Order book hits record £7bn
Revenue at Costain fell last year but the firm saw pre-tax profit jump in its 2025 results announced this morning.
The company, which was recently admitted to the FTSE 250 index after an absence of more than two decades, said turnover slipped 16% to just over £1bn but pre-tax profit was up one third to £48m.
The firm said its net cash at the year-end was £189m, up from £158.5m, with its forward order book, which includes preferred bidder work, up to a record £7bn from £5.4bn last time.
It added: “[There are] substantial growth opportunities across all target markets outlined in the government’s 10-year Infrastructure Strategy, including regulatory commitments in water, energy and aviation.”
The firm operates across two businesses – natural resources and transportation – with income from natural resources up 9% to £440m but a fall in road work and some jobs on HS2 being moved into this year meant revenue from its transportation business slipped 28% to £605m.
Costain also announced a £20m share buyback initiative this year with its full-year dividend rising 75% to 4.2p.
No comments yet