Galliford Try
Galliford Try plc is a British construction company headquartered in Uxbridge, England, specializing in building and infrastructure projects across the United Kingdom.[1][2] Formed in 2000 through the merger of Galliford plc, originally based in the Midlands, and Try Group plc, founded in 1908 in Uxbridge by carpenter William S. Try, the company has developed into a FTSE 250 constituent employing around 4,300 people.[3][4][5] Galliford Try focuses on sectors such as health, education, environment, highways, and rail, delivering projects for public and private clients with an emphasis on sustainability, digital innovation, and long-term asset management.[6][7] As of its latest reporting, the company achieved revenues of £1.9 billion and maintains an order book of £4.1 billion, underscoring its established position in the UK construction market.[8][9]History
Origins and Early Development
The predecessor companies of Galliford Try originated in the early 20th century as regional construction and contracting firms in England. WS Try was established in 1908 by William S. Try, a carpenter, in Uxbridge, west London, initially focusing on building and carpentry services in the South East.[4] The company gradually expanded its operations in the region, laying the groundwork for broader infrastructure and construction work.[3] Galliford began in 1916 when Thomas Galliford founded a steamroller hire business in Warwickshire, in the Midlands, specializing in plant hire and road-related contracting.[10] Operations were paused during wartime but resumed postwar; in 1952, Galliford's sons re-established the firm as Galliford & Sons, shifting toward general construction activities.[10] By 1965, Galliford had grown sufficiently to become a public company, enabling further regional development in civil engineering and building projects.[4] Both entities developed independently through the late 20th century, building expertise in their respective areas—Try in southern building contracts and Galliford in midlands infrastructure—before their 2000 merger created a national-scale operation.[3] This early phase emphasized practical, localized growth amid post-war reconstruction demands, with no recorded major controversies or shifts in core focus until later consolidations.[10]Formation and Expansion in the 2000s
Galliford Try plc was established in 2000 through the merger of Galliford plc, founded in 1916, and Try Group plc, established in 1908 by W. S. Try in London.[3][11] The all-share transaction, valued at approximately £26 million, combined the two firms' complementary strengths in construction and civil engineering, creating a national contractor with enhanced regional presence across the UK.[11] Prior to the merger, Galliford had reported full-year pre-tax profits of £6 million on turnover of £280 million for the period ending earlier in 2000, reflecting robust performance that supported the deal's rationale.[11] The merged entity pursued growth through strategic acquisitions in the mid-2000s, notably the purchase of Morrison Construction Services in March 2006 for £42 million.[12] This acquisition, which included goodwill of £56.6 million, positioned Galliford Try as the UK's largest water sector contractor and expanded its capabilities in building and infrastructure projects.[3][13] Morrison, previously acquired by AWG in 2000 for £263 million, brought established expertise despite prior losses, enabling Galliford Try to secure larger public and private contracts.[12] By the end of the decade, these moves contributed to steady revenue growth, with group turnover reaching £718 million in the year to September 2005, up 5% from the prior year, and pre-tax profits increasing 16% to £26.3 million.[14] The expansion diversified operations into public-private partnerships, including private finance initiatives, while maintaining focus on core construction activities.[15]Restructuring and Challenges in the 2010s
