Morgan Sindall tops £5bn revenue as profit jumps over a third | Construction Enquirer News
Summary
Morgan Sindall reports a record revenue of £5.02bn for 2025, with profits rising 39% to £226m, driven by strong performance in fit-out and a growing order book.
Why It Matters
This article highlights Morgan Sindall's financial resilience amidst industry challenges, showcasing its strategic growth and strong order book. The insights into their performance can inform stakeholders about market trends and investment opportunities in the construction sector.
Key Takeaways
- Morgan Sindall's revenue increased by 10% to £5.02bn in 2025.
- Adjusted operating profit surged 39%, reflecting strong performance in fit-out.
- The secured order book reached a record £19bn, indicating robust future prospects.
- Dividends increased by 20%, showcasing commitment to shareholder returns.
- Despite market headwinds, the company remains optimistic about future growth.
Despite wider industry headwinds the firm’s order book climbed to a record £19bn including preferred bidder work, mainly on the back of regeneration and construction successes. The group posted revenue of £5.02bn for the year to 31 December 2025, up 10% on £4.55bn last time. Adjusted operating profit, driven by an outstanding year for fit-out surged 39% to £226m, driving operating margin up to 4.5%. Chief executive John Morgan said: “We continued to make significant strategic progress across the wide number of sectors the group operates in, entering 2026 with a record level secured orderbook and work at preferred bidder stage up 17% to £19.1bn from the prior year. “As a result, the improved outlook has given us the confidence to increase the medium-term targets for both the Mixed Use Partnerships and Infrastructure divisions.” He added: “Our balance sheet, which is supported by a substantial average daily cash position, continues to allow us to focus on making the right decisions to drive long-term sustainable growth while also supporting strong returns to shareholders in the year, with the full year dividend increasing by 20% to 158p per share.” The secured order book rose 5% to £12bn, with preferred bidder work up 17% to £7.1bn, taking the combined pipeline to £19.1bn. Morgan said “Looking ahead, and despite some of the current headwinds in the housing market, we remain positive for the year ahead and are on track to deliver an outcome for 2026 which is in line with revi...