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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 £18.44 billion the year prior.
Full-year revenue is anticipated to be over 5% ahead of last year’s £10.02 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 £252 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 £30 million to £40 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 £1.1 billion to £1.2 billion range, compared to £766 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.
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