Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC) CFO Kris Hampson joined Proactive's Stephen Gunnion to discuss the company's full-year 2026 trading update, with adjusted profit before tax expected to reach the top end of market expectations at £53 million on revenue growth of approximately 3%.
Hampson attributed the performance to disciplined project selection, strong execution, improved commercial terms and a growing contribution from higher-margin specialist businesses. "Our adjusted profit before tax will be at the top end of market expectations, or £53 million, well ahead of the revenue growth, which is exactly the story that we want to be telling," he said.
Average monthly cash rose 21% during the year, with the company carrying no drawn bank debt or pension liabilities. Capital allocation included nearly £20 million in dividends, a £10 million share buyback and the acquisition of Nene Valley Fire, which is trading ahead of pre-acquisition expectations.
Looking ahead, the order book has grown approximately 5% to £4.3 billion, with around 90% of its higher 2027 revenue target already secured. Key growth areas include AMP8 water investment, energy, defence, custodial construction and affordable housing.
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