Galliford Try Holdings PLC (LSE:GFRD) has reiterated its confidence in meeting its full-year objectives, telling investors at its annual meeting on Thursday that trading remains in line with expectations and momentum has carried into the new financial year.
The board said its outlook is underpinned by a firm pipeline of committed work.
About 92% of projected revenue for the current year is already secured, while 75% of revenue expected for the 2027 financial year is also in place, giving the construction group unusually strong forward visibility.
The update follows September’s full-year results, which marked a fifth consecutive year of operational and financial progress, including growth in revenue, profit, operating margin and cash.
Management said that the positive pattern has continued, supported by a smooth transition from the current water regulatory cycle, AMP7, to the next cycle, AMP8.
These long-term investment phases shape spending plans for water companies and provide contractors with predictable workloads.
Galliford Try highlighted its position in the water sector as a key advantage, as government infrastructure spending remains focused on resilience and public assets.
It also noted new opportunities in housing after its building arm was appointed in October to a £3 billion affordable homes framework.
The company is meanwhile executing a £10 million share buyback programme, with £1.5 million spent so far.