**Summary of Galliford Try Holdings PLC Final Results for the Year Ended 30 June 2025**
Galliford Try Holdings PLC reported strong financial and operational performance for the year ended 30 June 2025, with a confident outlook for future growth. The company achieved a fifth consecutive year of sequential growth, with key highlights including
**Revenue Growth**Revenue increased by 6.3% to £1,875.2 million, driven by robust performance in the Highways and Environment sectors.
**Profitability**Adjusted profit before tax rose by 28.6% to £45.0 million, reflecting volume growth, quality delivery, and disciplined operational management.
**Margin Improvement**Divisional adjusted operating margin reached 3.0%, up 42 basis points, achieving the 2026 target a year early.
**Dividend Increase**The final dividend was increased by 17.4% to 13.5p per share, with a total dividend for the year of 19.0p, up 22.6%.
**Strong Balance Sheet**The company maintained a debt-free position with £237.6 million in cash, a £38.6 million PPP asset portfolio, and no pension liabilities.
**Share Buyback**Completed a £10 million share buyback program and announced a new £10 million buyback initiative.
**Order Book Growth**The order book increased by 7.9% to £4.1 billion, with 92% of FY26 and 75% of FY27 revenue already secured.
**Sustainable Growth**Made good progress towards 2030 Sustainable Growth targets, including early delivery of the 2026 margin target.
**Strategic and Operational Highlights**
**Government Alignment**Well-positioned to support the UK governments infrastructure and affordable housing investments.
**Diversified Growth**Strong presence in water, highways, defense, custodial, education, and affordable homes sectors.
**Framework Success**Secured positions on major frameworks, including the £59bn National Grid Framework and Yorkshire Waters £850m Non-Infrastructure Works Framework.
**Operational Excellence**Focus on risk management, quality delivery, and innovation to drive margin growth and profitability.
**ESG Commitment**Progress towards net-zero carbon targets, with recognition through the Green Economy Mark and maintained MSCI AAA rating.
**Financial Review**
**Revenue Breakdown**Building division revenue grew by 2.8% to £964.7 million, while Infrastructure division revenue increased by 11.3% to £902.5 million, driven by Highways and AMP7 run-off in Environment.
**Profitability**Adjusted operating profit increased by 37.2% to £40.6 million, with a combined divisional operating margin of 3.0%.
**Cash Performance**Average month-end cash balance rose by 15.4% to £178.7 million, despite a temporary impact from advanced VAT payments.
**Capital Allocation**Prioritized investment in the business, sustainable dividends, and returning excess cash through share buybacks.
**Outlook**
**Revenue Growth**Expects some flattening of revenue growth in the current year due to the transition from AMP7 to AMP8, with acceleration towards 2030 targets from 2027.
**Margin Expansion**Confident in delivering further margin expansion and profitability, targeting a 4.0% divisional adjusted operating margin by 2030.
**Order Book Strength**Record order book provides clear visibility and security of future workloads, with 92% of FY26 and 75% of FY27 revenue secured.
**Strategic Focus**Continued emphasis on disciplined contract selection, risk management, and operational improvements to achieve sustainable growth targets.
**Conclusion**
Galliford Try Holdings PLC demonstrated resilient performance and strategic alignment with UK government priorities, positioning itself for sustained growth. With a strong balance sheet, diversified order book, and focus on operational excellence, the company is well-placed to deliver long-term value to stakeholders while advancing its sustainability goals.
