**Summary of Galliford Try Holdings PLC Half-Year Financial Report (March 2026)**
**Overview**
Galliford Try Holdings PLC reported strong first-half momentum for the six months ended 31 December 2025, with revenue and adjusted profit before tax exceeding expectations. The company anticipates full-year results <mark style="background-color:yellow">above</mark> the top end of current market forecasts, driven by robust performance across core businesses and strategic acquisitions.
**Financial Highlights**
**Revenue**Increased by 1.3% to £934.9 million (H1 2025: £923.2 million), slightly ahead of expectations.
**Adjusted Profit Before Tax**Rose by 20.5% to £24.7 million (H1 2025: £20.5 million), with broad-based growth across core businesses.
**Divisional Adjusted Operating Margin**Improved to 3.2% (H1 2025: 2.7%), progressing toward the 4.0% strategic target for 2030.
**Interim Dividend**Increased by 18.2% to 6.5p per share (H1 2025: 5.5p), in line with EPS growth.
**Order Book**Grew by 5.1% to £4.1 billion (H1 2025: £3.9 billion), providing strong visibility and consistency in trading.
**Strategic Developments**
**AMP8 Water Programme**Successful transition, enhancing participation in long-term national frameworks.
**Acquisition**Acquired Nene Valley Fire & Acoustic Limited for c£10m, bolstering specialist fire protection capabilities and accelerating growth in this high-margin sector.
**Organic Investment**Established a Keighley pipe fabrication facility to support higher-margin adjacent businesses.
**Operational Performance**
**Building Division**Revenue up 2.0% to £476.5 million, with adjusted operating profit rising 19.2% to £14.9 million. Secured places on major frameworks, including the £15.4bn DfE Construction Framework 25 (CF25).
**Infrastructure Division**Revenue up 0.6% to £454.2 million, with adjusted operating profit increasing 23.6% to £15.2 million. Won significant contracts, including National Grids £9.0bn Major Works & Civils Framework.
**Investments Division**Revenue stable at £4.2 million, with an adjusted operating loss of £1.1 million. PPP portfolio valued at £38.5 million, generating £1.8 million in interest income.
**Financial Position**
**Balance Sheet**Strong, with 12-month average month-end cash at £189.9 million and net cash at £211.7 million.
**Share Buyback**Completed £9.0m of a £10.0m share buyback programme.
**Outlook**
**Full-Year Expectations**Revenue and adjusted profit before tax projected to exceed market expectations.
**Revenue Visibility**98% of FY26 and 80% of FY27 revenue already secured.
**Strategic Focus**Continued investment in higher-margin adjacent businesses and disciplined M&A pipeline.
**Sustainability and ESG**
**Net Zero Commitment**On track to achieve net zero carbon across operations by 2030 and all activities by 2045.
**Social Value**Delivered over £2bn in social and local economic value since 2022.
**Employee Engagement**Maintained high employee advocacy score of 87%, reflecting strong people-centric culture.
**Conclusion**
Galliford Try demonstrated resilience and growth in the first half, underpinned by strategic investments, operational excellence, and a robust order book. The company is well-positioned to capitalize on UK infrastructure spending and deliver sustainable long-term value to stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Galliford Try Holdings PLC:
**Notes:** * The table compares key financial metrics for Galliford Try Holdings PLC between H1 2026 and H1 2025.
* The data is extracted from the provided text, which is a half-year financial report released on March 4, 2026.
* The table includes metrics such as revenue, adjusted operating profit, divisional adjusted operating margin, adjusted profit before tax, adjusted basic earnings per share, 12 months average month end cash, order book, and net cash.
* The "Change" column shows the percentage change between H1 2026 and H1 2025 for each metric. This table provides a concise overview of the year-on-year financial performance and debt position of Galliford Try Holdings PLC.
