Galliford Try Shares Rise on 24% Profit Growth and £15M Buyback Plan

Shares in Galliford Try (LON:GFRD) climbed 4.7% on Thursday after the British construction company reported a significant increase in annual profit and announced a new share buyback program, signaling confidence in its financial health and future prospects.

Profitability Jumps on Higher Activity

The company disclosed a 24.2% rise in annual adjusted profit before tax, which reached £55.9 million ($74.87 million). According to its report, the strong performance was driven by a combination of increased project activity and disciplined cost management across its operations.

Shareholder Returns and Robust Outlook

Ad

In a move to enhance shareholder value, Galliford Try unveiled a new share repurchase programme of up to £15 million. Such programs are often interpreted by investors as a sign that management believes the company's shares are undervalued and represent an efficient way to return capital to shareholders.

Looking ahead, the firm stated that it expects continued growth in fiscal year 2027. This positive outlook is supported by a substantial order book valued at £4.3 billion, which provides strong visibility for future revenue.