Galliford Try

GFRD · Main Market · Construction and Materials · mcap £675m · 677.0p

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Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value

Source: results 17 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £682.7m
Owner’s net cash: £259.0m
Net cash / market cap: 38%
EV ex leases: £423.7m
Revenue: £1,931m
Operating profit: £48.6m
Free cash flow after leases: £57.5m
EV / EBIT: 8.7×
FCF yield: 8.4%
Price / tangible book: 22.76×
ROCE: 30%
Net income (owners): £41.2m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: FY Jun 26 (twelve months to 30 Jun 26), published 17 Sep 26 · read the results ↗

Source ↗

	2026 £m	2025 £m
Revenue	1,931.1	1,875.2
Cost of sales	(1,756.9)	(1,723.7)
Gross profit	174.2	151.5
Administrative expenses	(125.6)	(111.8)
Operating profit	48.6	39.7
Finance income	9.9	8.9
Finance costs	(3.5)	(4.5)
Profit before income tax	55.0	44.1
Income tax expense	(13.8)	(10.5)
Profit for the year	41.2	33.6
Earnings per share
Basic
Profit attributable to ordinary shareholders	41.7p	33.7p
Diluted
Profit attributable to ordinary shareholders	39.9p	32.2p

Source ↗

	2026 £m	2025 £m
Assets
Non-current assets
Intangible assets	3.5	3.4
Goodwill	101.7	93.6
Property, plant and equipment	6.4	6.0
Right-of-use assets	45.3	51.1
PPP and other investments	37.2	38.6
Deferred income tax assets	4.8	11.0
Total non-current assets	198.9	203.7
Current assets
Trade and other receivables	398.7	388.6
Current income tax assets	-	3.7
Cash and cash equivalents	259.0	237.6
Total current assets	657.7	629.9
Total assets	856.6	833.6
Liabilities
Current liabilities
Trade and other payables	(609.6)	(609.1)
Lease liabilities	(22.5)	(22.7)
Current income tax liabilities	(0.1)	-
Provisions for other liabilities and charges	(63.9)	(48.6)
Total current liabilities	(696.1)	(680.4)
Non-current liabilities
Lease liabilities	(25.3)	(31.1)
Total non-current liabilities	(25.3)	(31.1)
Total liabilities	(721.4)	(711.5)
Net assets	135.2	122.1
Equity
Share capital	50.4	51.1
Share premium	2.2	1.6
Other reserves	138.7	137.7
Retained earnings	(56.1)	(68.3)
Total equity attributable to owners of the Company	135.2	122.1

Source ↗

	2026 £m	2025 £m
Cash flows from operating activities
Profit for the year	41.2	33.6
Adjustments for
Income tax expense	13.8	10.5
Net finance income	(6.4)	(4.4)
Profit before finance costs and taxation	48.6	39.7
Depreciation, amortisation and impairment of non-current assets	25.5	24.4
Share-based payments	4.2	3.4
Net cash generated from operations before changes in working capital	78.3	67.5
Increase in trade and other receivables	(17.1)	(14.3)
Decrease in trade and other payables	(2.0)	(12.2)
Increase in provisions	15.3	12.4
Net cash generated from operations	74.5	53.4
Interest received	9.9	8.9
Interest paid	(3.5)	(4.5)
Income tax received	1.1	7.9
Net cash generated from operating activities	82.0	65.7
Cash flows from investing activities
Decrease/(increase) in amounts due from joint ventures	4.7	(6.1)
PPP loan repayments	1.0	1.3
Acquisition of business combinations, net of cash acquired	(8.1)	-
Proceeds from disposal of subsidiary undertakings	-	1.9
Acquisition of property, plant and equipment	(1.2)	(2.4)
Net cash used in investing activities	(3.6)	(5.3)
Cash flows from financing activities
Repayment of lease liabilities	(23.3)	(21.2)
Purchase of own shares	(14.3)	(12.3)
Dividends paid to Company shareholders	(20.3)	(17.5)
Net proceeds from issue of ordinary share capital	0.9	1.2
Net cash used in financing activities	(57.0)	(49.8)
Net increase in cash and cash equivalents	21.4	10.6
Cash and cash equivalents at 1 July	237.6	227.0
Cash and cash equivalents at 30 June	259.0	237.6

