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
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)
