BAM delivers adjusted EBITDA of €400 million in 2025
Dividend proposal of €0.30 per share and announcement of €40 million share buyback
- Revenue increased by 9% to €7.0 billion
- Adjusted EBITDA rose by 20% to €400 million, margin of 5.7%
- Net result of €211 million (2024: €82 million), reflecting earnings per share of €0.81 (2024: €0.31)
- Home sales accelerated by 27% to 2,354
- Cash position strengthened to €0.9 billion, underscoring BAM’s solid liquidity position
- Solvency improved to 23.4% (2024: 23.0%)
- Order book remained at high level of €13.0 billion
- Leadership in sustainability confirmed by CDP Climate A rating (7th year)
- For 2026, BAM expects to deliver further growth in revenue and adjusted EBITDA
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Ruud Joosten, CEO
`Royal BAM Group delivered a strong performance in 2025. We reported an adjusted EBITDA of €400 million, representing an increase of 20% compared with 2024. This outcome reflects 9% revenue growth and a further enhancement of our adjusted EBITDA margin. Both divisions and Belgium contributed to the improved profitability. For 2026, BAM expects to deliver further growth in revenue and adjusted EBITDA.’
