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Laing O鈥橰ourke鈥檚 annual report for the year to 31^st March 2025 shows strong profit growth and a group order book worth 拢11.9bn.

Operating profit for the year grew to 拢60.5m (2024: 拢39.7m) on revenue of 拢3,956m (2024: 拢3,990).

Pre-tax profit more than doubled to reach 拢41.5m (2024: 拢18.1m)

Profits were softened by around 拢40m of exceptional items, include 拢13.7m of claims provision and 拢21.7m defect costs related to the Building Safety Act 2022

Chief financial officer Paul Teasdale said: 鈥淲e 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.

鈥淲e've also improved the cash position to 拢513.1m which after debt is a healthy net cash position of 拢284.7m, reflecting our prudent financial management and a disciplined approach to project delivery, giving the business a solid foundation for future sustainable growth.鈥�

He concluded: 鈥淟aing O'Rourke demonstrated financial resilience during a period of significant international headwinds and disruption.鈥�

Group chief executive Cathal O鈥橰ourke said: 鈥淥ur drive to create a more resilient and productive construction industry continues. We are leading the way on modern methods of construction and digital engineering, enabling us to deliver projects with greater precision and efficiency and improving safety on site. Our focus on innovation ensures we're building for the future, not just today.

"This is our second record order book in a row which is testament to our purpose, our people and the trust our operating model has built with our clients.

鈥淲e will continue to advocate for a new paradigm for the construction industry 鈥� one that is safer, faster and achieves better outcomes. Pushing the boundaries of what鈥檚 possible, in service of humanity will continue to be Laing O鈥橰ourke鈥檚 driving purpose and will determine our approach to projects and our people.鈥�

Revenue for the Europe Hub saw a slight decrease to 拢2.3bn (2024: 拢2.5bn), although pre-exceptional gross profit increased to 拢177.0m (2024: 拢134.1m), boosting the gross margin to 7.8% (2024: 5.3%). The Europe Hub also improved its net cash position, reaching 拢66.8m, up from 拢15.4m a year earlier.

Revenue from the Australia Hub rose to AUD$3.3bn (2024: AUD$2.8bn but pre鈭抏xceptional EBIT dipped to AUD$90.2m (2024: AUD$100.0m).

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