Balfour said it is focused on four strategic growth markets – UK energy transition and security, UK defence, UK transport and US buildings.

That strategy saw group turnover during the first half of 2026 hit £5,563m from £5,150m last time as pre-tax profits stayed steady at £129m from £132m.

Revenue was flat at UK construction at £1,569m from £1,563m where margins dipped slightly to 3.4% from 3.6%.

Philip Hoare, Balfour Beatty Group Chief Executive, said: “Balfour Beatty enters the second half with real momentum. Our strong first-half performance reflects the quality of our business, the discipline of our execution and, above all, the exceptional contribution of our people in delivering for our customers.

“We have continued to secure high-quality work, drive profitability and generate strong cash flow. By bringing together the best of our people, expertise and capabilities, we are supporting customers as they invest in the infrastructure which economies need to grow, now and into the future.

“Supported by a £23 billion order book, attractive growth markets and strong operational momentum, Balfour Beatty is well positioned to deliver these programmes safely, efficiently and at scale.

“Together, these strengths give us confidence in our outlook and in our ability to continue generating profitable growth and attractive returns for our shareholders.”