Galliford Try doubles profit as 3% margin milestone hit early

Income rose 6% to £1.88bn within the 12 months to June 2025 whereas statutory pre-tax revenue jumped to £44m from £19m.

The contractor additionally delivered its 3% divisional margin goal a 12 months early, as evenly matched constructing and infrastructure divisions delivered forward of expectations.

The order ebook now stands at £4.1bn, up from £3.8bn, giving good future visibility with 92% of income already secured for the present monetary 12 months and 75% for 2027, an organization ahead work file.

Chief government Invoice Hocking stated Galliford Attempt had delivered one other sturdy 12 months with enhancements in income, revenue, margin and money.

He stated the agency was now ideally positioned to profit from authorities funding in water, highways, defence, custodial, schooling and inexpensive properties.

Hocking stated: “Income progress was anticipated flatten throughout the transition within the essential water sector from AMP7 to AMP8 however after that water work is beginning to look very sturdy for 27/28.”

“We stay assured of additional margin enchancment on the trail to a 4% divisional margin by 2030.

Infrastructure revenues grew 11% to £903m with revenue up 36% to £27m at a 3% margin.

New work included positions on Nationwide Grid’s £59bn framework, NEPO’s £1bn civils framework, Banwell Bypass in North Somerset and Yorkshire Water’s £850m AMP8 non-infrastructure deal. The infrastructure order ebook now totals £1.69bn.

Constructing revenues edged up 3% to £965m with revenue up 17% to £28m at a 2.9% margin.

Main wins included Ministry of Justice hearth security schemes at HMP Wakefield and HMP Moorland and a £63m job at RAF Digby, alongside £133m of labor transferred from ISG’s administration. The constructing order ebook elevated to £2.45bn.

The sturdy efficiency over the 12 months noticed internet money climb to £238m with common month-end money of £179m.

That supported a 23% rise within the full-year dividend to a file 19p a share and plans for an additional £10m share buyback on prime of the £10m programme accomplished earlier this 12 months.