Shares of Galliford Try Holdings Plc (GFRD.L) are up 3 percent on Wednesday's trading after the company announced that it expects to report full year 2025 revenue and adjusted pre-tax profit slightly above the upper end of current market forecasts.
On the LSE, the stock is trading up 3 percent at 430.00 pence.
The British construction company said that based on the forecasts at July 1, analysts are predicting a revenue range between 1.86 billion pounds and 1.89 billion pounds and adjusted profit before tax between 40.1 million pounds and 41.6 million pounds. Galliford Try Holdings noted that the strong half-year results, mainly in the AMP7 run-off in water and solid highways delivery, continued in the second half of the year as well.
The company said that the strong trading is a step forward in the direction of its 2030 sustainable margin target of 4 percent and earlier communicated margin target of 3 percent in 2026.
In the second half of the year, the company successfully completed its second share buyback programme, which was announced on October 3, 2024. A total of 2.69 million ordinary shares were purchased and cancelled at an average price of approximately 3.72 pound per share, amounting to a total investment of 10 million pounds.
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