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Galliford Try Holdings PLC on Wednesday hailed hails a ‘confident outlook’ following profit more than doubling during its most recent financial year, and said it is trading ahead of expectations so far in the new year. The Uxbridge, London-based construction firm said pretax profit for the year that ended June 30 was £44.1 million, more than doubling from £19.2 million the year before. Revenue rose 6.3% to £1.88 billion from £1.76 billion. ‘Galliford Try has continued its progress, achieving a fifth consecutive year of strong financial and operational performance, with an increase in revenue, profit, margin and cash,’ said Chief Executive Officer Bill Hocking. The company said its order book stands at £4.1 billion, up from £3.8 billion a year prior. Galliford lifted its final dividend by 17% to 13.5p per share from 11.5p. Its total dividend was 23% higher on-year at 19.0p from 15.5p. The firm also announced a new £10 million share buyback. Hocking continued: ‘With 92% of projected revenue of the current financial year and 75% of FY27 already secured, the government’s future spending plans and our aligned sector focus, particularly in AMP8, we are confident in the outlook for the group, in our strategy to 2030 and in our ability to continue to deliver long-term sustainable value for all our stakeholders.’ Galliford also on Wednesday said it will begin a share buyback programme for up to £10 million. This would be the firm’s third buyback in the last few years, the most recent of which was completed in May this year, with both prior programmes returning a cumulative total of £25 million to shareholders. Peel Hunt will conduct the first tranche of the buyback for around £5.0 million. The second tranche will be conducted by Panmure Liberum. Shares in Galliford Try were up 9.2% at 471.06 pence in London on Wednesday morning. The stock has risen 62% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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