Balfour Beatty Expects 2026 Profit Rise on Record UK Power Project Orders
Financial Performance and Strategic Developments
2026 Profit Forecast and Order Book Growth
March 11 (Reuters) - British construction group Balfour Beatty forecast a high single-digit percentage rise in 2026 profit from operations on Wednesday, with a record order book heavy with UK power projects, including nuclear power.
Shareholder Returns and Dividend Increase
Balfour also announced a 200-million-pound share buyback and a 12% increase in its full‑year dividend to 14 pence per share.
Market Reaction
Shares rose 12% to a record high in early trading.
Business Operations and Market Impact
The company, which provides services to public- and private‑sector clients across power, transportation and defence in the U.S. and UK, said U.S. tariffs had a relatively low impact on its business in 2025 and were largely recovered through pre‑existing contract terms.
Profit Growth and Project Performance
The contractor's underlying profit from operations from earnings-based businesses rose 16% to 293 million pounds ($393.56 million) in 2025 as strong U.S. building construction offset cost overruns at its highways project in Texas.
Exchange Rate
($1 = 0.7445 pounds)
Reporting Credits
(Reporting by Neeshita Beura in Bengaluru; Editing by Rashmi Aich and Harikrishnan Nair)
