{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "gfrd": "http://www.gallifordtry.co.uk/20260630", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://www.gallifordtry.co.uk/xbrl/2026/213800MR6DRHCJIV8113-2026-06-30.xsd" ] }, "facts": { "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00259": { "value": "The Group operates as Galliford Try and Morrison Construction and carries out building and infrastructure projects with clients in the public, private and regulated sectors across the UK. ", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00255": { "value": "UK", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "ConsolidatedIncomeStatement_Label_002": { "value": "1931100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_Label_001": { "value": "1875200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_003": { "value": "1756900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_004": { "value": "1723700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_005": { "value": "174200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_006": { "value": "151500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_007": { "value": "125600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_008": { "value": "111800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_0010": { "value": "48600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_009": { "value": "39700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_Label_0012": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_Label_0011": { "value": "8900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_0014": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_0013": { "value": "4500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_0015": { "value": "55000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_0016": { "value": "44100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_0017": { "value": "13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_NegatedLabel_0018": { "value": "10500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_0020": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_TotalLabel_0019": { "value": "33600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedIncomeStatement_Label_0021": { "value": "0.417", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ConsolidatedIncomeStatement_Label_0022": { "value": "0.337", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ConsolidatedIncomeStatement_Label_0023": { "value": "0.399", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ConsolidatedIncomeStatement_Label_0024": { "value": "0.322", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ConsolidatedStatementOfComprehensiveIncome_Label_0026": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_Label_0025": { "value": "33600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_Label_0027": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_Label_0028": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0029": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0030": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0031": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0032": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0033": { "value": "40800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementOfComprehensiveIncome_TotalLabel_0034": { "value": "31700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0035": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0036": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0037": { "value": "101700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0038": { "value": "93600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0040": { "value": "6400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0039": { "value": "6000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0042": { "value": "45300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0041": { "value": "51100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0044": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InvestmentsInSubsidiaries", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0043": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:InvestmentsInSubsidiaries", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0045": { "value": "37200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0046": { "value": "38600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0047": { "value": "4800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0048": { "value": "11000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0049": { "value": "198900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0050": { "value": "203700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0052": { "value": "398700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0051": { "value": "388600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0054": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0053": { "value": "3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0056": { "value": "259000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0055": { "value": "237600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0057": { "value": "657700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0058": { "value": "629900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0059": { "value": "856600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0060": { "value": "833600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0061": { "value": "609600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0062": { "value": "609100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0063": { "value": "22500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0064": { "value": "22700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0066": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0065": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0067": { "value": "63900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0068": { "value": "48600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_00382": { "value": "696100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_00383": { "value": "680400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0069": { "value": "25300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedLabel_0070": { "value": "31100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_0071": { "value": "25300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_0072": { "value": "31100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_0073": { "value": "721400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_NegatedTotalLabel_0074": { "value": "711500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0075": { "value": "135200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0076": { "value": "122100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0077": { "value": "50400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0078": { "value": "51100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0079": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0080": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0081": { "value": "138700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0082": { "value": "137700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0083": { "value": "-56100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_Label_0084": { "value": "-68300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0085": { "value": "135200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "BalanceSheets_TotalLabel_0086": { "value": "122100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00265": { "value": "The \ufb01nancial statements on pages 141 to 179 were approved and authorised for issue by the Board on 17 September 2026 and signed on its behalf by:
Bill Hocking
Kris Hampson
Galliford Try Holdings plc
\n
Chief Executive
Chief Financial Of\ufb01cer ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodStartLabel_0090": { "value": "52000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodStartLabel_0087": { "value": "800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodStartLabel_0089": { "value": "136400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodStartLabel_0091": { "value": "-75600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodStartLabel_0088": { "value": "113600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00100": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00101": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0094": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0099": { "value": "33600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0096": { "value": "33600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00102": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00110": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00105": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00109": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00108": { "value": "-1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00121": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00120": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00114": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00116": { "value": "31700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00117": { "value": "31700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00124": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00127": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00128": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00125": { "value": "17500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00122": { "value": "17500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00133": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00135": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00140": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00138": { "value": "12300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00136": { "value": "12300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00148": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00145": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00150": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00143": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00144": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00160": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00154": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00155": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00156": { "value": "-2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00157": { "value": "-2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00170": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