The Balfour Beatty PLC Board is recommending a final dividend of 8.7 pence per share, giving a total recommended dividend for the year of 12.5 pence per share. The final 2024 dividend will be paid on 2 July 2025.
Other Financial Highlights Include:
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Underlying profit from operations (PFO) from earnings-based businesses up 7% to £252 million (2023: £236 million)
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Underlying profit before tax up 11%, including increased Investments disposals and net finance income
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Underlying EPS of 43.6p up 17% (2023: 37.3p)
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Non-underlying charge of £49 million (2023: £11m), including provision of costs relating to Building Safety Act
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9% increase in recommended full year dividend at 12.5 pence per share (2023: 11.5 pence per share)
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£125 million share buyback confirmed for 2025; 2025 total expected cash return of c.£188 million (2024: £161 million)
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Average net cash of £766 million (2023: £700 million)
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Continued growth in earnings-based businesses underpinned by high-quality £18.4 billion order book (2023: £16.5 bn)
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Group capabilities aligned to significant future opportunities
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High and rising employee engagement underpinning progress in growing Group's capability
