Costain reports record order book growth

While revenue for the year ended 31 December 2024 was £1.2 billion, compared to £1.3 billion the year prior, operating profit was up 16 per cent to £31.1 million (FY2023: £26.8 million). 

Costain’s balance sheet showed its net cash position “in line with expectations” at £158.5 million (FY2023: £164.4 million) following a £10 million share buyback scheme completed during the year. 

At the year end, the group declared a record £1.5 billion increase in its forward order book value to £5.4 billion, with contract wins across all sectors but particularly significant growth in Water and Rail. 

Costain has already secured around 80 per cent of its forecast revenue for FY2025, with bidding activity remaining high, complementing growth on existing frameworks. 

“The quality, balance and better risk profile of our forward work position of £5.4 billion across our two divisions, together with continued investment in our chosen markets, gives us increasing visibility on future revenue and margin,” said Alex Vaughan, CEO.  

Adding: “We continue to deliver improvements and invest in the business, and are increasingly confident in the group’s growth prospects, with our strong cash position and cash generation enabling the group to enhance returns to shareholders.” 

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