BAM reports 36% increase in adjusted EBITDA to €240 million in first half 2026
For full year BAM expects to deliver an adjusted EBITDA margin of at least 6.5%
- Revenue increased 3% to €3.5 billion
- Adjusted EBITDA increased 36% to €240 million, reflecting a margin of 6.9%
- Net result increased 25% to €127 million, reflecting earnings per share of €0.49 (H1 2025: €0.39)
- Cash position strong at €715 million (H1 2025: €501 million), solvency at 22.9% (FY 2025: 23.4%)
- Order book maintained at high level of €12.6 billion
- For full year, BAM expects to deliver an adjusted EBITDA margin of at least 6.5%
Ruud Joosten, CEO
Ruud Joosten, CEO of Royal BAM Group:
‘Royal BAM Group delivered a strong performance in the first half of 2026. Adjusted EBITDA increased to €240 million, up 36% compared with the first half of 2025, while the adjusted EBITDA margin improved to 6.9%. This performance reflects the strength and quality of BAM’s portfolio, with higher profitability across both divisions. Our results were driven by disciplined growth in attractive, high-demand market segments, such as the energy transition, Dutch residential and defence. We maintained our focus on long-term client relationships and recurring activities, while continuing to apply strict cost discipline. Together, these factors demonstrate our ability to create sustainable, long-term value for clients, employees and shareholders.’