00165": { "value": "800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00164": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00171": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00168": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00176": { "value": "-1300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00177": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00178": { "value": "1300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00172": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00180": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00185": { "value": "51100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00182": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00188": { "value": "137700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00190": { "value": "-68300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00189": { "value": "122100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0097": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0092": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0095": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0098": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_0093": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00103": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00111": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00104": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00107": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00106": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00115": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00112": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00118": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00119": { "value": "40800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_TotalLabel_00113": { "value": "40800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00126": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00131": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00130": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00123": { "value": "20300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00129": { "value": "20300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00141": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00132": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00134": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00139": { "value": "14300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00137": { "value": "14300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00149": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00142": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00151": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00146": { "value": "4200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00147": { "value": "4200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00161": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00159": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00158": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00153": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_NegatedLabel_00152": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00169": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00167": { "value": "600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00162": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00163": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00166": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00175": { "value": "-1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00174": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00181": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00173": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_Label_00179": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CancellationOfTreasuryShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00186": { "value": "50400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00187": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00191": { "value": "138700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00183": { "value": "-56100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "ConsolidatedStatementsOfChangesInEquity_PeriodEndLabel_00184": { "value": "135200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00192": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00193": { "value": "33600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00194": { "value": "-13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00195": { "value": "-10500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00197": { "value": "-6400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00196": { "value": "-4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceIncomeCost", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00198": { "value": "48600000.0", "decimals": -5, "dimensions": { "concept": "gfrd:ProfitBeforeFinanceCostsAndTaxation", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00199": { "value": "39700000.0", "decimals": -5, "dimensions": { "concept": "gfrd:ProfitBeforeFinanceCostsAndTaxation", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00201": { "value": "25500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00200": { "value": "24400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00202": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00203": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00204": { "value": "4200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00205": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00207": { "value": "78300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00206": { "value": "67500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00209": { "value": "-17100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00208": { "value": "-14300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00210": { "value": "-2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00211": { "value": "-12200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00212": { "value": "15300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00213": { "value": "12400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00215": { "value": "74500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00214": { "value": "53400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00216": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00217": { "value": "8900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00218": { "value": "3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00219": { "value": "4500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00220": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00221": { "value": "-7900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00223": { "value": "82000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00222": { "value": "65700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00224": { "value": "4700000.0", "decimals": -5, "dimensions": { "concept": "gfrd:DecreaseIncreaseInAmountsDueFromJointVenturesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00225": { "value": "-6100000.0", "decimals": -5, "dimensions": { "concept": "gfrd:DecreaseIncreaseInAmountsDueFromJointVenturesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00227": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00226": { "value": "1300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00229": { "value": "8100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00228": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00230": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00231": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00232": { "value": "0.0", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00233": { "value": "1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00235": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00234": { "value": "2400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00236": { "value": "-3600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00237": { "value": "-5300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00238": { "value": "23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00239": { "value": "21200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00241": { "value": "14300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00240": { "value": "12300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00242": { "value": "20300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_NegatedLabel_00243": { "value": "17500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00244": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_Label_00245": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00246": { "value": "-57000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00247": { "value": "-49800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00248": { "value": "21400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_TotalLabel_00249": { "value": "10600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_PeriodStartLabel_00251": { "value": "237600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_PeriodStartLabel_00250": { "value": "227000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_PeriodEndLabel_00252": { "value": "259000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "StatementsOfCashFlows_PeriodEndLabel_00253": { "value": "237600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00266": { "value": "1 Accounting policies
General information
Galliford Try Holdings plc (the Company) is a public limited company
incorporated, listed and domiciled in the UK, and registered under the
laws of England and Wales. The address of the registered of\ufb01ce is
3 Frayswater Place, Cowley, Uxbridge, UB8 2AD. The Company has
its listing on the London Stock Exchange.
The \ufb01nancial statements are presented in pounds sterling because
that is the currency of the primary economic environment in which the
Group operates. The amounts stated are denominated in millions (\u00a3m).
Going concern
The consolidated and Company \ufb01nancial statements have been
prepared on a going concern basis. The Group\u2019s business activities,
together with the factors likely to affect its future development,
performance and position are set out in the Viability Statement
(on page 85) and the Strategic Report.
As at 30 June 2026, the Group had substantial cash balances, no drawn
loan facilities, no de\ufb01ned bene\ufb01t pension liabilities and a strong forward
secured order book. The directors regularly review the working capital
requirements of the Group while considering downside sensitivities.
