Balfour Beatty monthly cashflow hits £1 billion

Balfour Beatty has reported significant monthly cashflow supported by an ever-expanding supply of orders in key markets, boosting the firm’s profit expectationsthis year.  

During the first three months of the year, Balfour Beatty’s balance sheet showed the business had an average monthly net cash position of more than £1 billion. 

For the same period in 2024, that figure was £766 million, before closing the year at £943 million.  

Given this strong cash performance, Balfour Beatty’s executive Board now expects average net cash this year to be in the range of £900 million – £1 billion.  

In a trading update, issued today (8 May), the company said it is on track to complete a £125 million share buyback scheme by the end of the year, with around £46 million distributed so far. 

The group maintains a high-quality, low-risk order book, through selective bidding in key markets. 

It supports a strong performance across Balfour Beatty’s Construction, Support Services, and Infrastructure Investments divisions earlier this year.    

In the UK, Balfour Beatty’s Rail division secured £450 million of new work since January, including civil engineering works under CP7, track renewal with the Central Rail Systems Alliance, and fleet supply and operation for Network Rail. 

Meanwhile, in the US, its Buildings business was awarded a $385 million contract to construct the Grand Hyatt Miami Beach, a new 17-storey, 800-room hotel, which is scheduled for completion in late 2027. 

Also in the US, the Civils division secured a $889 million contract from the Texas Department of Transportation to reconstruct a 3.7-km section of Interstate 30 on the east side of Dallas County.  

The Board continues to expect an increase in profit from operations from its earnings-based businesses in 2025.