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BAM reports €176 million adjusted EBITDA in first half-year 2025

• Revenue increased by 7% to €3.4 billion
• Adjusted EBITDA €176 million, reflecting a margin of 5.2% (H1 2024: adjusted EBITDA €126 million, margin of 4.0%)
• Net result increased 85% to €102 million, reflecting earnings per share of €0.39 (H1 2024: €0.20)
• Liquidity position solid at €501 million (H1 2024: €453 million), solvency stable at 23.0% (FY 2024: 23.0%)
• Order book maintained at high level of €12.9 billion (FY 2024: €13.0 billion)
• For the full-year 2025, BAM expects to deliver an adjusted EBITDA margin of at least 5%

Royal BAM Group nv designs, builds and maintains high quality, sustainable buildings, homes, and infrastructure for public and private sector clients.



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