{"id":5666,"date":"2025-05-29T08:46:41","date_gmt":"2025-05-29T08:46:41","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=5666"},"modified":"2025-05-29T08:46:41","modified_gmt":"2025-05-29T08:46:41","slug":"murphy-hikes-profit-25-to-84m-as-orders-smash-5-4bn","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/murphy-hikes-profit-25-to-84m-as-orders-smash-5-4bn\/","title":{"rendered":"Murphy hikes profit 25% to \u00a384m as orders smash \u00a35.4bn"},"content":{"rendered":"

Contractor Murphy has powered ahead with a 25% jump in pre-tax profit to \u00a384m last year, as it sharpened contract selection and drove operational efficiencies.<\/p>\n

The specialist contractor saw revenue dip slightly by 2% to \u00a31.4bn, but profits surged thanks to strong performance across UK and Irish operations and solid returns from its US energy investment.<\/p>\n

Operating profit also rose 11% to \u00a380m, while net cash climbed 15% to \u00a3400.5m, bolstering Murphy\u2019s ability to invest in green tech, talent and overseas expansion.<\/p>\n

The improvement saw the group-wide operating margin reach 6%.<\/p>\n

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In a strong year of work winning, Murphy’s order book jumped 64%, reaching a record \u00a35.4bn across the UK, Ireland, and North America by the end of 2024.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Murphy Group financial highlights<\/th>\n<\/tr>\n<\/thead>\n
Pre-tax Profit<\/td>\n\u00a384m (\u219125%)<\/td>\n<\/tr>\n
Operating Profit<\/td>\n\u00a379.6m (\u219111%)<\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a31.4bn (\u21932%)<\/td>\n<\/tr>\n
Net Cash<\/td>\n\u00a3400.5m (\u219115%)<\/td>\n<\/tr>\n
Order Book<\/td>\n\u00a35.4bn (record)<\/td>\n<\/tr>\n
Headcount<\/td>\n4,060 (\u21915%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Chief executive John Murphy said: \u201cThroughout 2024, we successfully navigated economic pressures, changes in government policy and inflationary pressures, demonstrating the group\u2019s resilience.<\/p>\n

“The sector’s significant investments in transportation, water and energy infrastructure, underpins our confidence in the future with Murphy well-positioned to capitalise on the opportunities these investments bring.<\/p>\n

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“We\u2019ve delivered another strong year of growth, while navigating inflation and policy shifts. With a record \u00a35.4bn order book and growing global presence, we\u2019re confident about the future.\u201d<\/p>\n

The group delivered major projects including stations at Beaulieu and Cambridge for Network Rail, tunnelling on London Power Tunnels 2, and upgrade works for National Grid.<\/p>\n

It also entered the Australian market last month, taking a 40% stake in Sydney-based civils outfit Abergeldie.<\/p>\n

Murphy now employs 4,060 staff globally, up 5% on the year.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/uM5ovEV<\/p>\n","protected":false},"excerpt":{"rendered":"

Contractor Murphy has powered ahead with a 25% jump in pre-tax profit to \u00a384m last year, as it sharpened contract selection and drove operational efficiencies. The specialist contractor saw revenue dip slightly by 2% to \u00a31.4bn, but profits surged thanks to strong performance across UK and Irish operations and solid returns from its US energy […]<\/p>\n","protected":false},"author":1,"featured_media":155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-5666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=5666"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5666\/revisions"}],"predecessor-version":[{"id":5667,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5666\/revisions\/5667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=5666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=5666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=5666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}