Strong Financial Performance
Revenue grew by 4% to GBP10 billion, with profit from earnings-based businesses increasing by 7% to GBP252 million. Overall profit for the year rose by 11% to GBP227 million, and earnings per share increased by 17% to 43.6 pence.
Significant Order Book Growth
The order book grew by 12% to GBP18.4 billion, providing increased visibility for future work. UK Construction increased slightly to GBP6.2 billion, while the US order book rose by 25%.
Cash and Dividend Strength
Year-end net cash was GBP943 million, with average net cash of GBP766 million. A final dividend of 8.7 pence was announced, bringing the total dividend for the year to 12.5 pence, a growth of 9% over the prior year.
Employee and Safety Achievements
Employee engagement improved to 84%, which is 10 points higher than peer groups. The safety record has dramatically improved, with lost time accidents halved since 2021.
US Market Growth Potential
US Buildings saw a 24% growth, with strong performance across various sectors including tech, hospitality, and education. The US order book shows strong growth potential with several major frameworks won.