Galliford Try H1 revenue up 1.3%, profit rises 20.5%

Galliford Try Holdings

04/03/2026 07:13

Overview

UK construction firm's H1 revenue rose 1.3%

Adjusted profit before tax increased 20.5% to £24.7m

Company acquired Nene Valley Fire & Acoustic for c£10m

Outlook

Galliford Try expects full-year revenue and profit above market expectations

Company has secured 98% of FY26 and 80% of FY27 projected revenue

Galliford Try sees opportunities in water, transportation, education sectors

Result Drivers

ORDER BOOK STRENGTH - Co reported a strong order book of £4.1bn, providing good visibility and consistency to trading

ACQUISITION IMPACT - Acquisition of Nene Valley Fire & Acoustic expected to enhance fire protection business and be margin accretive

MARGIN IMPROVEMENT - Improved commercial terms and quality delivery drove margin increases in Building and Infrastructure divisions

Company press release: ID:nRSD2073Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 934.90 mln
H1 Adjusted Operating Profit
GBP 21.60 mln
H1 Adjusted Pretax Profit
GBP 24.70 mln
H1 Dividend
GBP 0.07
H1 Order Book
GBP 4.10 bln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Galliford Try Holdings PLC is GBp610.00, about 14.4% above its March 3 closing price of GBp533.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)