Report and Accounts 2026

Our business has been built on a simple, but
powerful idea – that there is a better way of doing
things – for our people, our clients, our delivery
partners, and the planet.

Group Chairman's Statement

We will continue to innovate technically, on the foundational principle that it is to liberate the skill and potential of our greatest resource, our people.

Group Chief Executive Officer's Statement

We continue to advocate for the most progressive, resilient model of the construction industry we can imagine and build.

Group Chief Financial Officer's Statement

An improvement in margins has driven the year-on-year progress through enhanced contract models, leveraging our vertically integrated delivery model and the Group’s industry-leading innovation.

Managed Revenue £5.0bn FY25: £5.2bn	Pre-exceptional EBIT£157.7m FY25: £111.3m	Pre-exceptional gross margin9.7% FY25: 6.9%
Net Cash £456.8m FY25: £284.7m	Order Book £17.2bn FY25: £11.9bn	Net assets£294.8m FY25: £218.7m
	Group Revenue £3.7bn FY25: £4.0bn

Market Environment

Our market is defined by short-term volatility and long-term structural pressure, and at Laing O’Rourke we have deliberately built an operating model designed to not only withstand both, but to redefine the environment in which we work.

Europe Hub Operating Review

We have delivered critical buildings and infrastructure, strengthened our Hub’s order book to £15.6bn, and continued to build a resilient business ideally positioned for the future. Read more from our Europe Hub MD Peter Lyons.

Australia Hub Operating Review

Anchored by the completion of some of our flagship projects, the Australia Hub provided certainty for the Group by delivering strong gross margin performance. Read more from our Australian MD Mark Dimmock.

Sustainability Statement

The financial year was marked by continued geopolitical turmoil and market uncertainty. While this has led many companies to reconsider their net zero strategies and equity, diversity, and inclusion (ED&I) policies, at Laing O’Rourke, as a purpose-led organisation, we remain committed to delivering better outcomes for our people, partners, clients, and for the communities in which we work. Sustainability, equity, diversity, and inclusion are central to the way we go to work – and a core part of our long-term business success.

Sustainability