Royal BAM Group has reported solid results for its UK operations in the first half of 2025, showcasing significant growth and profitability.
Revenue for the UK and Ireland division rose by 5.4 per cent year-on-year to €1.6 billion (HY1 2024: €1.5 billion), driven by civil engineering projects in rail and energy transition.
Its adjusted EBITDA grew 30.5 per cent to €66.2 million (HY1 2024: €50.7 million), reflecting a 4 per cent margin.
BAM’s focus on the UK construction sector saw it recently complete the Co-op Live project, and new contracts include the 20 Giltspur Street office refit, as well as the school for the Salesian Academy of St John Bosco.
The company’s civil engineering arm grew particularly, bringing in the most revenue at €919 million, up from €789 million, with UK Construction UK returning to profitability with €519 million in revenue.
The division welcomed a new executive director of finance in Abigail Farrell-Black, while it also integrated BAM Ventures’ activities into its core businesses, combining facility management and property development under Construction UK, with BAM Ritchies’ ground engineering moved to Civil Engineering UK, and BAM Site Solutions included in Ireland.
Meanwhile, BAM’s Netherlands division revenue increased 10 per cent to €1.6 billion, with adjusted EBITDA rising 58 per cent to €110.1 million, driven by non-residential construction, such as healthcare, and residential property development.
The Germany, Belgium, and International division saw a slight decline to €67 million (HY1 2024: €69 million).
Netherlands-headquartered Royal BAM Group, as a whole, reported a 7.3 per cent increase in revenue to €3.3 billion (HY1 2024: €3.1 billion), with adjusted EBITDA rising 39.5 per cent to €176.4 million (HY1 2024: €126.5 million).
Its order book remained strong at €12.9 billion (HY1 2024: €13 billion).
With a strong liquidity position of €501 million (HY1 2024: €453 million) and stable solvency of 23 per cent, BAM continues to push for success in the UK and beyond, particularly with its involvement in the Small Modular Reactors (SMRs) programme with Rolls-Royce.
Ruud Joosten, CEO of Royal BAM Group, said: “We see attractive market opportunities driven by demand for energy transition, infrastructure, defense and sustainable and affordable housing, all areas where we have demonstrated market-leading capabilities.
“Delivering complex infrastructure projects and new homes are essential to create thriving communities, but this requires stability, clear planning, and commitment beyond short-term political agendas.”
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