Source ↗

	2025 £m	2024 £m
Revenue	934.9	923.2
Cost of sales	(854.4)	(852.1)
Gross profit	80.5	71.1
Administrative expenses	(59.3)	(53.9)
Operating profit	21.2	17.2
Finance income	4.9	4.9
Finance costs	(1.8)	(2.1)
Profit before income tax	24.3	20.0
Income tax expense	(6.1)	(4.6)
Profit for the period	18.2	15.4
Earnings per share
Basic	18.3	15.3p
Diluted	17.6	14.7p

Source ↗

	31 December 2025 £m	30 June 2025 (audited) £m
Assets
Non-current assets
Intangible assets	3.0	3.4
Goodwill	93.6	93.6
Property, plant and equipment	5.7	6.0
Right of use assets	48.9	51.1
PPP and other investments	38.5	38.6
Deferred income tax assets	7.7	11.0
Total non-current assets	197.4	203.7
Current assets
Trade and other receivables	367.1	388.6
Current income tax assets	2.3	3.7
Cash and cash equivalents	211.7	237.6
Total current assets	581.1	629.9
Total assets	778.5	833.6
Liabilities
Current liabilities
Trade and other payables	(555.7)	(609.1)
Lease liabilities	(22.5)	(22.7)
Provisions for other liabilities and charges	(52.5)	(48.6)
Total current liabilities	(630.7)	(680.4)
Non-current liabilities
Lease liabilities	(29.1)	(31.1)
Total non-current liabilities	(29.1)	(31.1)
Total liabilities	(659.8)	(711.5)
Net assets	118.7	122.1
Equity
Ordinary share capital	50.5	51.1
Share premium	1.7	1.6
Other reserves	138.4	137.7
Retained earnings	(71.9)	(68.3)
Total shareholders' equity	118.7	122.1

Source ↗

	2025 £m	2024 (restated - note 19) £m
Cash flows from operating activities
Profit for the period	18.2	15.4
Adjustments for
Income tax expense	6.1	4.6
Net finance income	(3.1)	(2.8)
Profit before finance costs and taxation	21.2	17.2
Depreciation and amortisation	12.8	11.5
Share-based payments	1.6	1.1
Net cash generated from operations before changes in working capital	35.6	29.8
Decrease in trade and other receivables	17.3	54.1
Decrease in trade and other payables	(53.4)	(87.5)
Increase in provisions	3.9	2.1
Net cash generated from/(used in) from operations	3.4	(1.5)
Interest received	4.9	4.9
Interest paid	(1.8)	(2.1)
Corporation tax received	1.3	9.4
Net cash generated from operating activities	7.8	10.7
Cash flows from investing activities
Decrease/(increase) in amounts due from joint ventures	2.3	(2.1)
PPP loan repayments	0.6	0.7
Proceeds from disposal of subsidiary	-	1.9
Acquisition of property, plant and equipment	(0.3)	(0.5)
Net cash generated from investing activities	2.6	-
Cash flows from financing activities
Repayment of lease liabilities	(11.6)	(10.1)
Purchase of own shares	(11.1)	(6.0)
Dividends paid to Company shareholders	(13.8)	(11.9)
Net proceeds of issue of ordinary share capital	0.2	0.3
Net cash used in financing activities	(36.3)	(27.7)
Net decrease in cash and cash equivalents	(25.9)	(17.0)
Cash and cash equivalents at beginning of period	237.6	227.0
Cash and cash equivalents at end of period	211.7	210.0

	FY Jun 26	FY Jun 25
Revenue to operating profit
Revenue	1,931.1	1,875.2
Gross profit	174.2	151.5
Adjusted operating profit	49.5	40.6
Operating profit	48.6	39.7
Share-based payments	4.2	3.4
Operating profit to net income
Finance costs	(3.5)	(4.5)
Profit before tax	55.0	44.1
Tax	(13.8)	(10.5)
Net income (owners)	41.2	33.6
Per share
EPS basic	41.7p	33.7p
EPS diluted	39.9p	32.2p
Dividend per share	23.5p	19.0p

