333体育平台官网

Continued strong performance delivering profitable growth

Further momentum into 2025 and 2026

Leo Quinn, 333体育平台官网 Group Chief Executive, said: 鈥淭he Group made further strong progress in 2024. We once again delivered managed profitable growth from our earnings-based businesses and healthy cash generation, while also increasing our high-quality order book.

鈥淭he Board continues to have confidence in 333体育平台官网鈥檚 ongoing ability to deliver sustainable cash generation for significant shareholder returns, as evidenced by our announcement of increased dividends and share buybacks for 2025. 333体育平台官网 is well positioned to continue its disciplined performance in the medium term, with strong order book visibility, attractive opportunities in our growth markets of UK energy, transport and defence, and US buildings, and our expert, highly engaged workforce positioning the Group for ongoing success.鈥�

Profitable growth from earnings-based businesses

• Underlying profit from operations (PFO) from earnings-based businesses up 7% to 拢252 million (2023: 拢236 million)
• Underlying profit before tax up 11%, including increased Investments disposals and net finance income
• Underlying EPS of 43.6p up 17% (2023: 37.3p)
• Non-underlying charge of 拢49 million (2023: 拢11m), including provision of costs relating to Building Safety Act

Diversified portfolio driving consistent earnings delivery, with PFO growth in each segment

• Construction Services: PFO up 2% to 拢159 million (2023: 拢156 million)
• Support Services: PFO up 16% to 拢93 million (2023: 拢80 million) driven by strong revenue growth
• Infrastructure Investments: 拢1.3 billion Directors鈥� valuation up 3% (2023: 拢1.2 billion) 

Financial strength and sustainable cash generation supporting increased shareholder returns

• 9% increase in recommended full year dividend at 12.5 pence per share (2023: 11.5 pence per share
• 拢125 million share buyback confirmed for 2025; 2025 total expected cash return of c.拢188 million (2024: 拢161 million)
• Average net cash of 拢766 million (2023: 拢700 million)

Positive outlook with good short-term visibility and significant medium-to long-term potential

• Continued growth in earnings-based businesses underpinned by high-quality 拢18.4 billion order book (2023: 拢16.5 bn)
• Group capabilities aligned to significant future opportunities
• High and rising employee engagement underpinning progress in growing Group鈥檚 capability
• Further profitable growth from earnings-based businesses expected for 2025 and 2026

Notes:
¹ Including share of joint ventures and associates

² Before non-underlying items (Note 9)

³ Excluding non-recourse net borrowings, which comprise cash and debt ringfenced within certain infrastructure investments project companies, and lease liabilities

Underlying profit from operations, or PFO, as defined in the Measuring our financial performance section

A reconciliation of the Group鈥檚 performance measures to its statutory results is provided in the Measuring our financial performance section

To read the announcement in full, click here.

ENDS

Investor and analyst enquiries:
Jim Ryan
Tel. +44 (0)7858 368527
[email protected]

Media enquiries:
Antonia Walton
Tel. +44 (0)203 810 2345
[email protected]

Investor and analyst presentation:

A presentation to investors and analysts will be made at Deutsche Numis, 45 Gresham Street, London, EC2V 7BF at 09:00 (GMT) on 12 March 2025. There will be a live webcast of this on: . The webcast will be recorded and subsequently available at Results, reports and presentations 鈥� Investors 鈥� 333体育平台官网 plc.