Galliford Try sees FY profit at top end of analyst range
15th Jul 2026 07:51
(Sharecast News) - Galliford Try said on Wednesday that full-year pre-tax profit was set to be at the top end of analysts' forecasts as momentum from the first half of the year continued through the second half.
Analysts are expecting full-year pre-tax profit of £51.4m to £53.4m.
In an update on trading for the year to 30 June, the construction company said it expects to report a sixth consecutive year of revenue, profit and cash growth. Full-year revenue is expected to have grown around 3%, with "commercial discipline and quality project execution" across both building and infrastructure, it said.
Galliford also said it expects to report consecutive, year-on-year margin progression towards its 2030 margin target of 4%.
At the end of June, the group had a "robust" order book of £4.3bn, providing visibility of long-term future workload with around 90% of revenue of the new financial year secured.
"The group's operations are predominantly in frameworks in the public and regulated sectors, and through these long-term positions on major national frameworks, we continue to see significant opportunities in water, transportation, energy infrastructure, education, defence, custodial and health," Galliford said.
It said its diversified operations are well placed to support the government's growth agenda and £725bn long-term infrastructure investment plan.
Chief executive Bill Hocking said: "Our reputation for selecting and delivering quality projects together with our financial discipline and balance sheet strength continue to be key to all stakeholders. We support government and regulated investment in the UK's social and economic infrastructure and affordable housing.
"As a UK only contractor, our confidence in the future is supported by our high-quality order book, a long-term pipeline of future opportunities in our chosen sectors and our ability to re-invest selectively in earnings-accretive growth opportunities."
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