Business
BALFOUR BEATTY 2026 AGM TRADING UPDATE
Balfour Beatty has reported strong trading performance year-to-date, maintaining expectations for high single-digit percentage growth in profit from operations for its earnings-based businesses in 2026, with no change to prior guidance. The company secured significant new contract awards, including a c$270 million redevelopment project at Fort Carson, a $150 million data centre, and a $140 million high school in the US, alongside a £138 million dual carriageway contract and a £315 million Warwickshire Highways Maintenance contract in the UK, potentially worth up to £900 million. Balfour Beatty's 50% share of new contract awards in Asia totalled approximately £330 million. The average monthly closing net cash balance for the first three months of 2026 was £1,554 million, and the £200 million share buyback program is on track for completion. Disclaimer*
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n\n\n\n\n\n\nNews Release\n 7 May 2026\n\nBALFOUR BEATTY 2026 AGM TRADING UPDATE\n\nAhead of today's Annual General Meeting, Balfour Beatty announces an update on trading for the period 1 January 2026 to date.\nBalfour Beatty has performed well year to date with the Board continuing to expect high single digit percentage growth in profit from operations from its earnings-based businesses in 2026, and no change to the guidance given at full year results in March. The Group's contract mix continues to provide strong protection from the volatile macroeconomic backdrop and related inflationary pressures.\nPositive momentum across Balfour Beatty's key markets has continued into 2026, with demand remaining strong. The Group continues to apply a disciplined and selective bidding approach in pursuit of a high‑quality, low‑risk forward order book, which at the end of Q1 remained in line with the year‑end position. During the period, the Group made further progress in securing new contract awards and advancing opportunities for future work across its four chosen growth markets, including:\n- UK Energy: Strong growth and operational performance continued in the power transmission business, which is delivering new transmission schemes for National Grid, SSEN and Scottish Power. Fifteen of these schemes are currently in the design phase, with the majority expected to enter the construction phase in the next 18 months, at which point the full value of the project will be added to the Group's order book;\n- US Buildings: The business secured new contract awards across its diversified US footprint, the most significant of which were: the c$270 million redevelopment project at Fort Carson US army base in Colorado, where the Group will build c400 new homes for military families; a $150 million data centre for a long term customer in the Northwest; and a $140 million order for a high school in California; \n- UK Transport: In UK Construction, the Group was awarded a £138 million contract to construct a new dual carriageway and two new bridges at North Hykeham in Lincolnshire, and in Support Services, the Group was awarded the £315 million seven-year Warwickshire Highways Maintenance contract. This includes an option to extend the contract by a further six years ba...