By Anthony O. Goriainoff

Royal BAM shares rose after net profit increased in the first half and the company upgraded guidance for the year.

The Dutch construction company on Thursday said net profit was 101.5 million euros ($119.5 million) compared with 54.9 million euros last year.

Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--rose 40% to 176.4 million euros. Adjusted Ebitda margin in the period was 5.2%, compared with 4% the year before.

Revenue rose to 3.38 billion euros from 3.15 billion euros.

The company said it sees attractive market opportunities being driven by demand for the energy transition, infrastructure, defense, as well as sustainable and affordable housing. The company said these were areas where it has shown market-leading abilities.

The board said it expects to deliver a full-year adjusted Ebitda margin of at least 5%. The company previously guided for the metric to be "around 5%."

"We expect demand in our markets to remain robust, although uncertainty regarding nitrogen in the Netherlands persists," it said.

Shares in late European morning trading were up 8.7% at 8.09 euros.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

July 24, 2025 05:33 ET (09:33 GMT)

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