These charges come on top of \u00a353m in exceptional costs booked the previous year, linked to the decision to ditch new build activity entirely by the end of 2025.<\/p>\n
But underneath the one-off hits, the core business remains in the black. Underlying operations delivered a \u00a322.3m operating profit on \u00a3652m turnover, up from \u00a316.2m the previous year.<\/p>\n
The shift away from competitive design and build jobs is already paying off. Operating margin on core activity rose to 3%, while turnover stayed steady despite the restructure.<\/p>\n
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<\/a><\/div>\n<\/div>\nLooking forward, Equans Regeneration said it had picked up major long-term housing frameworks including:<\/p>\n
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A \u00a3400m two-year interim deal with Birmingham City Council to deliver social housing maintenance and retrofit upgrades.<\/p>\n<\/li>\n
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A \u00a394m contract with Anchor covering 18,000 homes across the North and Midlands \u2013 the largest under Anchor\u2019s new national repairs model.<\/p>\n<\/li>\n
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A \u00a3120m fire safety remediation programme with Southern Housing, due to run until 2028.<\/p>\n<\/li>\n<\/ul>\n
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The firm is also ramping up work under the Social Housing Decarbonisation Fund, delivering retrofit upgrades across homes in North Lincolnshire, Suffolk, Harrow, Swindon and London for a combined \u00a320.8m, plus further deals with 54North Homes, Clarion, L&Q and Notting Hill Genesis.<\/p>\n
A Midlands-wide retrofit programme, set to bring in \u00a319.9m of work during 2025, will see Equans roll out insulation, low-carbon heating, and renewable energy solutions across thousands of homes.<\/p>\n
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