Balfour Beatty has raised its full-year profit guidance following strong performances across the º£½ÇÊÓƵ, US and Asia. The infrastructure group announced on Thursday that it anticipates post-tax profit to exceed last year’s £205m and be "slightly" above a consensus figure of £209m.
Underlying profit from operations (PF) is also expected to surpass the £236m reported in 2023. Balfour Beatty highlighted robust performances across its global markets, as reported by .
In the º£½ÇÊÓƵ, the company is involved in projects such as HS2 and Hinkley Point C, where progress "continues well."
In the US, Balfour’s order book expanded by over 10 per cent year-on-year, up from £5.7bn in 2024, due to a particularly strong second half order intake. The firm also works on several airport construction projects in Asia, which have boosted annual volumes.
Growth in data centre builds in Hong Kong and Singapore have also supported profit. Such was the performance that shareholders brought in some £160m in 2024 through share buybacks and dividends.
Balfour confirmed a share buyback programme would continue next year, with confirmation of the amount at its full-year results in March. "In 2024, the Group has once again shown the benefit of the geographical and operational diversity of our portfolio, delivering an encouraging overall performance. As a result, we are on track to deliver earnings growth in 2024," said Leo Quinn, Balfour Beatty Group Chief Executive.
The company stated: "We are pleased to confirm our fifth successive year of share buybacks in 2025, as our large orderbook, unique capabilities and balance sheet, provide a strong platform for continuing future shareholder returns."
As a result, shares increased by 1.7% in early trading on Thursday.
