Turnover across the business was up to £1,931m from £1,875m as pre-tax profits jumped 25% to £55m.
A boom in the roads market saw three major highways schemes delivered, which offset a flatter period in water spending due to the AMP7/AMP8 transition.
The infrastructure division saw turnover up to £972m from £903m making it now bigger than the building operation where revenue dipped slightly to £951m from £965m as public sector funded projects were delayed.
The stronger performance saw group operating margin edge up from 3% to 3.5% and net cash rise 9% to £259m.
Bill Hocking, chief executive, 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.
“We are making good progress towards our Sustainable Growth targets for 2030 underpinned by disciplined capital allocation and a clear focus on earnings-accretive growth.
“Our reputation for disciplined risk management, careful project selection and quality delivery continues to underpin our success. Investment in the UK’s critical social and economic infrastructure remains significant.
“Water, transport, affordable housing, custodial infrastructure and defence are all major national priorities, and as a UK-focused contractor with strong positions across these markets, Galliford Try is well placed to support that investment and help address some of the country’s most pressing infrastructure needs.
“As we look forward, the strength of our markets, our resilient balance sheet, and our disciplined business model give us confidence in the outlook.”
The group is expected to pass the £2bn turnover milestone next year based on 90% of revenue in hand, with strong visibility for 2028 and 2029 at around two-thirds and half of targeted work secured, respectively.
