UK construction group Galliford Try has posted a profit before tax of £45m ($60.73m) for the financial year to 30 June 2025 (FY25), its highest since it became a standalone construction business in 2020.

The adjusted operating margin for the division reached 3.0%, up by 42 basis points, meeting its previously stated margin target one year ahead of schedule.

Revenue rose by 6% to £1.9bn, driven by expansion in both core operations and higher-margin specialist services.

Average month-end cash increased to £179m from £155m in the previous financial year.

The FY25 order book stands at a record £4.1bn, with most work secured for the next two years - 92% for FY26 and 75% for FY27.

The company cited continued public spending commitments from the government, highlighted in the June Spending Review.

Galliford Try completed a £10m share buyback programme started in October 2024 and has announced a new £10m buyback initiative.

Galliford Try chief executive Bill Hocking said: “Our dedication to careful risk management, group balance sheet strength, professional and committed teams and collaborative quality-focused relationships with clients and suppliers have all contributed to this fifth year of sequential growth.

“As a UK-only contractor with a track record of delivery in water, highways, defence, custodial, education and affordable homes, we are uniquely positioned to support the UK’s key areas of future spend and investment.

“The group’s major framework successes and growing high-quality sector-focused order book provide clear visibility and security of future workloads well beyond the current financial year. We are confident in the outlook for group, our strategy to 2030 and commitment to continue to deliver long-term sustainable value for all our stakeholders.”