Galliford Try maintains momentum into new financial year

(Sharecast News) - Galliford Try said in an update on Thursday that it had maintained the strong momentum reported at its full-year results in September, with trading in the early months of the new financial year in line with the board's expectations and supported by a high level of secured revenue. The construction group, which entered the FTSE 250 index on 1 October, told shareholders at its annual general meeting that the transition from the AMP7 to AMP8 water industry regulatory periods was progressing as expected in the first half of the 2026 financial year.

It added that it continued to trade solidly across its chosen markets, following a fifth consecutive year of growth in revenue, profit, margins and cash in 2025.

On 20 October, Galliford Try's building division secured a place on a £3bn affordable homes framework with the Hyde Group, one of the UK's major registered providers.

The company also continued to return capital to shareholders, having launched its third share buyback programme on 17 September with capacity of up to £10m.

As of 10 November it had repurchased 297,649 shares for a total of £1.5m.

The board said it remained confident of meeting its objectives for the current year and of making further progress under its sustainable growth strategy to 2030.

It noted that 92% of projected revenue for the 2026 financial year and 75% for 2027 was already secured, providing strong visibility.

The group's focus on selected sectors, particularly the water industry, aligned closely with government infrastructure spending plans, the board noted.

At 1005 GMT, shares in Galliford Try Holdings were up 1.69% at 496.23p.

Reporting by Josh White for Sharecast.com.