Margin continues to improve substantially, rising to 3.5%, an increase of 53bps over the year, marking good progress towards the group’s 4.0% target for 2030.

This improvement is reflected in a further strong increase in profitability, with adjusted profit before tax reaching £55.9 million, an increase of 24.2%. The outlook for the business remains strong with average month-end cash at £216.2m, and its high-quality order book now standing at a record £4.3 billion, providing good visibility of future revenue with 90% of the current financial year and 62% of FY28 projected revenue secured.

Given the strong performance, the group continues to return value to its shareholders, increasing its full year dividend to 23.5p, a 23.7% increase, and launching a new £15m share buyback.

Bill Hocking, chief executive of Galliford Try, said: “Galliford Try has achieved a sixth consecutive year of growth, with a 3% increase in revenue and more than 20% growth in adjusted profit and earnings per share.

“Strong cash generation has enabled us to continue investing in the business, to return capital to shareholders and to strengthen our position for future value creation. The strength of our markets, our resilient balance sheet, and our proven business model give us confidence in the outlook for the group.

“I thank our people who have delivered an excellent year once again, driven by quality delivery and continued disciplined commercial and operational management.”