Galliford Try Holdings plc (LON:GFRD) has announced its annual results statement for the year ended 30 June 2026
STRONG FULL YEAR PERFORMANCE WITH PROFIT ABOVE MARKET EXPECTATIONS AND CONTINUED CONFIDENT OUTLOOK
Financial and Operational Highlights
· 3.0% increase in revenue to £1,931.1m (2025: £1,875.2m), driven by strong performance in Highways and a successful transition to AMP8 in Environment.
· 24.2% increase in adjusted profit before tax to £55.9m (2025: £45.0m), driven by increased volumes, quality delivery and continued disciplined commercial and operational management. No exceptional items in the period.
· 3.5% divisional adjusted operating margin up 53bps (2025: 3.0%), continued strong margin progress across divisions.
· Resilient debt-free balance sheet, strong cash conversion with average month end cash for the year up 21.0% at £216.2m (2025: £178.7m), £259.0m year-end cash, up 9.0% (2025: £237.6m), PPP asset portfolio of £37.2m (2025: £38.6m) and no pension liabilities. The Group’s revolving credit facility remains undrawn since placement.
· Capital allocation in line with our priorities: £39.5m of organically generated capital deployed through M&A and organic investments and shareholder returns in the period.
· 25.9% increase in final dividend payment of 17.0p (2025: 13.5p), together with an interim dividend of 6.5p equals a total dividend for the financial year of 23.5p, up 23.7%. Announcement of new £15m share buyback programme.
Strategy and Outlook
· The Group operates in diversified, growing sectors and we are well placed to benefit from the significant, required investment in planned Government and regulated spend in the UK’s critical social and economic infrastructure.
· Confident outlook for further progress in FY2027 underpinned by a high quality £4.3bn order book (2025: £4.1bn) across our chosen growth sectors in water and wastewater, highways, education, defence, custodial, facilities management and health, and growing presence in affordable homes and energy. Good visibility of future revenue with 90% and 62% of the current financial year and FY28 projected revenue secured.
· Confidence in delivering 2030 sustainable growth targets generating significant cashflows to support further post-dividend capital allocation optionality.
Strategy and Outlook
| Financial Results1 | 2026 | 2025 | Change |
| Revenue | £1,931.1m | £1,875.2m | +3.0% |
| Adjusted operating profit | £49.5m | £40.6m | +21.9% |
| Divisional adjusted operating margin2 | 3.5% | 3.0% | +53bps |
| Adjusted profit before tax | £55.9m | £45.0m | +24.2% |
| Adjusted basic earnings per share | 42.4p | 34.4p | +23.1% |
| Average month end cash | £216.2m | £178.7m | +21.0% |
| Order book | £4.3bn | £4.1bn | +5.0% |
| Statutory results | |||
| Revenue | £1,931.1m | £1,875.2m | +3.0% |
| Statutory profit before tax | £55.0m | £44.1m | +24.7% |
| Statutory earnings per share | 41.7p | 33.7p | +23.6% |
| Full year dividend per share | 23.5p | 19.0p | +23.7% |
| Net cash | £259.0m | £237.6m | +9.0% |
1 For the reconciliation of these adjusted measures to their nearest statutory measures, refer to note 18.
2 Divisional adjusted operating margin is defined as adjusted operating profit as a percentage of adjusted revenue. It is stated for the combined Building and Infrastructure divisions.
Bill Hocking, Chief Executive, commented:
“Galliford Try has achieved a sixth consecutive year of growth, with a 3% increase in revenue and more than 20% growth in adjusted profit and earnings per share. Strong cash generation has enabled us to continue investing in the business, to return capital to shareholders and to strengthen our position for future value creation. We are making good progress towards our Sustainable Growth targets for 2030 underpinned by disciplined capital allocation and a clear focus on earnings-accretive growth.
Our reputation for disciplined risk management, careful project selection and quality delivery continues to underpin our success. Investment in the UK’s critical social and economic infrastructure remains significant. Water, transport, affordable housing, custodial infrastructure and defence are all major national priorities, and as a UK-focused contractor with strong positions across these markets, Galliford Try is well placed to support that investment and help address some of the country’s most pressing infrastructure needs.
As we look forward, the strength of our markets, our resilient balance sheet, and our disciplined business model give us confidence in the outlook for the Group.
My sincere thanks to all our people and supply chain for another excellent performance for the Group in the year.”
