The infrastructure group also confirmed plans for further share buybacks in 2026, reinforcing its commitment to shareholder returns.

Among the financial highlights, Balfour Beatty’s order book is expected to rise by around 20% in 2025, driven by UK Construction and £3.5 billion of new power generation orders.

Revenue is forecast to be more than 5% ahead of FY2024’s £10.0bn, supported by UK energy and US buildings markets.

Underlying profit from operations is anticipated to exceed FY2024’s £252 million, with strong UK performance offsetting weaker US Construction results, while gains on disposals remain on track at £30–£40m.

Average monthly net cash is expected at the top end of the £1.1–£1.2bn guidance range, up from £766m in 2024.

Philip Hoare, group chief executive, praised the company’s resilience and talent: “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. These values, alongside exciting opportunities in our end-markets and a high-quality order book, give the group a powerful platform to shape the next chapter of growth.”

Hoare added that the immediate priority is to finish 2025 strongly while laying the groundwork for further progress in 2026, including continued PFO growth and a new share buyback programme.