	H2 Jun 26	H1 Dec 25	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Revenue	996.2	934.9	952.0	923.2
Gross profit	93.7	80.5	80.4	71.1
Adjusted operating profit	27.9	21.6	22.9	17.7
Operating profit	27.4	21.2	22.5	17.2
Share-based payments	2.6	1.6	2.3	1.1
Operating profit to net income
Finance costs	(1.7)	(1.8)	(2.4)	(2.1)
Profit before tax	30.7	24.3	24.1	20.0
Tax	(7.7)	(6.1)	(5.9)	(4.6)
Net income (owners)	23.0	18.2	18.2	15.4
Per share
EPS basic	23.4p	18.3p	18.4p	15.3p
EPS diluted	22.3p	17.6p	17.5p	14.7p
Dividend per share	17.0p	6.5p	13.5p	5.5p

	FY Jun 26	FY Jun 25
Operating activities
Cash from operations	82.0	65.7
Interest paid	(3.5)	(4.5)
Investing activities
Capex (PP&E)	(1.2)	(2.4)
Financing activities
Lease principal paid	(23.3)	(21.2)
Dividends paid	(20.3)	(17.5)
Share buybacks	(14.3)	(12.3)
Shares issued	0.9	1.2

	H2 Jun 26	H1 Dec 25	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	74.2	7.8	55.0	10.7
Interest paid	(1.7)	(1.8)	(2.4)	(2.1)
Investing activities
Capex (PP&E)	(0.9)	(0.3)	(1.9)	(0.5)
Financing activities
Lease principal paid	(11.7)	(11.6)	(11.1)	(10.1)
Dividends paid	(6.5)	(13.8)	(5.6)	(11.9)
Share buybacks	(3.2)	(11.1)	(6.3)	(6.0)
Shares issued	0.7	0.2	0.9	0.3

	30 Jun 26	30 Jun 25
Non-current assets
Goodwill	101.7	93.6
Other intangibles	3.5	3.4
Property, plant & equipment	6.4	6.0
Other investments	37.2	38.6
Non-current assets	198.9	203.7
Current assets
Trade receivables	398.7	388.6
Cash	259.0	237.6
Current assets	657.7	629.9
Total assets	856.6	833.6
Current liabilities
Trade payables	609.6	609.1
Lease liabilities, current	22.5	22.7
Current liabilities	696.1	680.4
Non-current liabilities
Lease liabilities, non-current	25.3	31.1
Non-current liabilities	25.3	31.1
Total liabilities	721.4	711.5
Equity
Total equity	135.2	122.1
Net cash and other figures
Net cash / (debt) ex leases	259.0	237.6
Order book	4,300.0	4,100.0

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Goodwill	101.7	93.6	93.6	–
Other intangibles	3.5	3.0	3.4	–
Property, plant & equipment	6.4	5.7	6.0	–
Other investments	37.2	38.5	38.6	–
Non-current assets	198.9	197.4	203.7	–
Current assets
Trade receivables	398.7	367.1	388.6	–
Cash	259.0	211.7	237.6	–
Current assets	657.7	581.1	629.9	–
Total assets	856.6	778.5	833.6	–
Current liabilities
Trade payables	609.6	555.7	609.1	–
Lease liabilities, current	22.5	22.5	22.7	–
Current liabilities	696.1	630.7	680.4	–
Non-current liabilities
Lease liabilities, non-current	25.3	29.1	31.1	–
Non-current liabilities	25.3	29.1	31.1	–
Total liabilities	721.4	659.8	711.5	–
Equity
Total equity	135.2	118.7	122.1	–
Net cash and other figures
Net cash / (debt) ex leases	259.0	211.7	237.6	210.0
Undrawn facilities	–	25.0	–	–
Order book	4,300.0	4,100.0	4,100.0	3,900.0

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Company filings. Not investment advice.