Galliford Try has released a trading update for the half-year to December 2025. While the pace of growth YoY has slowed, as anticipated, it has still exceeded the expectations of the Board and the market. The company is guiding for FY26 revenue towards the upper end of current market forecasts and slightly above the top end of forecasts for adjusted PBT, currently standing at £1,922m and £47.7m, respectively. Business performance has been strong across the group with the transition from the AMP7 to the AMP8 water framework, which is double the size, progressing as anticipated. Guidance implies a further improvement in underlying margin. Galliford Try looks well on track to meet or beat its 2030 targets of revenue above £2.2bn and a divisional margin of 4%, a third higher than FY25. The pace of growth in revenue and margin is set to pick up from FY27 but adjusted PBT for FY26 is still on track for decent growth of 6-7% YoY in what is a transition year.
