Infrastructure services specialist FM Conway has delivered improved results across all key financial metrics in its latest update, following a strong year of framework wins and project delivery.
Turnover for the year ended 31 March 2025 rose to £608.3 million from £579.8 million the year prior, generating a pre-tax profit of close to £33 million, up from £29.4 million in FY2024.
Despite economic challenges, FM Conway delivered several “significant” public sector projects during the period, including in London, alongside securing major framework wins around the UK as well as in the capital.
“The group made continued progress towards delivery of its strategic targets, with the group’s Aggregates and Asphalt Business, trading divisions and Toppesfield all improving year on year,” FM Conway said.
The group also saw its operating profit increase during the period, to £35.1 million, up from £30.9 million in the previous financial year.
At the year end, the Kent-headquartered business’ net asset value had risen to £149.7 million (FY2024: £127.4 million), with an improved cashflow position of £74.4 million (FY2024: £70.4 million).
The group saw its profit for the year rise to £22.3 million, compared to £21.6 million the year before.
FM Conway was acquired by VINCI Construction in January, and shortly after managing director Andrew Hansen succeeded former chief executive Joanne Conway in leading the business.
The daughter of late chairman and owner Michael Conway, Conway became CEO in November 2023, replacing Adam Green who stepped down due to health reasons.
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