The Group\u2019s forecasts have been prepared in the context of the current
economic conditions and additionally, the directors have considered
a range of downside sensitivities (as discussed in detail in the Viability
Statement on page 85). Even in the severe but plausible downside
scenario, the Group is forecast to continue to meet its obligations and
remain cash positive for a period of at least 12 months from the date
the \ufb01nancial statements are authorised for issue.
After making enquiries and considering the factors and sensitivities
outlined above for a range of scenarios, the directors have a reasonable
expectation that the Group has adequate resources to continue in
operational existence for the foreseeable future being a period of at
least 12 months from the date the \ufb01nancial statements are authorised
for issue. Thus, they continue to adopt the going concern basis of
accounting in preparing the annual \ufb01nancial statements.
Basis of accounting
For the year to 30 June 2026, the Group consolidated \ufb01nancial
statements and the Company \ufb01nancial statements have been prepared
in accordance with UK-adopted International Accounting Standards and
with the requirements of the Companies Act 2006, under the historical
cost convention, as modi\ufb01ed by the revaluation of PPP and other
investments at fair value through other comprehensive income.
The following amendment was effective for the \ufb01rst time for the year
ended 30 June 2026 but did not have a material effect on the Group:
Amendments to IAS 21 to clarify the accounting when there is a lack
of exchangeability
The following are new standards, interpretations and amendments,
that are not yet effective or have not been endorsed. The Group has
chosen not to adopt these early.
IFRS 18 Presentation and Disclosure in Financial Statements
Amendment to IFRS 9 and IFRS 7 \u2013 Classi\ufb01cation and Measurement
of Financial Instruments
Annual improvements to IFRS \u2013 Volume 11
IFRS 18, which replaces IAS 1 Presentation of Financial Statements,
primarily introduces new requirements for the presentation of the
income statement and the classi\ufb01cation of income and expenses.
The Group is in the process of determining the impact of applying
IFRS 18 which is not expected to be material. IFRS 18 is effective for
accounting periods beginning on or after 1 January 2027 and the
Group will report its \ufb01rst annual \ufb01nancial statements in accordance
with IFRS 18 for the year ended 30 June 2028.
Besides the presentational changes arising from the adoption of
IFRS 18, no other new accounting standard or amendment is expected
to have a material impact on the Group.
Basis of preparation
The Group \ufb01nancial statements incorporate the results of Galliford Try
Holdings plc, its subsidiary undertakings and the Group\u2019s share of the
results of joint arrangements. Subsidiaries are all entities over which
the Group has control. The exposure or right to variable returns from its
involvement with an investee, and the ability to in\ufb02uence those returns,
are considered when assessing whether the Group controls another
entity. Subsidiaries are fully consolidated from the date on which control
is transferred to the Group, until the date that control ceases.
The acquisition method of accounting is used to account for the
acquisition of a business by the Group. The cost of an acquisition is
measured at the fair value of the assets transferred, equity instruments
issued and liabilities incurred or assumed at the date of exchange.
Costs directly attributable to the acquisition are expensed to the
income statement. The identi\ufb01able assets acquired and liabilities
and contingent liabilities assumed in the business combination are
measured initially at their fair values at the acquisition date, irrespective
of any non-controlling interest. The excess of cost of acquisition over
the fair value of the Group\u2019s share of the identi\ufb01able net assets acquired
is recorded as goodwill. If the fair value of the Group\u2019s share of the
identi\ufb01able net assets is in excess of the cost of the acquisition,
the gain on bargain purchase is recognised as a credit through the
income statement.
Inter-company transactions, balances and unrealised gains on
transactions between Group companies are eliminated. Unrealised
losses are also eliminated but considered an impairment indicator of
the asset transferred. Accounting policies of acquired subsidiaries are
changed where necessary, to ensure consistency with policies adopted
by the Group.
In addition to total performance measures, the Group discloses
additional information including adjusted performance and adjusted
earnings per share. The Group believes that this additional information
provides useful information on underlying trends. This additional
information is not de\ufb01ned under international accounting standards and
may therefore not be comparable with similarly titled pro\ufb01t measures
reported by other companies. It is not intended to be a substitute for,
or superior to, international accounting standards measures of pro\ufb01t.
The Company has elected to take the exemption under section 408 of
the Companies Act 2006 to not present the Parent Company income
statement and statement of comprehensive income.
