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Annual report 2018 - open pages
Annual Report 2018 highlights


Focusing on urgent national needs

Costain’s nuclear team is at the heart of a number of nationally strategic programmes in nuclear new-build and generation; delivering energy security for the UK, decommissioning; dealing with the UK’s nuclear legacy and defence; supporting the security of our nation.

Our oil and gas team is shaping the future of the  UK’s energy industry by helping our clients to  optimise business value from their critical  onshore and offshore assets, and  taking a leading position in developing  solutions to address the urgent UK  decarbonisation imperative.

Our power team is ensuring the energy  companies build greater resilience  and transition from centralised  to decentralised energy systems. 

RIIO-1 (2013–2023) TOTEX of c £60 billion with emphasis on innovation to deliver a smarter, sustainable energy network for a low carbon future.

Costain is supporting its water sector clients to improve and maintain water quality standards, enhance supply resilience and meet anticipated demographic shifts. This requires a step change in efficiency and will be delivered through innovative application, new technologies, intelligent asset optimisation, data analytics and increasing connectivity between assets and control.

Need for step change in customer service, cost efficiency and leakage reduction in AMP7 (2020–2025) with TOTEX of £50 billion (an increase from £44 billion in AMP6), with emphasis on asset optimisation and utilisation of technology.

The UK Government’s vision for the strategic road  network is that it supports the economy, is safer  and more reliable, greener, more integrated  and smarter. More consistent and reliable  journey times are demanded while reducing  the number of people killed or seriously injured. This will mean a ‘roads revolution’ based on a range of new vehicle and infrastructure technologies which will transform the way our highways are used and maintained.

Costain continues to contribute to  increasing the capacity, improving  journey times and enhancing safety across the UK’s strategic road network.

The Autumn 2018 budget confirmed c £25 billion investment in roads for the period from 2020–2025, with emphasis on modernisation and automation.

The rail sector in the UK is changing rapidly. Network Rail is introducing new digital technologies to increase the capacity and performance of the network and to improve the experience of their customers. Costain is delivering significant programmes to enhance and improve the nation’s rail network.

Record £47 billion programme proposed for Control Period 6 (2019–2024) to reduce delays and improve infrastructure reliability, for transformation into a digital railway.

Financial highlights




Underlying operating profit


Underlying profit before tax


Net cash balance


Underlying basic earnings per share


Total dividend per share

Environmental and social highlights

Percentage of waste diverted from landfill


Stem engagement


young people