Balfour Beatty boss Philip Hoare has vowed to continue to invest in the company's people following a strong year which saw a record £22.7billion order book up 23%.
Announcing its 2025 full year results this morning, Balfour Beatty revealed revenue had risen 8% to £10.77billion driven by UK power transmission and US buildings demand.
Underlying profit from operations (PFO) from earnings-based businesses was also up 16% to £293million.
Philip 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.
"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.
"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."
FSTE100
The UK's flagship share index, the FTSE 100, was down 45 points at 10,346 shortly after opening this morning.
Brent crude oil futures were down 2.12% at $89.43 a barrel.
Companies reporting today
- 4imprint Group - Full Year Results
- Balfour Beatty - Full Year Results
- Bodycote - Full Year Results
- Breedon - Full Year Results
- Hill & Smith - Full Year Results
- Hochshild Mining - Full Year Results
- Legal & General - Full Year Results
- Supermarket Income REIT - Half Year Results