4th Dec 2025 10:40
(Alliance News) - Balfour Beatty PLC on Thursday said it is on track to achieve full-year earnings expectations as it hailed UK energy market momentum for boosting its order book.
In a trading update, the London-based international infrastructure construction firm said it expects the order book to grow by around 20% in 2025 from GBP18.44 billion the year prior.
Full-year revenue is anticipated to be over 5% ahead of last year's GBP10.02 billion. It attributed this to "ongoing momentum" in the UK energy market.
Underlying profit from operations from earnings-based businesses is expected to be ahead of the GBP252 million reported last year. Balfour Beatty said a strong performance in the UK Construction and Support Services division has been "partially offset" by lower US Construction profit.
The company said it anticipates a gain of between GBP30 million to GBP40 million in infrastructure investment disposals, following the company's 2025 disposal programme.
The 2025 average monthly net cash is expected to be at the top end of the previously guided GBP1.1 billion to GBP1.2 billion range, compared to GBP766 million the year before.
"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," said Chief Executive Philip Hoare.
Shares in Balfour Beatty rose 1.1% to 717.00 pence on Thursday morning in London.
By Roya Shahidi, Alliance News reporter
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