21st Jan 2026 10:50
(Alliance News) - Construction firm Galliford Try Holdings PLC on Wednesday said it expects annual profit to be slightly ahead of the market forecast, hailing "recent framework and project wins" during a promising first half of its financial year.
The company, based in Uxbridge, west London, said its "businesses are performing well, with trading ahead of the prior year, and the board's expectations". Its first half ended on December 31.
For the year to June 30, it predicts revenue at the upper end of the current market view, and adjusted pretax profit "slightly above".
It puts the revenue forecast range between GBP1.90 billion to GBP1.92 billion, with the upper end 2.5% higher than revenue of GBP1.88 billion in financial 2025.
Further, it anticipates an adjusted pretax profit between GBP46.8 million to GBP47.7 million, with the upper end 6.0% higher than GBP45.0 million in financial 2025.
"Our strong market position in our chosen sectors and extensive participation in national long-term frameworks - particularly in transportation, education, defence, custodial and health - is well aligned with the government's future spending plans. The significantly enlarged AMP8 water framework programmes are progressing in line with expectations," Galliford added.
Its order book as of the end of December stood at GBP4.1 billion, improving from GBP3.9 billion a year earlier. It said it sees a "strong pipeline of medium and long-term opportunities".
"We are pleased with our recent framework and project wins as well as the opportunities we continue to see across all our chosen sectors. The group benefits from having a strong balance sheet and a high-quality carefully selected order book, and our ongoing investment in our excellent people continues to build strong project teams to consistently deliver for our clients," Chief Executive Bill Hocking said.
"The group's businesses have performed well in the first half, supporting further confidence in delivering strong results in the current financial year. We remain focussed on driving long-term value creation for all our stakeholders as we deliver our sustainable growth strategy to 2030."
Galliford releases half-year results on March 4.
Galliford shares traded 2.2% higher at 534.44 pence each on Wednesday morning in London.
By Eric Cunha, Alliance News news editor
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