Civils business posts strong EBITDA despite fall in income

The UK and Ireland arm of Dutch building giant Royal Bam has recorded an increase in revenue and profit in the first half of 2026.

Interim results released today show the group’s UK and Ireland division made revenue of £1.73bn in the period, up 4% from £1.67bn in the same period in 2025.

bam

Meanwhile, adjusted EBITDA, a measure of profit, stood at £98m, up from £66m.

The increase in revenue came despite a drop in income from civil engineering, which fell from £919m to £909m, but nonetheless increased adjusted EBITDA from £47m to £69m.

“The performance of Civil Engineering UK was strong in the first half-year, supported by some claim settlements and its high-quality order book in rail and energy transition-related projects,” the group said.

Meanwhile, the income from the UK construction business grew from £519 to £551m, with profit up from £8m to £21m. But it was the Irish business that saw the biggest revenue growth, from £267m to £322m, though EBITDA in the country dropped from £16m to £10m. 

Overall, the UK and Ireland business’ order book was down 12% from £6.9bn to £6.1bn.

The rises and falls in Bam’s income and order book were somewhat diminished by fluctuations in the pound’s exchange rate, which had a €51 million negative effect on revenues and a positive effect of €74 million on the order book.

During the period, Bam recorded project wins including Wales High School, Royal School Wolverhampton and Our Cultural Heart Phase 2, alongside the Upper Thurne Pumping Stations project.