Topic Results, Investors
Date 04 Mar 2026
Galliford Try has announced its eleventh period of revenue and margin growth with the release of its half year results for the six months to 31 December 2025.
Margin has continued to progress, reaching 3.2%. This marks strong progress from 2.7% for the same period last year, and is up from September 2025 when the Group achieved its 3.0% margin target a year ahead of schedule. This has been delivered on the back of a 1.3% increase in revenue, up to £934.9m.
The Group also delivered an improved cash position, with average month-end cash up to £189.9m (H1 25 £176.4m).
This balance sheet strength enabled the acquisition of Northamptonshire-based Nene Valley Fire & Acoustics Ltd, an established, growing passive fire protection business. The acquisition is in line with the Group’s Sustainable Growth Strategy to grow its higher margin Specialist businesses.
Nene Valley Fire will join with Galliford Try’s Asset Intelligence and Oak Fire Protection businesses to expand the Group’s offering within this market.
Looking ahead, a £4.1bn high-quality order book gives excellent visibility of future work, with 98% of work for FY26 and 80% of FY27 already secured, and Government investment in the sector provides a good outlook as the business continues to execute its strategy.
Commenting on the results, Bill Hocking, Chief Executive, said: “Our results demonstrate continued momentum across the Group, and our performance supports increased confidence in improved revenue, adjusted operating margin and profit expectations for the full year. I thank all our teams and supply chain for their commitment and contribution to another successful period and welcome our new colleagues to the Group.”
You can read the full announcement here >>> A separate news release on the acquisition of Nene Valley Fire & Acoustics will be available on the website shortly.