Galliford Try, a UK construction group, reported its FY26 results on September 17, 2026, presenting a sixth consecutive year of growth. The company's revenue increased by 3.0% to £1.93 billion, while its adjusted profit before tax jumped 24.2% to £55.9 million. Adjusted operating profit rose 21.9% to £49.5 million, with the divisional adjusted operating margin improving by 53 basis points to 3.5%. Net interest income increased 45.5% to £6.4 million, and the adjusted effective tax rate rose to 25.0%.
The company's share price rose 6.75% to £653.30 following the announcement, trading near the top of its 52-week range of £465.50 to £658. The total shareholder return reached 413% from July 1, 2020, to June 30, 2026.
Galliford Try's Building Division saw a 17.8% surge in adjusted operating profit to £33.1 million, with an operating margin expansion of 57 basis points to 3.5%. The order book grew 8.3% to £2.7 billion, with 92% of FY26 work coming from repeat clients. The Infrastructure Division reported a 7.7% revenue increase to £971.6 million, with a 25.2% rise in adjusted operating profit to £34.3 million and a 49 basis points improvement in operating margin to 3.5%.
The company's total order book stood at £4.3 billion, with 61% from Infrastructure and 39% from Building. 90% of FY27 revenue and 62% of FY28 revenue were already secured. Galliford Try maintained a strong cash position, with £259.0 million in cash at year-end, up 9.0% from June 2025, and no drawn bank debt or pension liabilities. The 12-month average month-end cash position was £216.2 million, a 21.0% increase year-over-year.
The company announced a full-year dividend of 23.5 pence per share, a 23.7% increase, covered 1.8 times by adjusted earnings per share. A new £15 million share buyback program was announced, following the completion of a £10 million buyback earlier in the fiscal year. Total returns to shareholders since FY21 amounted to £146 million, including £84 million in ordinary dividends, £12.5 million in a special dividend, and £50 million through share buybacks.
Galliford Try's long-term targets include exceeding £2.2 billion in revenue by 2030, with a divisional adjusted operating margin of 4.0%. The company's six-year compound annual growth rate (FY21 to FY26) was 11% for revenue, 35% for adjusted profit before tax, and 33% for adjusted earnings per share.
The company is well-positioned within the UK's infrastructure investment landscape, with total planned UK investments through 2035 amounting to £316 billion. Key sectors include environment (£104 billion), energy (£75 billion), highways (£43 billion), and affordable homes (£39 billion). Galliford Try has a strong footprint in the water sector, working with all 13 major water and sewerage companies.
Kris Hampson, CFO, described the company's financial footing as maintaining a "strong and straightforward balance sheet." Bill Hocking, Chief Executive, stated that the company expects FY27 performance "in line with expectations" with confidence in delivering similar revenue growth plus further profitability and margin expansion. He noted that while the company could potentially double in size, it prefers "civilized" growth supported by the right people and supply chain capabilities.