Impact of climate change on the \ufb01nancial statements
As reported in the TCFD disclosures starting on page 72, and the
principal risks starting on page 67, the directors, in preparing the
\ufb01nancial statements, have considered the risks and potential impact
of climate change to the Group. It is unlikely that these risks will have
a material \ufb01nancial impact in the short (between one and two years)
and medium (between three and 10 years) term, particularly given the
nature of the contractual arrangements in place.
There has been no material impact identi\ufb01ed on the \ufb01nancial reporting
judgements and estimates. The Directors considered the impact of
climate change in respect of the following principal areas:
contract judgements made on the Group\u2019s construction contracts;
going concern and viability of the Group over the next three years;
cash \ufb02ow forecasts used in the impairment assessments of
non-current assets including the intangible assets and goodwill; and
carrying value and useful economic lives of property, plant
and equipment.
As current legislation stands, there is no material impact expected
from climate change. The Directors are however aware of the
ever-changing risks attached to climate change and will continue to
monitor this, particularly regarding any judgements on construction
contracts, impairment reviews and going concern in preparation of
the Group\u2019s \ufb01nancial statements.
Critical accounting estimates and judgements
The preparation of the consolidated \ufb01nancial statements requires
management to make judgements, estimates and assumptions that
affect the application of policies and reported amounts of assets,
liabilities, income and expenses. Critical judgements are those
management has made when applying its material accounting policies,
whereas critical estimates are assumptions and estimates made at
the end of the reporting period that have a signi\ufb01cant risk of resulting
in a material adjustment to the carrying amounts of assets and liabilities
within the next \ufb01nancial year.
The estimates, judgements and associated assumptions are based on
historical experience and various other factors that are believed to be
reasonable under the circumstances, the results of which form the basis
of making estimates and judgements about the carrying value of assets
and liabilities which are not readily apparent from other sources. Actual
results may differ from these estimates and judgements. The estimates,
judgements and underlying assumptions are reviewed on an ongoing
basis. Revisions to accounting estimates and judgements are recognised
in the period in which the estimate or judgement is revised if the revision
affects only that period, or in the period of revision and future periods if
the revision affects both current and future periods.
Material estimates and judgements are made in particular with regards
to establishing the following policies:
(i) Revenue and pro\ufb01t recognition for long-term contract accounting
(judgement and estimate)
In order to determine the pro\ufb01t and loss that the Group is able to
recognise on its construction contracts in a speci\ufb01c period, the Group
has to estimate the outcome of both the total costs to complete the
contract and the \ufb01nal contract value. The Group has to allocate total
costs of the construction contracts between the amount incurred on
the contract to the end of the reporting period and the proportion to
complete in a future period. The assessment of the total costs to be
incurred and \ufb01nal contract value requires a degree of estimation.
Contract modi\ufb01cations are recognised when the Group considers they
have been approved (which also includes consideration of whether
enforceable rights exist in the contract). The estimation of \ufb01nal contract
value includes the assessment of the recovery of variations, claims and
compensation events (contract modi\ufb01cations). The estimate made is
constrained in accordance with IFRS 15 so that it is highly probable not
to result in a signi\ufb01cant reversal of revenue in the future. Where the
change in scope results in an increase to the work to be performed
that is distinct and re\ufb02ects the stand-alone selling price of the distinct
good/service, it is treated as a separate contract. This is assessed on
a contract speci\ufb01c basis.
The Group recognises recoveries of claims from clients as revenue
where clear entitlement has been established which can require
judgement, such as through dispute-resolution processes. This includes
the recovery of costs (such as delays to the contract programme)
to the extent it is highly probable not to result in a signi\ufb01cant reversal
of revenue in the future.
The estimation of costs to complete is based on all available relevant
information such as procured packages and management experience
and includes estimation of \ufb01nal accounts and any potential maintenance
and defect liabilities. Recoveries resulting from actual or potential claims
against subcontractors are accounted for in accordance with IAS 37 and
are recognised only when they meet the virtually certain threshold.
Group management has established internal controls to review and
ensure the appropriateness of estimates made on an individual contract
basis, including any necessary contract provisions. As with most large,
complex construction projects, there is an element of estimation
uncertainty over costs to complete and \ufb01nal account settlements.
This is, however, reduced by the experience of the management team
and the controls that we have in place. The settlement of these \ufb01nal
accounts may give rise to an over or under-recognition of pro\ufb01t or loss
and associated cash \ufb02ows, which could be material.
