Willmott Dixon Interiors have installed a new roof on National Maritime Museum in Greenwich

Highlights for half year 2025:

• Turnover: £548.1m (HY24 £561.1m).
• Record £700m+ framework turnover secured for 2025 with two major extensions so far
• Over £1bn of pre-construction work secured in 2025 positioned for main contract conversion
• Profit before tax: £10.0m (HY24 £10.0m).
• Cash position: £122.0m (HY24 £109.3m)
• Strong cash reserves maintained with debt-free balance sheet
• Strong pipeline: Over £3bn secured order book and pipeline
• Contract wins include Queen Mary University, Doncaster Gateway and Dewsbury Bus Station.
• Recognition: MOD Gold Award for Armed Forces support; Europe’s 4th best workplace (FT Best Employers); Sunday Times Best Big Construction Company to work for

Chief Executive Officer Graham Dundas commented:

"Willmott Dixon’s solid first half performance demonstrates our excellent operational performance and the resilience and quality of our order book. Our continued focus on operational excellence and smart contract selection underpins the strong profit performance and cash position across the Group.

“Looking forward, the scale of opportunity ahead of us is particularly exciting, as our market-leading position in key sectors pays dividends. With over £1bn of pre-construction work ready for conversion to main contracts and our record £700m+ framework turnover this year, we're well positioned for sustained growth."

Operational Excellence Driving Results

The first half of 2025 has seen consistent profit delivery across all parts of the business, with our focus on operational excellence yielding tangible results. Our selective bidding approach has enabled us to maintain healthy margins, while investing in a substantial pipeline for future growth.

Framework Performance and Strategic Positioning

2025 is set to be a record year for turnover generated by our largest frameworks, with further growth projected for 2026. We have successfully extended two key frameworks this year: Procurement Hub's Major Projects to 2028, and Pagabo Major Works to 2027.

Our education sector performance has been particularly strong, with £700m secured to date on the current DfE framework with the most contract wins of any framework partner in the last 12 months.

Major Project Wins and Recognition

The first half of 2025 has delivered significant contract wins and recognition:

• Queen Mary University: £48.8m School of Business and Management redevelopment
• Doncaster Gateway One: £32m Grade A office development, Net Zero in Operation
• National Maritime Museum: £12m iconic glazing upgrade project
• Town Centre Regeneration: Major appointments in Great Yarmouth and Dover to drive long-term development
• Darlington: selected as construction partner in a transformational regeneration consortium that will take forward development plans for sites located in the town centre, strengthening its long-standing relationship with Darlington Borough Council.

External recognition has reinforced our market position:

• MOD Gold Award: Highest recognition for Armed Forces support
• Europe's 4th Best Workplace: FT Best Employers ranking
• Best Big Construction Company: Sunday Times Best Places to Work
• CIOB’s Construction Manager of the Year: Jason Hunt won the overall award in May for Bristol Beacon
• 20-year SCAPE Partnership: Celebrating delivery of 600+ projects worth £6bn+

Defence and Net Zero

The appointment of Keith Yarham as National Sector Lead for defence reflects our commitment to this growing market, supported by increased government investment. We continue to lead in sustainable construction, with our expertise in Passivhaus and Net Zero in Operation buildings increasingly valuable as market demand grows.

Future Prospects

While market conditions remain competitive, our strategic positioning is strong. The focus remains on converting our substantial pre-construction pipeline secured so far this year - representing over £1bn of potential main contract conversions. We enter the second half of 2025 backed by strong financials, a record pipeline, market-leading positions, and a clear strategy for capitalising on the significant opportunities ahead.”