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

Full year outlook for adjusted EBITDA margin upgraded to at least 5%

• 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%

Audio webcast
Ruud Joosten, CEO, and Henri de Pater, CFO, will host an analyst conference call at 10.30 a.m. CET/09.30 a.m. GMT on 24 July 2025. A live audio webcast of this conference call will be made available at the Royal BAM Group website: www.bam.com.

This press release contains information that qualifies or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

About BAM
Royal BAM Group nv designs, builds and maintains high quality, sustainable buildings, homes, and infrastructure for public and private sector clients. Using the latest industry innovations, our 13, 500 employees reduce the carbon footprint of the built environment, whilst delivering increased well-being and social value to the communities we serve. The Group supports clients through two main divisions (Netherlands, and United Kingdom and Ireland) and activities in Belgium, and a PPP business (Invesis). Royal BAM Group nv is listed on the Amsterdam Euronext exchange. Building a sustainable tomorrow. www.bam.com
 
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Further information
- analysts: Michel Aupers, e-mail +31 (0)30 659 89 88;
- press: Corina Ruhe, e-mail +31 (0)30 659 89 88.
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