Koninklijke BAM Groep nv (KBAGF) Q4 2025 Earnings Call Transcript

SA Transcripts158.49K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Koninklijke BAM Groep nv (KBAGF) Q4 2025 Earnings Call February 19, 2026 4:00 AM EST Company Participants Michel AupersR. Joosten - Chairman of Executive Board & CEOH. Pater - CFO & Executive Board Member Conference Call Participants Martijn den Drijver - ABN AMRO Bank N.V., Research DivisionSimon Van Oppen - Kepler Cheuvreux, Research DivisionLeontien de WaalDirk Verbiesen Presentation Michel Aupers Good morning, everyone, and welcome to the Royal BAM Group Analyst Meeting. My name is Michel Aupers, Investor Relations Manager. I'm pleased to have you with us today. The meeting is hosted by our CEO, Ruud Joosten; and our CFO, Henri de Pater, who will take you through the key highlights of BAM's full year 2025 results. The presentation slides are available on our website. After their remarks, we will take your questions. I draw your attention to the disclaimer here. Ruud, over to you, please. R. JoostenChairman of Executive Board & CEO Thank you, Michel, and good morning all. On the front page, you see an image of one of our flood protection projects in the U.K. Along the Norfolk coastline, we replaced aging timber groynes with new rock groynes, significantly strengthening coastal defenses for our local communities and the Norfolk broads. We began this project in October '24 and successfully completed it in June '25. It's a good example of the impactful work we deliver to protect people, nature and vital infrastructure. Let's start with the key points over 2025. The group has delivered a strong performance in 2025, reflecting the success of our strategy and our core strength in the energy transition, transportation and Dutch residential markets. First of all, our '25 results show a very solid top line development. Revenue increased by 9% to more than EUR 7 billion with consistent disciplined growth across both divisions. This underlines the strength and focus