Laing O’Rourke delivers second consecutive record order book – topping £11.9bn

For the year to 31 March 2025, Laing O’Rourke delivered a pre-tax profit of £41.5 million, up from £18.1 million in the prior period, underpinned by stable group revenue of close to £4 billion (FY2024: approx. £4 billion) and an improved pre-exceptional gross margin of 6.9 per cent. 

At the time of reporting, the construction giant had increased its net asset value from £201 million in 2024 to £218.7 million this year, supported by an improved net cash position of £284.7 million (FY2024: £278.5 million). 

Laing O’Rourke ended the financial period atop a record order book worth £11.9 billion, up from £10.8 billion in the previous trading period.  

Amid wider industry supply chain disruptions, bosses said the results were underpinned by a direct delivery operating model, combined with a positive approach to modern methods of construction and digital engineering. 

Laing O’Rourke’s results included a slight increase in defects provisions related to the Building Safety Act, up from £19.6 million last year to £21.7 million. 

“We have delivered strong growth and cash generation, alongside a strategic focus on de-risking our portfolio, coupled with a strong performance from our Australian business and a robust response to inflationary pressures in the UK,” said Paul Teasdale, group CFO. 

“We’ve also improved the cash position to £513.1 million which after debt is a healthy net cash position of £284.7 million, reflecting our prudent financial management and a disciplined approach to project delivery, giving the business a solid foundation for future sustainable growth.” 

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