Balfour Beatty PLC (BBY.L), a British infrastructure company, said on Thursday that it is on track to achieve its full-year earnings expectations.
For fiscal 2025, the company expects underlying profit from operations from earnings-based businesses to be ahead of the prior year's GBP 252 million. This is due to the strong performance in UK Construction and Support Services.
Balfour Beatty noted that it is on track to achieve gain on infrastructure investment disposals of GBP 30 million to GBP 40 million for the year.
For fiscal 2025, the company projects its revenue to grow over 5% from the prior year's GBP 10 billion, with the strong progress made in the Group's chosen growth markets, principally UK energy and US buildings.
Further, the company said: "Balfour Beatty's capital allocation framework remains unchanged, and from January 2026 the Group again intends to buy back further shares ahead of confirming the amount for its 2026 share buyback at the Group's full year results in March."
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