Business
Trading Statement
Galliford Try Holdings plc anticipates strong performance for the full financial year, expecting revenue towards the upper end of market expectations and adjusted profit before tax slightly above the top end, with analysts forecasting £1,900m-£1,922m revenue and £46.8m-£47.7m adjusted profit before tax. The company's average month-end cash increased to £189.9m for the 12 months ending December 31, 2025, with period-end cash at £211.7m, and maintains an undrawn revolving credit facility. The order book stands at £4.1bn, up from £3.9bn, bolstered by significant framework wins including National Grid's £9.0bn Major Works & Civils Framework and a £3.0bn affordable homes framework. The company has also purchased £8.0m of shares under its £10.0m buyback program. Disclaimer*
About this update from Galliford Try Holdings Plc
[{"type":"text","content":"\n\nGalliford Try Holdings plc\nTrading Update\nWednesday 21 January 2026\n \n \nContinued progression in H1 and increased confidence in full year delivery\n \nGalliford Try Holdings plc, a leading FTSE 250 construction group, today provides an update on trading for the half year from 1 July 2025 to 31 December 2025. The Group expects to announce its results for the half year on Wednesday 4 March 2026.\n \nUpdate on Current Trading\n \nThe Group's businesses are performing well, with trading ahead of the prior year, and the Board's expectations. 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. \nGiven the outlook, we now expect revenue for the full financial year to be towards the upper end of current market expectations and for adjusted profit before tax to be slightly above the top end of current market expectations.1\n1 The range of analysts' forecasts for the year ending 30 June 2026, based on forecasts at 19 January 2026, is for revenue of £1,900m to £1,922m and adjusted profit before tax of £46.8m to £47.7m.\n \nBalance Sheet\n \nThe average month-end cash for the rolling 12 months ended 31 December 2025 was £189.9m (year to 30 June 2025: £178.7m) and period-end cash at 31 December 2025 was £211.7m (31 December 2024: £210.0m). The Group continues to maintain a portfolio of PPP assets and has no debt or pensions liabilities. The Group's revolving credit facility, established last year, remains undrawn.\n \nWe believe the Group's strong balance sheet differentiates our ability to secure high quality contracts and frameworks, to attract a highly skilled supply chain and continue to invest in the business whilst providing incremental returns to shareholders.\n \nShare Buyback\n \nOn 17 September 2025, the Group launched its third share buyback programme of up to a maximum of £10.0m. As at 19 January 2026 the Group had purchased a total of 1,579,151 shares, for an aggregate consideration of £8.0m.\n \nOrder Book and Outlook\n \...