Business
BALFOUR BEATTY 2025 TRADING UPDATE
Balfour Beatty PLC anticipates achieving its full-year earnings expectations, with its order book projected to grow by approximately 20% to over £22 billion, driven by significant new power generation orders in the UK. Revenue is expected to exceed the prior year by over 5%, reaching more than £10.5 billion, while underlying profit from operations in earnings-based businesses is forecast to be ahead of last year, despite a dip in US Construction profit. The company expects average monthly net cash to be at the top end of its £1.1 to £1.2 billion guidance range and plans further share buybacks in 2026, having already returned £189 million to shareholders in 2025 through buybacks and dividends. Disclaimer*
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nNews Release\n \n4 December 2025\nBALFOUR BEATTY 2025 TRADING UPDATE\nOn track to achieve full year earnings expectations, with strong cash and order book growth\nFurther share buybacks in 2026\nBalfour Beatty, the international infrastructure group, today provides a trading update covering the period to 4 December 2025.\nFinancial Update\n· Order book expected to grow by around 20% in 2025 (FY2024: £18.4 billion) driven largely by UK Construction, where the ongoing momentum in the UK energy market has contributed to over £3.5 billion of new power generation orders in the year.\n· 2025 revenue expected to be over 5% ahead of prior year (FY2024: £10.0 billion) with strong progress made in the Group's chosen growth markets, principally UK energy and US buildings.\n· 2025 underlying profit from operations (PFO) from earnings-based businesses expected to be ahead of the prior year (FY2024: £252 million), with strong performance in UK Construction and Support Services being partially offset by lower US Construction profit.\n· 2025 gain on Infrastructure Investment disposals on track to achieve £30 - £40 million.\n· 2025 average monthly net cash expected to be at the top end of the previously guided\n£1.1 - £1.2 billion range (FY2024: £766 million).\nQuote\nPhilip Hoare, Balfour Beatty Group Chief Executive, said:\n\"In my first three months at Balfour Beatty, I've been delighted to see first-hand the pride, care, and passion on which the company is built, and the team's depth of talent and technical expertise has genuinely exceeded my expectations. These values and capabilities, alongside exciting opportunities in our end-markets, a high-quality order book and disciplined risk processes, give the Group a powerful platform to shape the next chapter of growth and deliver lasting value for all our stakeholders.\n\"Our immediate priority is to finish 2025 strongly, while laying the groundwork for further progress in 2026, where I expect the Group to continue on its journey of delivering PFO growth from its earnings-based businesses. In addition, we are reaffirming our commitment to shareholder returns and confirming a further share buyback for 2026.\"\nOperational Update\nConstruction Services:\nIn the UK, the business continu...