One of Australia’s biggest commercial builders has recorded an eight-figure profit after two consecutive losses as it eyes an order book of $3.5bn in 2026.
Chris Herde follow @ChrisHerde
2 min read June 13, 2025 - 2:09PM The Australian Business Network
After negotiating a period of challenging market conditions and on the back of a $3.5bn order book, BESIX Watpac recorded a net profit in 2024 after two years of losses and is aiming to increase its workload with an Olympic Games infrastructure wishlist.
Chief executive Mark Baker said the national builder’s $24m net profit in the calendar year arrived after negotiating a tough workbook and the “enormous cost escalation” which saw the Brisbane headquartered national contractor recording net losses of $9.8m in 2023 and $17.7m in 2022.
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