In a turnaround year for the building business turnover at the construction division edged up 7% to £979m, driving the recovery in adjusted EBITDA after the prior year’s red ink, stemming mainly from the Co-op Live job in Manchester.
The UK civils arm again proved the engine room. BAM Nuttall generated £81m profit on £1.55bn revenue, delivering a 5.2% operating margin.
Together the building and civils arms broke through the £2.5bn revenue barrier, delivering a combined trading profit of £108m.
BAM UK trading
Division
Turnover 2025
Turnover 2024
EBITDA* 2025
EBITDA* 2024
Construction UK
£979m
£917m
£27m
-£24m
Civil engineering UK
£1,552m
£1,432m
£81m
£90m
*Adjusted
Civil engineering enjoyed strong performances across rail, energy transition and infrastructure. Recent wins included two substations for SSE Transmission.
Bam’s UK building business secured Framwellgate High School, New Dargavel Primary School and the North Devon District Hospital Residence.
Across the wider combined United Kingdom and Ireland division, revenue climbed 10% to £3bn, while adjusted EBITDA jumped to £140m from £100m, lifting margin to 4.7%.
The order book remained strong at £6bn. The reported 3.7% dip against year-end 2024 was driven by the negative impact of sterling exchange movements, worth €337m at group level.
Ruud Joosten, CEO of Royal BAM Group, said he believed the construction market in the United Kingdom would now strengthen, supported by the UK Government’s continued focus on energy security and the planned rise in defence investment.
He added that in London, commercial planning activity was also on the rise, with growing emphasis on retrofit developments.