In the early 2010s, Galliford Try navigated post-recession pressures in the UK construction sector, including reduced public and private investment, heightened competition, and economic uncertainty that constrained profit margins.[16] The company recorded net exceptional costs of £6.9 million in its 2010 financial year, encompassing restructuring provisions for lease terminations and employee payments, alongside a £8.3 million fine from the Office of Fair Trading for historical competition law breaches dating to 2001-2004.[16] Despite these headwinds, the firm achieved a pre-exceptional profit before tax of £26.1 million on revenue of £1,222 million, reflecting a recovery from prior losses through cost controls and selective expansion in housebuilding via acquisitions and landbank growth.[16] By the mid-2010s, challenges intensified from underperforming fixed-price infrastructure contracts entered during a period of optimistic bidding. In May 2017, Galliford Try issued a profit warning, announcing £98 million in write-offs primarily on "regrettable" legacy joint-venture projects, including early indicators of cost overruns on the Aberdeen Western Peripheral Route (AWPR).[17] [18] This led to a 10% share price drop and sharp analyst downgrades, with HSBC slashing full-year pre-tax profit forecasts by 68% to £46 million, attributing issues to poor contract selection and execution risks in volatile markets.[17] [19] The 2018 collapse of Carillion, a fellow contractor, heightened sector scrutiny on outsourcing models and joint ventures, though Galliford Try's exposure was limited to partnerships like those on hospital projects.[20] The decade's nadir occurred in 2019, when the construction division reported a £61.6 million operating loss for the year ended June 30, driven by exceptional costs totaling £50.8 million group-wide.[21] [22] Over £32 million stemmed from finalizing the AWPR, a £1.5 billion Scottish road project plagued by delays, disputes, and cumulative losses exceeding £152 million across three years, with uncertain £100 million in claim recoveries against the client.[21] [22] Additional hits included £6.7 million on another unnamed legacy contract and £4.6 million in restructuring expenses.[21] An April 2019 profit warning cited £30-40 million below-expectations results, exacerbated by a disappointing settlement on the Queensferry Crossing project.[23] In response, Galliford Try undertook sweeping restructuring under new CEO Graham Prothero, appointed March 26, 2019, following Peter Truscott's departure.[22] A May 2019 strategic review simplified the construction business into Building, Water, and Highways segments, eliminated fixed-price all-risk bidding (halted since 2016), and targeted a 2% operating margin by 2021 on reduced revenue of £1.3 billion annually.[24] [22] This involved cutting up to 350 jobs—mostly in Scotland—exiting the Scottish infrastructure market and international operations like the Falklands, with completion by July 2019 at a £5 million one-off cost.[25] [26] [22] The Financial Reporting Council later identified £80 million in overstated 2018 revenue tied to AWPR accounting errors, prompting corrections.[27] These measures addressed systemic issues like contract misjudgments and market volatility, including Brexit-induced housing slowdowns, though claim uncertainties lingered.[22]Divestment of House-Building Arm (2019-2020)
In September 2019, Galliford Try announced the proposed sale of its housebuilding divisions, Linden Homes and Partnerships & Regeneration, as part of a strategic shift to concentrate on its core construction operations.[22] The transaction followed the rejection of an initial £950 million bid from Bovis Homes in May 2019, leading to further negotiations that increased the deal's value.[28] The sale was completed on 3 January 2020, with Bovis Homes acquiring the divisions for a total consideration of approximately £1.1 billion, comprising cash, shares, and the assumption of debt.[28] This included a £250 million cash payment to Galliford Try, alongside shares in Bovis Homes valued at around £320 million and the transfer of certain liabilities.[29] The divestment enabled Galliford Try to demerge from housebuilding, reducing exposure to residential market volatility and bolstering its balance sheet with net proceeds exceeding £650 million after adjustments.[30] Post-sale, Galliford Try restructured as a focused UK construction firm, emphasizing infrastructure, building, and highways sectors, with the transaction yielding a one-off profit contribution of about £100 million in its 2020 financials.[31] Bovis Homes, subsequently rebranded as Vistry Group, integrated the acquired businesses to expand its affordable housing and partnerships portfolio.[28] The move aligned with broader industry trends toward specialization amid regulatory pressures and economic uncertainties in UK housing during the late 2010s.[22]Standalone Operations and Growth in the 2020s