As at 30 June 2026, the Group\u2019s contract assets, contract liabilities
and contract provisions amounted to \u00a3283.6m, \u00a3140.7m, and
\u00a363.9m (2025: \u00a3295.9m, \u00a3124.7m and \u00a348.6m) respectively as set
out in notes 16, 18 and 19. The Group has considered the nature of
the estimates involved in deriving these balances and concluded that
it is possible, on the basis of existing knowledge, that outcomes within
the next \ufb01nancial year may be different from the Group\u2019s assumptions
applied as at 30 June 2026 and could require a material adjustment to
the carrying amounts of these assets and liabilities in the next \ufb01nancial
year. However, due to the level of uncertainty, combination of cost
and income variables and timing across the Group\u2019s large portfolio of
contracts at different stages of their contract life, it is impracticable to
provide a quantitative analysis of the aggregated judgements that are
applied at a portfolio level.
The Group\u2019s \ufb01ve largest unagreed variations and claims positions at the
year-end are summarised in aggregate below.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Overall contract value (including total
\u00a0 \u00a0
estimated end of contract variations
\u00a0 \u00a0
and claims)
331.1
506.0
Revenue in the year
91.2
170.9
Total estimated end of contract
\u00a0 \u00a0
variations and claims
62.8
90.2
\n
These items include estimation uncertainty, with a range of reasonably
possible outcomes of \u00a362.8m to \u00a374.8m (2025: \u00a390.2m to \u00a3121.3m).
These \ufb01ve positions represent the most signi\ufb01cant estimates of revenue.
The total estimated end of contract variations and claims of
the subsequent \ufb01ve largest positions is \u00a317.0m (2025: \u00a326.9m).
In respect of contract assets of \u00a3283.6m (2025: \u00a3295.9m) and in
assessing receivable provisions calculated on an expected loss basis,
the Group has recorded a provision of \u00a3nil (2025: \u00a3nil).
It is unclear whether the outstanding uncertainties will be resolved
within the next 12 months.
(ii) Recti\ufb01cation provision \u2013 Infrastructure contract
(judgement and estimate)
The Group regularly engages in contracts with general or defect
warranty recti\ufb01cation requirements, typically less than three years.
Within the pool of open warranty period contracts, the Group built,
as part of joint operation with two other partners, a single infrastructure
scheme under a contract that included various defect warranty
obligations, with the longest obligation lasting up to 12 years.
At 30 June 2026, there remained \ufb01ve years (2025: six years) of the
longest warranty liability period remaining.
This is the only contract the Group has that has a general defect
warranty period of this length. The contractual nature of the defect
warranty liability and the completion of the scheme are the obligating
events and the Group, as part of the joint operation, has remediated
items since completion and has other known issues ongoing that will
likely result in future cash out\ufb02ows, though the timing and quantum
remain uncertain. The Group also believes that there will be further
unknown but probable cash out\ufb02ows relating to as yet unknown items
as scheduled inspections of various structural elements of the scheme
are completed that have a potentially material range of outcomes.
Management has applied judgement in assessing whether the criteria
for recognising a provision under IAS 37 has been met.
The Group has provided \u00a313.1m (2025: \u00a313.1m) against future
defect costs and this represents management\u2019s best estimate of
potential future payments associated with the warranty recti\ufb01cation
responsibilities. The provision requires a limited number of signi\ufb01cant
estimates and assumptions by management, with a signi\ufb01cant level of
estimation risk as a result arising from the level of defects and associated
cost that may arise. Management estimates the reasonable range of
estimates to be between \u00a37.6m and \u00a319.1m (2025: \u00a37.3m and \u00a319.2m)
at 30 June 2026. During the year \u00a30.1m and \u00a3nil (2025: \u00a30.1m and
\u00a31.3m) of the opening provision of \u00a313.1m (2025: \u00a314.6m) was utilised
and released respectively, with additions of \u00a30.1m (2025: \u00a3nil) made in
the year.
Management has sought input from external experienced industry
\ufb01gures and industry bodies to support the provision it has made but
the outcome will depend on actual experience and defects arising.
