Galliford Try has reported a solid set of financial results for the half-year period ending 31 December 2024, marking significant progress towards its 2030 Sustainable Growth Strategy targets.

The construction and infrastructure company saw a 22% rise in profit, reaching £20.5 million, and a 13% increase in revenue, which climbed to £923 million. The Group’s order book has also grown, now standing at £3.9 billion, up from £3.7 billion at the same point last year.

In terms of margins, the divisional adjusted margin increased from 2.5% to 2.7%, edging closer to the 4% target set for 2030. Additionally, the company announced a 38% rise in its interim dividend, bringing it to 5.5p per share. Cash reserves remain strong, standing at £176 million, up from £155 million at the end of June 2024.

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Galliford Try has also secured a new Revolving Credit Facility (RCF) with leading banks, providing the company with increased agility and resilience. This reflects the confidence in the Group's outlook and its robust balance sheet.

The Group's strong performance has been underpinned by its success in securing long-term major frameworks. Galliford Try is well-positioned to support the Government’s growth agenda, with 98% of projected revenue for the current financial year and 81% for the following year already secured, providing greater predictability for its trading activities.

Bill Hocking, Chief Executive, commented: "The Group's excellent performance in the first half of the financial year provides increased confidence and improved revenue, margin and profit expectations for the full year.

"In addition to our continued successes in Building and Environment, we see a pipeline of opportunities across all our chosen sectors. Our track record of operational delivery, focused risk management, committed people and established relationships with our supply chain and clients provides consistency to our results.

"Our recent major long-term framework wins and order book provide clear visibility and security of future workloads well beyond the current financial year and we welcome the Government’s commitment to grow the economy by major investment in infrastructure and development.

"Our performance and future outlook give us confidence to improve our expectations for the full year to 30 June 2025 and we are committed to delivering long-term sustainable value for our stakeholders."