Oct. 6, 2026

William Hare Group reports strong growth in FY2025 results

Global steel engineering specialist, William Hare Group has reported a year of continued growth, with EBITDA significantly increasing to £42.7m (2024: £33.4m), as the business continues to progress its long-term strategy.

The company’s financial statements demonstrate robust results, with pre-tax profits growing from £31.4m in 2024 to £39.9m in the year ending 31 December 2025. This growth comes despite a drop in turnover which reduced to £338.2m from £422.5m in 2024. This reduction was expected with the previous year’s performance including a number of exceptional projects which were concluded during that period.

The Group put its strong performance in 2025 down to several factors including its sector diversification and global footprint, both of which have enabled the business to capitalise on opportunities across a broad spectrum of projects.

Sue Hodgkiss CBE, the Group’s CEO, comments: “2025 marked a landmark year for our business. Not only has a new chapter begun with a new ownership structure, but the continued work and dedication of our team have supported our sustained profit growth. A resilient performance that is backed by a robust balance sheet.

“Our success as a business is about more than the financial figures and it’s fantastic to be able to also report on the continued growth of our team, with 100 new roles created within William Hare over the reporting period across all areas of our business. We understand that people are one of the critical parts to success within our sector and that’s why we remain committed to supporting the development of our people through both internal and external training programmes ranging from apprenticeships schemes to CPD.”

Looking ahead the business highlighted that its current orderbook is well spread across many industry sectors and geographic regions. The Group’s positive performance has continued into the new year, providing a strong footing for what the directors described as “more challenging conditions” in the second half of 2026 and into 2027.

Hodgkiss continues: “Despite the global uncertainty which has marred the first half of this decade and has been characterised by war, political challenges, tariffs and inflation, the board remains optimistic about what lies ahead for our business.

“There are significant opportunities and long-term projects on the horizon which will create substantial demand for fabricated steel, both domestically and in the global marketplace. We are well placed to capitalise on these and deliver world-class solutions and structures.

“As a business we remain committed to staying at the forefront of our industry and leading the charge for innovation and delivery excellence. We’re proud to be working on the next generation of nuclear infrastructure in the UK already and with global energy security appearing a trend that is unlikely to change, we see further opportunities both nationally and internationally within this sector.

“Over recent years, our team has also proudly led the conversation on state-of-the-art, low-carbon buildings from a structural steel perspective and we’re proud to be working on a number of landmark projects in the City of London that will set a new benchmark for sustainable development.”

In addition to investing in its people, the Group has also continued to make significant investments across its assets, both in new machinery and maintenance of existing equipment. This investment is recognised by an increase in the value of William Hare’s net assets to £115m (2024: £84m), with the business also continuing to hold strong cash reserves.

Sue Hodgkiss added: “I’d like to take this opportunity to thank all of our staff who have contributed to the success of the group over the past 12 months and whose dedication and loyalty has helped to further enhance our reputation and deliver landmark projects both in the UK and globally.”