9th Jul 2025 12:22
(Alliance News) - Galliford Try Holdings PLC on Wednesday said it expects to report an annual performance ahead of expectations, amid a strong order book.
The Uxbridge, England-based construction company expects to report revenue and adjusted pretax profit ahead of the current market forecasts for the financial year that ended June 30.
Galliford put the consensus range for revenue between GBP1.86 billion and GBP1.89 billion, and the profit range between GBP40.1 million and GBP41.6 million. This would put revenue up at least 5.2% from GBP1.77 billion in financial 2024 and adjusted pretax profit up at least 23% from GBP32.7 million.
It also expects to report margin progression in financial 2025 toward its target of 3.0% for financial 2026. Divisional operating margin was 2.5% in financial 2024.
Galliford said it had GBP237.6 million in cash as of June 30, up from GBP227.0 million a year before. This was despite spending GBP10 million on share buybacks during the second half of the year.
"I am delighted that all our operations continued to perform strongly throughout the second half of the year, and we expect to report another year of increased revenue and profit in September," Chief Executive Bill Hocking said.
Galliford will release its annual results on September 17.
Looking ahead, Galliford said its order book stood at GBP4.1 billion on June 30, up from GBP3.8 billion a year ago. This means 90% of its expected financial 2026 revenue is secured.
Shares were 3.0% to 432.50 pence midday Wednesday in London.
By Tom Waite, Alliance News editor
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