Business
Balfour Beatty 2025 full year results
Balfour Beatty PLC reported strong full-year results for 2025, with revenue increasing by 8% to £10,767 million, driven by UK power transmission and US buildings demand. Underlying profit from operations in earnings-based businesses rose 16% to £293 million, and underlying earnings per share were 47.6p, up 9%. The company announced a £200 million share buyback for 2026 and increased its full-year dividend by 12% to 14 pence per share. The order book grew by 23% to a record £22.7 billion, and the company anticipates further profitable growth in 2026 and 2027 due to accelerating demand in its chosen markets. Disclaimer*
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nBALFOUR BEATTY PLC RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2025\n11 March 2026 \nStrong growth in earnings and order book - £200 million 2026 share buyback\n Further momentum into 2026 and 2027 with accelerating demand in chosen markets\n \nPhilip Hoare, Balfour Beatty Group Chief Executive, said: \"Since joining in September, I've been truly impressed by the depth of talent across Balfour Beatty and the inherent strength of the Group. Our capabilities, the quality of our order book and our disciplined approach to risk provide a powerful foundation for the future.\n\"In 2025, the Group delivered on expectations with further earnings growth, fuelled by strong operational performance and momentum in chosen growth markets, where our end-to-end expertise, proven delivery and long-standing customer relationships continue to differentiate Balfour Beatty.\n\"As the industry faces unprecedented demand and a widening skills gap, we'll continue to invest in our people and in technology, driving further gains in productivity and operational excellence. Supported by a robust balance sheet and a resilient diverse business model, we are incredibly well positioned to respond to market dynamics, accelerate profitable growth, improve margins and drive value creation for our customers, communities, and shareholders.\"\nFull year expectations delivered with profitable growth in earnings-based businesses for the fifth consecutive year\n· 8% revenue growth driven by UK power transmission and US buildings demand\n· Underlying profit from operations (PFO) from earnings-based businesses up 16% to £293 million (2024: £252 million)\n· Underlying EPS of 47.6p up 9% (2024: 43.6p)\nProgress made across diverse portfolio\n· UK Construction: Delivered profitable underlying growth to surpass 3% margin target one year ahead of expectations\n· US Construction: Strong Buildings performance offset by cost overruns at one Civils project; recoveries bei...