Galliford Try | FY25 Trading Update - Results beat expected, again
Galliford Try's results continue to affirm the strength of its strategy, market positioning, execution, and risk management. After a strong performance for 1HFY25, full-year guidance to June is again for a beat to expectations with revenue and adjusted profit before tax expected to slightly exceed the top end of market forecasts, currently standing at £1,885.6m and £41.6m, respectively. That is despite a 14.4% hike in the consensus forecast for adjusted profit before tax since January. The company completed its £10m share buyback programme in May including £6.2m repurchased in 2HFY25 yet cash and net cash at YEFY25 still increased to £237.6m from £210.0m at 31 December. The orderbook continues to grow, closing the year at £4.1bn (£3.8bn at YEFY24 and £3.9bn at end 1HFY25) with 90% of revenue already secured for FY26, up from 81% at the interim stage.Galliford Try is a housebuilding, regeneration and construction group. Co.'s operating segments are: Linden Homes, which is a housebuilder that develops housing on sites, primarily for first-time buyers and families; Partnerships and Regeneration, which is Co.'s specialist regeneration business that works with registered providers and other partners to increase the supply of housing and build sustainable communities; and Construction, which is organised into the Building, Infrastructure and PPP Investments divisions, and also includes facilities management, telecommunications, dry lining and its national piling specialists, Rock & Alluvium.
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