BALFOUR Beatty is on track to achieve full-year earnings expectations with strong cash and order book growth, the contractor has revealed in a trading update.
Covering the period to 4 December 2025, Balfour Beatty announced that order book is expected to grow by around 20% in 2025 (FY2024: £18.4 billion), driven largely by UK construction where ongoing momentum in the energy market has contributed to over £3.5 billion of new power generation orders in the year.
2025 revenue is anticipated 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.
Underlying profit from operations from earnings-based businesses is also 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.
Average monthly net cash for the year is expected to be at the ‘top end’ of the previously guided £1.1 – £1.2 billion range (FY2024: £766 million).
Philip Hoare, Balfour Beatty group chief executive, said, “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.
“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.”
