Half Year 2026 Galliford Try Holdings PLC Earnings Call Transcript
Key Points
- Galliford Try Holdings PLC (FRA:3WC) reported a strong first half with revenue up by GBP12 million or 1.3% to GBP935 million.
- The company achieved a significant 20% increase in adjusted profit before tax to GBP24.7 million.
- Galliford Try Holdings PLC (FRA:3WC) has a robust order book of GBP4.1 billion, with 98% of work secured for the current financial year.
- The acquisition of Nene Valley Fire & Acoustic Limited is expected to be margin accretive from the first year, enhancing their specialist business portfolio.
- The company maintains a strong cash position with average month-end cash of GBP190 million, up 6.3% from June 2025, and has no bank debts or pension liabilities.
- The Investments business reported an adjusted operating loss of GBP1.1 million, reflecting challenges in this segment.
- The affordable homes market is approximately 18 months behind expectations due to external factors such as planning and funding issues.
- There is a modest revenue growth in the Infrastructure division due to the transition from AMP7 to AMP8, which may impact short-term performance.
- Central costs increased modestly to GBP7.4 million, which is broadly in line with revenue growth but still a concern for cost management.
- The Building Safety Act has caused delays in some projects, particularly in London, affecting the pace of project execution.
Hello, everybody, and welcome to Galliford Try's half year results for the period ending 31 December, 2025. I'm Bill Hocking, Chief Executive, and I'm here with Kris Hampson, CFO.
The photo you see here is typical of the work we do in the existing wastewater treatment works around the country, and I'll come back to this key growth area later on in the presentation.
Here's the agenda for today. I'll run through the highlights. Kris will do the financials, and then I'll outline progress against our 2030 strategy. We're in really good shape with great people, a strong order book and some of the most supportive market conditions that I've seen in my career. There's a huge amount of work to do on social and economic infrastructure across the UK, and Galliford Try is well placed to support these investments and to benefit from them.
We've had a strong first half with good trading across all divisions, resulting in another period of profit and margin growth. Revenue is up GBP12 million or 1.3% at
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