Record Order Book
Balfour Beatty achieved a record order book of GBP 19.5 billion, with a strong pipeline totaling GBP 20 billion, indicating significant future growth potential.
Strong Financial Performance in UK Construction
UK Construction profits grew by 35%, achieving a 3% PFO margin target a year earlier than forecast, driven by better operational performance and lower risk contracts.
Growth in Support Services
Support Services revenue increased by 19%, with profits rising 35% to GBP 46 million, driven by higher volumes in the Power business.
Increased Shareholder Returns
The interim dividend was increased by 11% to 4.2p per share, supported by strong cash flow and profitability.
Power Transmission Business Expansion
The power transmission business is expected to double between 2024 and 2026, driven by demand for Net Zero and AI-related projects.