Following the divestment of its housebuilding arm on 3 January 2020, Galliford Try reoriented as a standalone construction group, delivering projects across the United Kingdom primarily under the Galliford Try and Morrison Construction brands.[32] Operations centered on three principal divisions: Building, which targeted sectors including education, health, defence, justice, and commercial developments; Infrastructure, encompassing highways civil engineering and environment projects for water and sewage treatment; and Specialist Services, incorporating facilities management via Oak Specialist Services, asset intelligence, investments in purpose-built rental accommodation, and digital infrastructure solutions.[32] To bolster capabilities in higher-margin areas, the company executed selective acquisitions, such as the nmcn water business in 2021 and engineering specialists MCS Control Systems, Ham Baker Engineering, and AVRS Systems, enhancing expertise in regulated and public-sector domains.[32] This strategic emphasis on sustainable delivery in stable markets supported a robust balance sheet, with average month-end cash balances reaching £179 million in the financial year to 30 June 2025 (FY2025).[33] Galliford Try achieved five years of sequential growth from FY2021 onward, culminating in record adjusted profit before tax of £45 million for FY2025.[33] Revenue increased 6.3% to £1,875.2 million in FY2025 from £1,763.7 million in FY2024, driven by expansion in infrastructure (up 11.3% to £902.5 million) and contributions from specialist services.[34] The Infrastructure division benefited from strong highways performance and the tail-end of the AMP7 regulatory cycle in environment projects.[35] Key operational metrics underscored this trajectory, including a record order book of £4.1 billion at FY2025 year-end, with 92% of FY2026 revenue and 75% of FY2027 revenue secured.[33] Divisional adjusted operating margin rose to 3.0%—a 42 basis point improvement and fulfillment of the FY2026 target one year early—reflecting enhanced operational efficiency and project quality.[33] The sustained performance elevated Galliford Try to the FTSE 250 index in October 2025.[36] Under its 2030 sustainable growth framework, announced in May 2024, the group targets revenue exceeding £2.2 billion—roughly double FY2021 levels—and a 4.0% divisional operating margin, prioritizing volume growth, margin discipline, and adjacency into complementary services.[32]Business Operations
Core Divisions and Sectors
Galliford Try organises its operations into three primary reportable segments: Building, Infrastructure, and Investments, with the Building and Infrastructure divisions comprising the core of its revenue generation.[35] In the fiscal year ending June 2025, the Building segment generated £964.7 million in revenue, representing over half of the group's total, while Infrastructure contributed £902.5 million.[35] The Investments segment, focused on public-private partnerships (PPP) and private rented sector (PRS) co-developments, yielded £8.0 million.[35] The Building division delivers design, construction, and refurbishment services across the UK through regional businesses, targeting public sector clients in education, defence, custodial (justice), health, and affordable housing.[32][35] This segment emphasises sustainable, whole-life asset solutions and operates via brands including Galliford Try and Morrison Construction, particularly in Scotland.[32] It maintains long-term frameworks with government bodies, enabling repeat business in regulated environments.[32] The Infrastructure division specialises in highways and environment sub-sectors, encompassing capital projects, maintenance, resurfacing, and asset optimisation for water and wastewater networks.[32][35] Highways work includes major road schemes and routine upkeep under national frameworks, while environment activities leverage acquisitions like Lintott (2021) for non-infrastructure water technologies and AVRS Systems for adjacent capabilities.[32] This division benefits from stable, regulated revenue streams with enduring client relationships in utilities and transport.[35] Specialist services integrate across divisions, including fire stopping and cladding via Oak Specialist Services, active security through Asset Intelligence, and facilities management for green retrofits in education and health.[32] The Investments segment supports group work by funding PPP projects and PRS developments, though it constitutes a minor revenue share.[35] Overall, the company prioritises sectors with proven expertise, primarily public and regulated domains, avoiding broader commercial exposure post-2020 divestment of its housebuilding arm.[32]Key Capabilities and Methods
