‘Another satisfactory’ financial year for Dawson-WAM

Civil engineering and piling specialist Dawson-WAM has reported “another satisfactory” trading performance, amid challenging commercial pressures.

For the year ended 31 December 2025, group revenue held steady coming in at £45.7 million (FY24: £46.8 million), while operating profit fell from £7.4 million to £4.7 million.

Dawson-WAM ended the financial period with net assets of £28.6 million (FY24: £26.1 million), and £13.3 million of cash in the bank, down from £18.5 million in the previous year. 

In a recent financial report, bosses said: “The directors are pleased to report that, despite difficult commercial conditions, the group has had another satisfactory trading year. 

“The group’s focus on margin has once again been reflected in the profit levels achieved in the year. The group will continue this focus when pricing future work.”

For the same period, Dawson-WAM Limited reported net assets of £23.6 million (FY24: £23.3 million), and £11.3 million of cash in the bank (FY24: £13.1 million).

Turnover and operating profit, meanwhile, were roughly inline with that of the parent company, Dawson-WAM Holdings (above). 

Employee headcount during the year held relatively steady, with 107 recorded for FY25 compared to 113 in the previous year. 

Dawson-WAM recently completed construction of a new 100-metre-long sheet-piled quay wall at Campbeltown Old Quay, having been appointed by Argyll and Bute Council in 2024.

The project involved dredging approximately 30,000m³ of harbour material to create an improved berth and access channel, which required complex piling, anchoring, dredging and civil engineering works by the contractor.

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