THE Balfour Beatty board expects an increase in profit from operations from its earnings-based businesses in 2025.
The news was released in a trading update ahead of the group’s AGM, covering the period since the start of January this year.
Balfour Beatty said the ‘positive momentum’ in the firm’s key markets has continued since the 2024 full-year results were published in March and the group ‘remains committed to a selective bidding approach in the continued pursuit of a high-quality and low-risk forward order book’.
Notable orders in the period include the UK rail business securing around £450 million of new work, including civil engineering works under CP7, track renewal with the Central Rail Systems Alliance, and fleet supply and operation for Network Rail.
Over the first three months of 2025, the average monthly closing net cash balance was £1,060 million (FY 2024 average: £766 million, 2024 closing: £943 million).
Balfour Beatty added that the £125 million share buyback is on track to be completed by the end of the year, with approximately £46 million completed to date.