Galliford Try's key capabilities encompass designing, constructing, and refurbishing assets within its Building division, focusing on sectors including education, health, and defence, while its Infrastructure division handles civil engineering for water, sewage treatment, highways, and environmental projects.[32] The company also provides specialist services such as fire stopping, cladding remediation, security installations, and facilities management to support full life-cycle asset management.[32] These capabilities are bolstered by a network of regional offices across the UK, enabling localized delivery with national scale, and a focus on public and regulated frameworks where repeat business constitutes 93% of operations.[32] In construction methods, Galliford Try emphasizes Modern Methods of Construction (MMC), utilizing off-site pre-manufactured components and a "kit-of-parts" approach to standardize elements while allowing bespoke adaptations, resulting in accelerated timelines and enhanced quality control.[37] For instance, this methodology enabled the delivery of over 1,000 student bedrooms at Park View Student Village in Newcastle nearly a year ahead of traditional on-site schedules.[37] Digital tools, including Building Information Modelling (BIM) integrated with life-cycle assessment software, facilitate carbon management and precise project planning.[38] Sustainability drives methodological choices, with capabilities in low-carbon infrastructure through selective materials, retrofitting for energy efficiency, and techniques to extend asset lifespans, contributing to a 65% reduction in Scope 1 and 2 emissions from 2012 to 2021.[38] Risk management protocols and innovation integration into business processes ensure disciplined contract execution, prioritizing empirical outcomes over speculative approaches.[32]Major Projects and Contracts
Infrastructure and Highways Projects
Galliford Try's Infrastructure division, rebranded from its Highways business in June 2023, specializes in delivering major road and highway schemes across the UK, including arterial routes, smart motorways, and bypasses, often through frameworks with National Highways and local authorities.[39] [40] The division maintains a core focus on highways while expanding into urban and multi-modal transport to support lower-carbon initiatives.[39] Since 2015, Galliford Try has partnered in a joint venture with Costain on National Highways' Smart Motorways programme, delivering upgrades such as the M1 junctions 16-19 in Bedfordshire and Northamptonshire, which earned Project of the Year in 2018 for safety and delivery, and the ongoing M56 junctions 6-8 near Manchester Airport involving pavement renewals, drainage, and refuge areas.[41] These efforts, valued at over £200 million collectively, enhance traffic management through technology integration.[41] Notable completed projects include the Lincoln Eastern Bypass, a 7.5 km single-carriageway road in Lincolnshire appointed to Galliford Try following Carillion's collapse, handed over to Lincolnshire County Council in January 2021 at an approximate value of £120 million to alleviate urban congestion.[42] [43] [44] Earlier, the company contributed to the Queensferry Crossing in Scotland as part of a consortium, a £350 million cable-stayed bridge opened in 2017 forming the core of a 1.7-mile cross-Forth upgrade, though it incurred significant cost overruns impacting profits in 2019.[45] [40] [46] Recent contracts underscore ongoing expansion, such as the £300 million A47 dualling between North Tuddenham and Easton in Norfolk, commencing in October 2024 to complete a continuous dual carriageway link.[47] In September 2024, Galliford Try secured the £88.9 million South East Aylesbury Link Road to improve connectivity in Buckinghamshire.[48] Further awards include the £66.5 million Banwell Bypass in April 2025 and over £100 million for Sizewell C's 6.5 km link road and 1.8 km Two Village Bypass announced in March 2025, supporting nuclear infrastructure access.[49] [50]Water and Environment Projects
