Financial Statement 2025

Chair’s statement

Our renewed foundations

As we move towards the 80th anniversary of our founding, Arup is building on a remarkable legacy. Every business leader has experienced the complexity of the times in which we live. The last year has been one of profound change, both in the world which Arup works and within our firm itself. I have every confidence that Arup has the acumen, skills and agility needed to navigate a volatile world.

A global influence

One of the main changes we made in the last year was to set up a new governance and Arup Group Limited Board (“the Board”) structure. The Board was established by our Trustees and initiated 1 April 2025 to oversee and hold the executive leadership to account. I am joined on the Board by both non-executive directors and executives. I am proud to see that they all exemplify credibility, excellence and strategic leadership both from the wider business ecosystem and within Arup. The diversity and calibre of our board members – spanning geographies and sectors – reflects the renewed global outlook and influence of the firm.

Looking to the future

The Board oversees the performance, compliance, and organisation of Arup, as well as the firm’s new five-year strategy, published in April 2025: ‘The future we choose’. The strategy is a culmination of over a year’s worth of hard work by our leaders and our people right across the firm. Building on our unique heritage and strong foundations, it will help us meet the complex volatilities of our time and enable us to grow, ensuring we have an even greater positive impact on the world around us in the coming years.

Our strategy has a renewed focus on working closely with our clients and being emerged in our markets, as we deliver the excellence we aim towards. Successful implementation will require a robust governance and operational structure, with strong leadership capacity from the board throughout the organisation. I would like to thank our people for their hard work throughout the financial year ending 31 March 2025. I am looking forward to seeing our achievements over the coming years. This is a truly exciting time to be part of Arup.

Hilde Tonne
Chair, Arup Group Limited

CEO’s statement

Pioneering new solutions

There’s never been a more important time for a firm like Arup to work with likeminded clients.

During the last financial year, I set our firm a challenge. I asked our global membership to imagine how we, working together with our clients and partners might continue to deliver not just the best projects in the world, but work that every time makes a positive and meaningful difference to society and the planet.

How could we, led by a clear sense of purpose honed over almost eight decades, ensure that we remain a firm that shapes cities to be the most exciting, affordable, liveable and productive places in the world? A firm that in collaboration with others helps to lead the global energy transition. A firm that enables the safe treatment, storage and supply of water for billions.

This is a truly exciting time to be collaborating with our clients. We exist to shape a better world, and as that world changes rapidly around us. I am delighted to be leading our firm in a new role as Arup’s first CEO.

Achieving a solid financial performance

The financial year ending 31 March 2025 marked a period of stabilisation and improvement for Arup, following a challenging period. We achieved a solid financial performance and maintained profitability. Our business, like many, continued to experience economic challenges with some of the markets we work in seeing a slowdown in investment, some of those due to change in a year of elections. Some challenges persist, particularly around reduced infrastructure spending and a quieter global property market. The changes in capital flows have also led to growth in some new markets, and we are in a strong position to target these. The Arup strategy 2025-2030 focuses on high-potential sectors such as renewable energy, water, and science, industry and technology, and through this we have set a clear direction for the future growth of the firm.

Delivering with purpose

Our performance has been underpinned by work of which we and our clients are especially proud. In Asia, Hong Kong’s 50,000- seat Kai Tak Stadium, designed as the ‘Pearl of the Orient’, opened in March 2025. It forms a centrepiece for the work that we have been involved in over two decades in the former home of the city’s iconic airport.

In Europe and in Australia, we have helped to reshape cities and strengthen national infrastructure. Belfast Grand Central Station brings rail and bus services in the city under one roof for the first time, creating the largest integrated transport facility on the island of Ireland. The Parramatta Light Rail is improving connectivity, supporting population growth and unlocking economic potential in Western Sydney. In the United Kingdom, our fast-growing water business has helped the National Infrastructure Commission for Wales to shape a long-term approach for managing flood risk, creating a vision for a flood resilient Wales in 2050.

In North America, with traditional electrical infrastructure under strain from dynamic changes in industrial loads and consumer demand, we have supported Pacific Northwest National Laboratory in delivering the Grid Storage Launchpad in their Washington campus. Our design approach focused on safety and performance for this testing facility that brings every stage of battery development and deployment together in one place.

The future we choose

Everything we do as a firm, everything we do as business leaders, is a choice. It’s why we called our new five-year strategy “The future we choose”. Published in April 2025, and informed, shaped and refined with input from our global membership, it places collaboration at our core – collaboration with our clients, our partners, and with each other.

Because Arup must not only be a great partner to work with – we must also be a place where every single one of our global members comes to work and takes part in an industry leading employee experience. On my visits to Arup offices during the year, I have been enormously impressed by both the quality of the work we are doing and the way we are doing it. Wherever we are, that same sense of purpose shines through as we deliver exceptional outcomes every time.

I would like to thank our clients for giving us the opportunity to tackle the world’s greatest challenges and to work on the most impactful projects. Thank you also to our members who continue to deliver their best, every day. I am grateful for the continued dedication and support of our people across the firm. I am excited to lead a new chapter as Arup’s first CEO, helping us to realise the future we choose.

Jerome Frost
CEO, Arup Group Limited