prescribed by Rule 12b-25 under the Securities Exchange Act of 1934.

Forward Looking Statements

This notification of late filing contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current
fact included in this notification of late filing are forward-looking statements. These forward-looking statements are based on management’s
current expectations, projections, estimates and assumptions. Such forward-looking statements include statements regarding the Registrant’s
expectation relating to the filing of the 2024 Form 10-K and the Registrant’s ability to file the 2024 Form 10-K within the 15-day
extension period prescribed by Rule 12b-25. These forward-looking statements are made as of the date of this filing and are subject to
numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially
from those expected. Important factors that could cause actual results to differ materially from projections contained in the forward-looking
statements include those factors contained in the