Galliford Try's Environment division delivers water and wastewater infrastructure projects across the UK, focusing on treatment works upgrades, storm water management, and sustainable drainage systems to meet regulatory compliance and enhance flood resilience. The division holds frameworks with 12 major UK water utilities, enabling delivery of capital improvement programs valued in the hundreds of millions.[51][52] For Yorkshire Water, Galliford Try completed the upgrade of Bolton-upon-Dearne wastewater treatment works in South Yorkshire, incorporating a new elevated inlet works, tertiary treatment plant, and refurbished process units to achieve ammonia compliance standards. The project pioneered the use of Moving Bed Biofilm Reactor (MBBR) technology, employing plastic discs and air bubbles for efficient biological treatment in a compact footprint compared to conventional activated sludge systems. This work formed part of broader AMP6 and AMP7 frameworks totaling approximately £115 million in value.[53] In partnership with Southern Water, Galliford Try upgraded Portswood wastewater treatment works in Southampton for £5.5 million, installing covers on sludge consolidation tanks and enhancing inlet works, storm, and primary settlement tanks to mitigate odour emissions. Another scheme involved boring a 300-meter tunnel with a 1.8-meter diameter at Shanklin on the Isle of Wight, adding 750,000 litres of storm water storage to improve local bathing water quality. These efforts supported AMP6 and AMP7 delivery programs exceeding £215 million combined.[54] Galliford Try contributed to Severn Trent's Stroud Sewerage Strategy in Gloucestershire, constructing a new Combined Sewer Overflow (CSO) and 3.65 km trunk sewer system starting in March 2022 to boost sewer capacity, store storm events, separate surface water, and reduce infiltration-related flooding. The project integrated SmartRock wireless sensors for real-time concrete maturity monitoring, achieving approximately 50% efficiency gains in data collection via the Giatec 360 platform.[55] A notable environmental initiative is the Mansfield Sustainable Flood Resilience project for Severn Trent, recognized as the UK's first and largest retrofit Sustainable Urban Drainage System (SuDS), incorporating rain gardens, bioswales, permeable paving, and tree pits across the Mansfield catchment to intercept rainwater, filter debris, elevate water quality, and alleviate sewer pressure. Shortlisted for the 2025 British Construction and Infrastructure Awards Water Project Award, it includes community engagement through school programs and volunteering to promote flood resilience benchmarks.[56] In October 2025, Galliford Try secured appointment to Wessex Water's Design & Build Contractors framework for the £3.7 billion AMP8 period, covering Lot 1 (non-infrastructure works like facilities and treatment systems) and Lot 2 (infrastructure such as networks and pipelines for water and wastewater), with an initial five-year term extendable to eight years in collaboration with YTL Construction (UK).[57]Building and Social Infrastructure Projects
Galliford Try's Building division specializes in social infrastructure projects, including healthcare facilities, educational institutions, and affordable housing developments, which form a significant portion of its operations accounting for over 50% of group revenue.[58] These projects emphasize modern, sustainable designs, such as net-zero carbon buildings and specialized environments for vulnerable populations, delivered across England, Scotland, and Wales.[59] In the healthcare sector, Galliford Try has constructed over 327,000 square meters of facilities in the past 13 years, encompassing acute care, mental health units, and community centers.[60] Notable completions include the £12.2 million Edenbridge Memorial Health Centre in Four Elms, Kent, handed over in January 2024, which integrates primary care services with advanced diagnostic capabilities.[61] In February 2025, the firm delivered a Community Diagnostic Centre at Florence Nightingale Community Hospital in Derby, enhancing outpatient imaging and testing services.[62] Ongoing mental health initiatives feature a £35 million inpatient facility for Surrey and Borders Partnership NHS Foundation Trust, construction of which began in March 2023, alongside refurbishments like the £9.5 million theatres upgrade at Queen Mary's Hospital in Sidcup.[63][64] Earlier projects, such as the Royal Edinburgh Hospital redevelopment as part of Scotland's 10-year mental health programme, underscore long-term commitments to specialized care environments.[65] Educational projects focus on special educational needs and disabilities (SEND) schools, with 17 such developments valued at £265 million completed in the last three years, addressing complex learning and wellbeing requirements.