The civils and construction group has posted pre-tax profit of \u00a311.1m for the year to 30 September 2025 up 50% on last year.<\/p>\n
Turnover fell 22% to \u00a3303m as the firm stuck to strict contract selection and refused to chase revenue at the expense of return.<\/p>\n
The strategy saw operating profit climb 40% to \u00a310.6m pushing operating margin up to 3.5% from 1.9% year on year.<\/p>\n
Cash in the bank jumped nearly a third to \u00a344m, while net cash strengthened 38% to \u00a333.6m. Net assets held firm at \u00a385m, underlining the strength of the balance sheet.<\/p>\n
The results complete a sharp shift from 2022, when Carey fell to a \u00a343m pre-tax loss.<\/p>\n
A strategic reset restored profitability the following year and the margin rebuild has accelerated since.<\/p>\n
Family member Jason Carey said: \u201cWhile turnover has dropped in this past financial year, we\u2019ve continued our focus and discipline surrounding contract take on.<\/p>\n
\u201cOur EBITDA has remained consistent, allowing us to maintain the healthy financial position we
targeted in year one of our strategy.\u201d<\/p>\n
With 72% of the group\u2019s FY26 order book already secured and some of the biggest contracts in its history recently landed, the contractor enters the new financial year from a position of strength, he added.<\/p>\n<\/p><\/div>\n
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