The construction giant saw pre-tax profit for the year to March 31 2025 hit £41.5m from £14.1m last time with turnover steady at £3.9bn.

At the Europe hub pre-tax profits were £14m from a £21m loss last time as revenue fell to £2.3bn from £2.5bn.

Staff numbers also decreased at the Europe hub to 7,104 from 8,083.

The profit rise continues a turnaround at the company after it posted its worst loss ever in 2023 when the firm plunged £288m into the red when problem jobs blew a hole in the books.

Tighter cost controls are now paying off with the company also enjoying a record order book of £11.9bn with a strong start to the financial year 2026 including the signing of the Sizewell C Civil Works Alliance agreement.

Group Chief Executive Officer, Cathal O’Rourke, said: “Our 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.

“We will continue to advocate for a new paradigm for the construction industry – one that is safer, faster and achieves better outcomes.

“Pushing the boundaries of what’s possible, in service of humanity will continue to be  Laing O’Rourke’s driving purpose and will determine our approach to projects and our  people.”

Group Chief Financial Officer, Paul Teasdale added: “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.

“Laing O’Rourke demonstrated financial resilience during a period of significant  international headwinds and disruption.”