[59] Examples include the new Woodlands Academy in Scarborough, a net-zero carbon SEND facility for ages 3-18 emphasizing 21st-century skills and student wellbeing, and Cleeve Meadow School, a special free school for 120 pupils aged 11+ with sensory impairments and learning difficulties.[66][67] In mainstream education, Galliford Try secured a £15.6 million contract in July 2025 for RL Hughes Primary School in Wigan via the Department for Education's framework, alongside the February 2025 appointment for Castle Hill Primary School redevelopment in Ipswich as a net-zero operational carbon site.[68][69] Broader efforts, like the North East Priority School Building Programme delivering 12 new schools across multiple authorities, highlight batch-scale infrastructure renewal.[70] However, the firm's pioneering secure school in England, opened in 2025, encountered issues requiring replacement of over 150 internal doors due to design flaws affecting security.[71] Social housing initiatives saw Galliford Try re-enter the affordable market in 2024 after a four-year hiatus, securing frameworks for growth.[72] In October 2025, it joined The Hyde Group's £3 billion framework targeting 1,500 homes annually over five years in the East, Midlands, and South East regions, focusing on high-quality, sustainable units for registered providers.[73] This aligns with earlier 2024 appointments to sector frameworks, enabling delivery of community-integrated developments.[74]Subsidiaries and Brands
Primary Operating Brands
Galliford Try conducts its core construction activities primarily through the Galliford Try brand, which serves as the group's flagship entity with over 100 years of operational history, focusing on delivering building and infrastructure projects that emphasize community impact and sustainable development across the UK.[75] This brand handles a broad portfolio of public and private sector work, including highways, environment, and social infrastructure initiatives.[32] Morrison Construction, acquired by Galliford Try in 2006 for £42 million from AWG PLC, operates as the primary brand for Scottish construction operations and is recognized as Scotland's leading contractor in building, civil engineering, investments, and facilities management.[75][3][12] The brand has contributed significantly to the group's regional expansion, executing major projects in sectors such as infrastructure and public buildings.[76] Other key operating brands under the Galliford Try umbrella include Ham Baker Engineering, which specializes in asset inspection, maintenance, screening systems, and distributor operations primarily for highways and infrastructure assets.[75] Oak Specialist Services focuses on building envelope solutions, encompassing new-build facades, green retrofits, cladding remediation, passive fire protection, fire maintenance, and fabric surveys to ensure compliance and safety in construction projects.[75] In the environment and water sectors, Lintott, acquired as part of nmcn's water business in 2021, designs, manufactures, and maintains packaged water and wastewater treatment systems, including process software and electrical control panels, earning multiple industry awards for its engineering solutions.[75][3] AVRS Systems, established in 1972 and acquired in 2023, provides specialist mechanical, electrical, instrumentation, and control solutions tailored to water and energy infrastructure projects.[75][77] Asset Intelligence integrates physical, electronic, and fire security systems to protect critical national infrastructure and personnel across UK sites.[75] These brands collectively enable Galliford Try to deliver specialized capabilities while maintaining a focus on core strengths in building and infrastructure, with operations balanced across regions and sectors as of 2024.[75][32]Specialized Acquisitions and Entities
Galliford Try has pursued specialized acquisitions to bolster its technical capabilities in niche areas such as water technologies, mechanical-electrical engineering, and building safety services, aligning with its Sustainable Growth Strategy initiated in 2021. These moves target regulated sectors like water infrastructure and fire protection, enhancing in-house expertise for complex projects.[32] A key acquisition occurred on October 7, 2021, when Galliford Try purchased substantially all of nmcn plc's water business for £1 million from administrators, incorporating the specialist water process and control entities Nomenca and Lintott. Nomenca provides mechanical, electrical, instrumentation, control, and automation (MEICA) services, while Lintott designs, manufactures, and maintains water and wastewater treatment systems, including process software and electrical control panels. The deal safeguarded around 900 jobs and added design and MEICA competencies to Galliford Try's environment division, enabling expanded revenue in water treatment contracts.