Galliford Try doubles profit as sector ‘rebalance’ reaps rewards

Galliford Try has reported a significant financial uplift, with pre-tax profit more than doubling to £44.1m for the year ending June 2025, underscoring the success of its long-term strategic 'rebalance'. The firm achieved a 3 per cent adjusted operating margin a year ahead of schedule, with turnover rising to £1.9bn, marking a fifth consecutive year of growth. Infrastructure proved a primary driver, its profit increasing over a third to £27.4m. CEO Bill Hocking noted the sector's growing dominance, now 48 per cent of annual workload – a substantial shift. While Hocking anticipates near-term growth flattening due to AMP7-AMP8 water pipeline transition, Galliford Try remains committed to its 2030 turnover target of £2.2bn, driven by infrastructure expansion. The firm's robust cash position, £237.6m, facilitated a £10m share buyback and an increased full dividend of 19p per share. Its building division successfully assimilated £133m of projects from the collapsed ISG, particularly in education and prisons. The company also anticipates significant opportunities from increased defence spending, bolstering a diversified £4.1bn order book. Read More