(iii) Exceptional items (judgement)
Exceptional items are items of \ufb01nancial performance which the
Group believes should be presented separately on the face of the
income statement, to assist in understanding the underlying \ufb01nancial
performance achieved by the Group. Determining whether an item
is exceptional requires judgement. The exceptional items meet the
Group\u2019s de\ufb01nition of exceptional, being signi\ufb01cant irregular income
and/or expense, that the Group believes assists the users of the
accounts by disclosing separately. There were no exceptional items
during the years ended 30 June 2026 and 30 June 2025.
Other accounting estimates
The Consolidated Financial Statements include other areas of
accounting estimates that do not meet the de\ufb01nition of signi\ufb01cant
accounting estimates or accounting judgements under IAS 1.
The recognition and measurement of certain material assets and
liabilities are based on assumptions and/or are subject to longer-term
uncertainties as follows:
(i) PPP and other investments measured at fair value through other
comprehensive income (estimate)
At 30 June 2026, \u00a337.2m (2025: \u00a338.6m) of PPP and other investments
were classi\ufb01ed as \ufb01nancial assets measured at fair value through other
comprehensive income. In the operational phase, the fair value of these
\ufb01nancial assets is measured at each reporting date by discounting the
future value of the cash \ufb02ows allocated to the \ufb01nancial asset. Individual
discount rates have been used which equate to an overall blended
discount rate of 8.1% (2025: 7.9%), which re\ufb02ects the rates typically
experienced in the marketplace. A 0.5% increase/reduction in the
discount rate would result in a corresponding decrease/increase in the
value of the investments recorded in the balance sheet of approximately
\u00a31.3m (2025: \u00a31.3m) (note 15).
Material accounting policies
Exceptional items
Exceptional items are signi\ufb01cant irregular items of income
and/or expense including taxation which the Group believes
should be separately disclosed in the income statement, to assist in
understanding the underlying \ufb01nancial performance achieved by the
Group, by virtue of their nature or size. Examples of items which may
give rise to disclosure as exceptional items include gains and losses
on the disposal of businesses and property, plant and equipment,
signi\ufb01cant unanticipated losses on contracts, cost of restructuring and
reorganisation of businesses, cost of ERP system implementations,
acquisition costs and asset impairments.
Segmental reporting
The Group\u2019s reporting segments are based on the types of services
provided. Operating segments with similar economic characteristics
have been aggregated into reportable segments which re\ufb02ect the
nature of the services provided by the Group. The business segmental
reporting re\ufb02ects the Group\u2019s management and internal reporting
structure. Segmental results include items directly attributable to the
segment, as well as those that can be allocated on a reasonable basis.
There has been no change to the segmentation during the year.
Revenue and pro\ufb01t
Revenue is recognised when the Group transfers control of goods
or services to customers. Revenue comprises the fair value of the
consideration received or receivable net of rebates, discounts and
value-added tax. Where consideration is subject to variability, the
Group estimates the amount receivable based on the most likely
amount. Typically, the main factor that impacts the revenue constraint
is the Group\u2019s experience with similar modi\ufb01cations and previous
negotiations/historical success with the same client. Where there is
a limited history of success, the constraint applied is typically greater.
This assessment is carried out on a contract speci\ufb01c basis. Revenue
recognised is constrained to the amount which is highly probable not to
result in a signi\ufb01cant reversal in future periods. The Group also assesses
whether the costs incurred on a project depict an appropriate measure
of progress, and constrain revenue accordingly.
Intercompany revenue is eliminated. Revenue also includes the Group\u2019s
proportion of work carried out under joint operations.
Where a modi\ufb01cation to an existing contract occurs, the Group assesses
the nature of the modi\ufb01cation and whether it represents a separate
performance obligation required to be satis\ufb01ed or whether it is a
modi\ufb01cation to the existing performance obligation.
Revenue for the Group\u2019s continuing operations is recognised as follows:
Construction services
Revenue comprises the value of construction services transferred
to a customer during the period. The results for the period include
adjustments for the outcome of contracts, including jointly controlled
operations, executed in both the current and preceding years.
Fixed price contracts \u2013 substantially all of the revenue recognised
is calculated based on total costs incurred as a proportion of total
estimated costs to complete (input method), applied to the estimated
\ufb01nal value and is recognised over time. The estimated \ufb01nal value
includes variations, compensation events and certain claims (contract
modi\ufb01cations) where it is highly probable that there will not be a
signi\ufb01cant reversal. Provision will be made against any expected loss as
soon as it is identi\ufb01ed. For certain contracts where the value delivered
to the customer can be directly observed or measured, the Group
recognises revenue over time on the output method. The value is based
on payments from customers on a contractual schedule of value that
re\ufb02ects the timing and performance of service delivery (reference to
milestone reached, units delivered or work certi\ufb01ed).
