Topic Investors
Date 09 Jul 2025
Galliford Try is pleased to announce its Trading Update for the year ended 30 June 2025, reporting strong progress across the board, with performance ahead of expectations.
Highlights include:
· Strong progress in the year against our strategic targets, with increased revenue and profit before tax.
· Full year revenue and pre-exceptional profit before tax expected to be slightly above the upper end of current analyst forecasts.
· Continued balance sheet strength, with £237.6m of cash at 30 June 2025 (2024: £227m) and average month-end cash during the financial year of £178.7m (2024: £154.8m).
· Confident outlook driven by a high-quality record order book of £4.1bn (2024: £3.8bn) with 90% of revenue for the new financial year secured (2024: 92%).
Bill Hocking, Chief Executive for Galliford Try, commented: “I am delighted that all our operations continued to perform strongly throughout the second half of the year and we expect to report another year of increased revenue and profit in September.
“Our balance sheet strength and reputation continue to be key to all stakeholders. We welcome the Government’s commitment to invest in improving the UK’s social and economic infrastructure and affordable housing. As a UK only contractor, our confidence in the future is supported by our high-quality order book as well as a long-term pipeline of future opportunities in key and critical sectors as supported by the investment proposals in last month’s Spending Review and UK Infrastructure Strategy plans.
“I continue to be impressed by our people and project teams, their professionalism and work ethic. We are excited about the opportunities in our chosen sectors and the delivery of further strong performance and long-term value for all stakeholders as we deliver our sustainable growth targets by 2030.”