Bam Ireland, one of Ireland's largest construction contractors and lead contractor on the national children's hospital, recorded a 26 per cent rise in turnover to €535.3 million in the year ended December 2025, according to new financial filings reported by The Irish Times. The firm paid a €53.2 million dividend to its Dutch parent Royal Bam Group during the period, up sharply from €11 million the previous year.

Operating profits at Bam Contractors Limited, the Irish subsidiary owned by Royal Bam Group in the Netherlands, rose from €23.5 million to €27.4 million over the same period. Staff numbers increased from 701 to 781, with staff costs rising from €61.9 million to €70.1 million.

At year end, net assets stood at €81.2 million, down from €120.4 million, while cash at bank declined from €96.9 million to €89.3 million. The firm is based in Kildare and led by executive director Alasdair Henderson.

On the national children's hospital, Bam's directors said the company had been focused on final system commissioning and snagging with a view to completion. The directors noted the hospital's complexity and scale made it a significant project in the current portfolio, adding that design changes by the client continued during 2025 and continued to adversely impact the project completion programme, though the pace of such changes slowed.

The directors also said Bam was confident a time delay claim submitted last year, related to a reflected ceiling plans issue, would generate further value to compensate for significant extra costs caused by the issue. A decision on the claim has not yet been finalised.

The national children's hospital was initially due for completion in 2020. Its cost has risen from an original estimate of €650 million to more than €2 billion.

Beyond the hospital, Bam Ireland has delivered notable projects including One Molesworth Street in Dublin 2, Ceannt Station in Galway, and the Bolands Quay redevelopment, now occupied by Google as its Irish head office.

On the broader market, Bam Ireland's directors welcomed the publication of the National Development Plan and the work of the state's accelerating infrastructure taskforce, but cautioned that lengthy procurement processes, capacity pressures within the supply chain, and ongoing challenges in the allocation of risk continue to influence the pace at which projects progress from announcement to delivery.

Get the full financial details and sector commentary in the full article.