Construction firm Morgan Sindall Group has reported a strong performance in 2025 as revenue for the year surpassed £5bn, with pre-tax profits up 35% year on year.
In the full year to 31 December 2025, the firm’s revenue increased 10% from £4.55bn in 2024 to £5.02bn. The firm’s pre-tax profits rose to £231.8m in 2025, compared with £171.9m recorded the year prior.
Basic earnings per share also increased to 372.1p, up 32% on the previous year’s 281.4p per share.
Morgan Sindall now holds a secured order book valued at £12bn, up 5% with preferred bidder work increasing to £7.1bn, bringing the total combined pipeline to £19.1bn.
The group recorded nearly £2.4bn of revenue and £95.9m of pre-tax profits in a strong first half of the year alone, it said.
Morgan Sindall ended the year with net cash of £531m, up 39% from £492m at the end of 2024.
Chief executive John Morgan said the firm achieved “significant growth” last year, adding that it entered 2026 “with a record-level secured order book”.
“Our performance is a result of [our subsidiaries’ and teams’] huge commitment, together with our deeply held core values, as they have responsibly overcome challenges and taken advantage of opportunities with pace and agility, while making their businesses even better,” he added.
“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 revised expectations as set out in our trading update released on 12 February 2026.”
During 2025, subsidiary and developer Muse secured a forward pipeline valued at £6.3bn, up 29% in comparison to 2024’s £4.9bn.
Phil Mayall, managing director at Muse, added: “We are pleased to contribute to the performance of our parent company.
“The last 12 months has seen us continue to grow our significant development pipeline. Today, we have circa 22,000 homes across 24 communities up and down the country, alongside a wide range of retail, leisure, logistics, workspaces and public spaces to be created.
“We are excited to be at a point of real opportunity to drive forward positive, meaningful growth. We are looking forward to building on this national momentum by creating high-quality, sustainable, places where people can live, work and thrive.”
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