REG - Galliford Try Hldgs - Trading Statement

Galliford Try HoldingsAnnouncement

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RNS Number : 6610P  Galliford Try Holdings PLC  21 January 2026

Galliford Try Holdings plc

Trading Update

Wednesday 21 January 2026

 

 

Continued progression in H1 and increased confidence in full year delivery

 

Galliford 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.

 

Update on Current Trading

 

The 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.

Given 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)

(1) 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.

 

Balance Sheet

 

The 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.

 

We 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.

 

Share Buyback

 

On 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.

 

Order Book and Outlook

 

Our order book of £4.1bn (31 December 2024:  £3.9bn) is predominantly in
long-term frameworks providing high visibility of future workload.  We
continue to see a strong pipeline of medium and long-term opportunities across
our chosen sectors, supported by our track record and focus on the public and
regulated sectors alongside high-quality private clients.

 

Since the start of the financial year the Group's notable framework wins
include:

 

 -     a place on National Grid's £9.0bn Major Works & Civils Framework,
 Lot 1 - Converter Civils & Buildings, as part of the HVDC programme,

 -      a place on the £3.0bn affordable homes framework across the East,
 South and London regions for the Registered Provider, The Hyde Group, and

 -       reappointment to the £1.0bn YORCivil Major Works 2 Framework.

 

 

Bill Hocking, Chief Executive, commented:

 

"We are pleased with our recent framework and project wins as well as the
opportunities we continue to see across all our chosen sectors.  The Group
benefits from having a strong balance sheet and a high-quality carefully
selected order book, and our ongoing investment in our excellent people
continues to build strong project teams to consistently deliver for our
clients.

 

The Group's businesses have performed well in the first half, supporting
further confidence in delivering strong results in the current financial
year.  We remain focussed on driving long-term value creation for all our
stakeholders as we deliver our Sustainable Growth Strategy to 2030."

 

 

For further enquiries please contact:

 

    Galliford Try    Bill Hocking, Chief Executive                            01895 855001

                     Kris Hampson, Chief Financial Officer

                     Kevin Corbett, General Counsel & Company Secretary
    Teneo            James Macey White/Ffion Dash                             020 7260 2700

 

The person responsible for making this announcement on behalf of Galliford Try
is Kevin Corbett, General Counsel & Company Secretary.

 

Note to Editors

Galliford Try is a trading name of Galliford Try Holdings plc, a leading FTSE
250 UK construction group. Operating as Galliford Try and Morrison
Construction, the group carries out building and infrastructure (environment
and highways) projects with clients in the public, private and regulated
sectors across the UK.

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