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Galliford Try Shares Climb 7% as Profit Beat Prompts New £15m Buyback

Galliford Try shares jumped nearly 7% this morning after the construction group’s FY26 final results beat market expectations and the board backed the numbers with a fresh £15m share buyback, confirming a sixth straight year of growth.

The results, covering the year to 30 June 2026 and published this morning, showed adjusted pre-tax profit up 24.2% to £55.9m, from £45m the previous year, on revenue up around 3% to £1.93bn. Chief executive Bill Hocking said: “Galliford Try has achieved a sixth consecutive year of growth, with a 3% increase in revenue and more than 20% growth in adjusted profit and earnings per share.”

Both divisions contributed to the improvement. Building division operating profit rose 17.8% to £33.1m on improved bidding margins, while Infrastructure revenue rose 7.7% to £971.6m. Divisional operating margin widened to 3.5%, from 3% the previous year, according to Proactive Investors.

A strong balance sheet underpinned the shareholder returns. Net cash rose 9% to £259m, with no debt and no pension liabilities, giving the board room to raise the total dividend 23.7% to 23.5p per share and launch a new £15m share buyback. That follows a separate £10m buyback already completed earlier in the year.

Underpinning management’s confidence is an order book that grew to £4.3bn from £4.1bn, with 90% of this year’s revenue and 62% of FY28 revenue already secured.

Shares opened higher at 629p, up from Wednesday’s close of 612p, and touched an intraday high of 658p before trading at around 654.32p, a gain of about 6.9% on the day, on trading volume of 487,447 shares. Today’s move takes the shares to a fresh high, above the previous 640p 52-week peak on file. Galliford Try, a UK-focused construction and infrastructure group with operations spanning building and infrastructure work, trades on the London Stock Exchange under the ticker GFRD.

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