[78][79] On November 18, 2022, the company acquired Ham Baker Engineering's asset inspection, maintenance, screens, and distributor operations, integrating these into its water technologies portfolio. Ham Baker specializes in equipment for water asset management, including coarse screens and distributors for wastewater treatment, complementing prior water-focused capabilities and supporting sustainable infrastructure maintenance.[80] In November 2023, Galliford Try acquired AVRS Systems Limited, a firm founded in 1972 offering mechanical and electrical design/build solutions primarily for water and energy sectors. As a MEICA contractor, AVRS strengthens project delivery in instrumentation, control, and automation for treatment facilities, furthering growth in the UK's water industry amid increasing regulatory demands for efficiency and resilience.[81] Additional specialized entities include MCS Control Systems, acquired post-2021 to advance control technologies within the water division; Oak Specialist Services, focused on facades, cladding remediation, passive fire protection, and building surveys; and Asset Intelligence, which integrates physical, electronic, and fire security systems for critical infrastructure. These subsidiaries operate semi-autonomously, providing targeted services that differentiate Galliford Try in high-specification, compliance-driven markets.[32][75]Financial Performance
Historical Financial Trends
Galliford Try experienced volatile financial performance in the 2010s, with revenues peaking above £3 billion in fiscal years around 2015–2018 amid involvement in high-risk large-scale projects, but subsequent losses prompted strategic divestments including its housing division in 2019 and a focus on lower-risk public sector work.[82] By fiscal year 2020 (ending June 30), revenue had contracted to £1,121.6 million alongside a pre-tax loss of £34.6 million, reflecting impairments and contract underperformance.[83] Post-refocus as a standalone construction firm, revenues stabilized and began organic growth, rising to £1,124.8 million in 2021 and £1,237.2 million in 2022, supported by improved order books in building and infrastructure.[83] Profitability recovered with pre-tax profits of £11.4 million in 2021 and £5.4 million in 2022, though margins remained pressured by legacy issues and market conditions.[83] Acceleration occurred in 2023, with revenue jumping 12.7% to £1,393.7 million and statutory pre-tax profit reaching £10.1 million, driven by divisional efficiencies.[83] Further momentum in fiscal 2024 saw revenue surge 27.2% to £1,772.8 million, fueled by acquisitions and strong execution in infrastructure (£819.8 million) and building (£938.3 million), yielding statutory pre-tax profit of £30.9 million and pre-exceptional profit of £32.7 million.[83][84] In 2025, revenue grew 6.3% to £1,875 million, with statutory pre-tax profit climbing to £44.1 million and adjusted pre-tax profit to £45.0 million, marking a compound annual growth rate exceeding 50% in adjusted profits over two years amid disciplined margin expansion to 3%.[35][85]| Fiscal Year Ending June 30 | Revenue (£ million) | Pre-Tax Profit (£ million, Statutory) |
|---|---|---|
| 2020 | 1,121.6 | -34.6 |
| 2021 | 1,124.8 | 11.4 |
| 2022 | 1,237.2 | 5.4 |
| 2023 | 1,393.7 | 10.1 |
| 2024 | 1,772.8 | 30.9 |
| 2025 | 1,875.0 | 44.1 |
Recent Results and Projections
For the fiscal year ended 30 June 2025 (FY2025), Galliford Try reported revenue of £1,875 million, a 6.3% increase from £1,765 million in FY2024, driven by performance in its Environment division from AMP7 programme run-off and sustained Highways activity.[86] Adjusted pre-tax profit rose 28.6% to £45 million, reflecting improved margins and operational efficiency, while basic earnings per share increased 16% to 34.4 pence. The group's order book stood at a record £4.1 billion as of 30 June 2025, up from £3.9 billion the prior year, with 93% derived from public and regulated sectors providing visibility into future workloads.[34]| Key FY2025 Financial Metrics | FY2025 | FY2024 | Change |
|---|---|---|---|
| Revenue (£m) | 1,875 | 1,765 | +6.3% [86] |
| Adjusted Pre-Tax Profit (£m) | 45 | 35 | +28.6%[88] |
| Order Book (£bn) | 4.1 | 3.9 | +5.1% [34] |
| Basic EPS (pence) | 34.4 | 29.7 | +16% [88] |