**Summary of Balfour Beatty PLC 2025 Half Year Results**
Balfour Beatty PLC, a leading infrastructure group, reported strong half-year results for 2025, driven by robust performance in the UK and growth in earnings-based businesses. The company is on track to meet full-year expectations, supported by a high-quality order book and momentum in key growth areas.
**Financial Highlights**
**Underlying Profit from Operations (PFO):** Increased by 7% to £108 million, with UK Construction and Support Services driving growth.
**Order Book** Grew by 6% to £19.5 billion, providing visibility and underpinning future growth.
**Revenue:** Rose by 10% to £5150 millionled by US ConstructionUK Constructionand Support Services.
**Cash Position** Average net cash increased to £1,102 million, reflecting strong cash generation.
**Dividend** Interim dividend increased by 11% to 4.2 pence per share.
**Segment Performance**
**UK Construction** Achieved a 3.6% PFO margin, meeting its 3% target a year ahead of schedule.
**US Construction** Mixed performance, with strong Buildings growth offset by a loss in Civils due to a Texas project.
**Support Services** PFO up 35% to £46 million, driven by power transmission business growth.
**Infrastructure Investments** £10 million loss, with a forecast gain on disposals of £30-£40 million for the full year.
**Strategic Growth Markets**
**UK Energy Transition and Security** Progress on projects like Net Zero Teesside and Sizewell C.
**UK Transport** Secured £500 million in new rail orders and major highways projects.
**UK Defence** Well-positioned for government infrastructure investments.
**US Buildings** 6% order book growth, driven by residential, hospitality, education, and data centres.
**Outlook**
On track to achieve full-year earnings expectations, with further growth in 2026.
Continued focus on disciplined bidding, robust governance, and sustainable shareholder returns.
Strong pipeline of opportunities in key growth markets, supported by government infrastructure initiatives.
**Conclusion**
Balfour Beattys first-half performance demonstrates its resilience and strategic focus, with strong financial results, a growing order book, and progress in key markets. The company remains confident in its ability to deliver profitable growth and sustainable shareholder returns, underpinned by its expertise and market-leading positions.