Galliford interim profit up and says annual outturn to top forecasts

Galliford Try Holdings PLC on Wednesday hailed ‘strong first half momentum’ and the firm expects annual earnings to surpass market expectations.

Shares in Galliford Try were up 7.5% in London at 573.00 pence on Wednesday morning.

The Uxbridge, London-based construction group said pretax profit in the half year to December 31 rose 22% to £24.3 million from £20.0 million. Revenue, which Galliford said was slightly above expectations, edged up 1.3% on-year to £934.9 million from £932.2 million.

Chief Executive Bill Hocking said: ‘Our continuing strong performance and order book gives us confidence to raise our expectations for the full year to 30 June 2026.’

The company now expects revenue and adjusted pretax profit ‘above the top end of the range of current market expectations’.

It puts the revenue consensus range at £1.91 billion to £1.92 billion and forecasts for adjusted pretax profit between £48.9 million and £51.4 million. In financial 2025, Galliford achieved revenue of £1.88 billion and adjusted pretax profit of £45.0 million.

Half-year adjusted pretax profit rose 21% to £24.7 million from £20.5 million a year prior.

Galliford raised its interim dividend by 18% to 6.5 pence per share from 5.5p.

The group’s third share buyback programme of £10.0 million, announced in late 2025, is expected to be completed by the end of the financial year. As at February 27, the group has purchased over 1.7 million shares for a total of £9.0 million.

Hocking said: ‘In addition to the transition to the AMP8 water programme and our continued framework and project successes, we also see further opportunities across all our chosen sectors.’

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