Cost-reimbursable contracts \u2013 revenue is recognised based upon
costs incurred to date plus any agreed fee and is recognised over time.
Where contracts include a target price, consideration is given to the
impact on revenue of the mechanism for distributing any savings or
additional costs compared to the target price. Any revenue over and
above the target price, which could include variations and compensation
events, is recognised once it is highly probable that there will not be
a signi\ufb01cant reversal in the future.
Facilities management \u2013 management services and facilities
management contracts typically represent a single performance
obligation. Revenue is recognised over time as control passes to the
customer and is typically measured on a straight-line basis as this
is considered to be a reliable estimate of the pattern of transfer to
the customer.
Investments \u2013 Development fees and land sales on co-development
private rental schemes represent a performance obligation that is
recognised at a point in time when control is deemed to pass to the
customer (on \ufb01nancial close).
The business additionally provides management services and project
manages developments under Management Service Agreements
(MSA) or separate development arrangements. Revenue for these
services is typically recognised over time as and when the service is
delivered to the customer.
Recoveries from claims against third parties
The recognition of expected reimbursements resulting from certain
third-party claims such as against the supply chain or through insurance
recoveries is accounted for in accordance with IAS 37 Provisions,
Contingent Liabilities and Contingent Assets. This requires recovery
to be \u2018virtually certain\u2019 before an asset can be recognised.
Government funding
Grants (including research and development expenditure credits)
are recognised when there is reasonable assurance that the Group will
comply with the conditions attaching to them and the grants will be
received. The grants are recognised in the income statement over the
periods necessary to match them with the related costs which they are
intended to compensate, on a systematic basis.
Finance income and cost
Finance income and cost is recognised on a time proportion basis,
using the effective interest method. Finance cost also includes the
unwinding of lease liabilities.
Income tax
Current income tax is based on the taxable pro\ufb01t for the year.
Taxable pro\ufb01t differs from pro\ufb01t before taxation recorded in the
income statement because it excludes items of income or expense that
are taxable or deductible in other years or that are never taxable or
deductible. The liability for current tax is calculated using rates that have
been enacted, or substantively enacted, by the balance sheet date.
Deferred income tax is provided using the balance sheet liability
method, providing for all temporary differences between the carrying
amount of assets and liabilities for \ufb01nancial reporting purposes and
the amounts used for taxation purposes, with the exception of the
initial recognition of goodwill arising on an acquisition. Deferred tax is
measured at the tax rates that are expected to apply in the periods in
which the timing differences are expected to reverse, based on rates and
laws that have been enacted or substantively enacted by the balance
sheet date.
A deferred tax asset is only recognised when it is more likely than
not that the asset will be recoverable in the foreseeable future out of
taxable pro\ufb01ts from which the underlying temporary differences can
be deducted.
Deferred income tax is provided on temporary differences arising on
investments in subsidiaries and associates, except where the timing
of the reversal of the temporary difference is controlled by the Group
and it is probable that the temporary difference will not reverse in the
foreseeable future. Deferred income tax assets and liabilities are offset
when there is a legally enforceable right to offset current tax assets
against current tax liabilities and when there is an intention to settle
the balances on a net basis.
Deferred income tax is charged or credited through the income
statement, except when it relates to items charged or credited through
the statement of comprehensive income or to equity, when it is charged
or credited there.
The Group has applied the mandatory exception to recognising and
disclosing information about deferred tax assets and liabilities related
to Pillar Two income taxes.
Goodwill
Goodwill arising on consolidation represents the excess of the fair value
of the consideration given over the fair value of the net assets acquired.
It is recognised as an asset and reviewed for impairment at least annually
or when there is a triggering event, by considering the net present
value of future cash \ufb02ows. For purposes of testing for impairment,
the carrying value of goodwill is compared to its recoverable amount,
which is the higher of the value in use and the fair value less costs to sell.
Any impairment is charged immediately to the income statement.
Goodwill is allocated to Cash Generating Units (CGUs) for the purpose
of impairment testing. The allocation is made to those CGUs or groups
of CGUs that are expected to bene\ufb01t from the business combination in
which the goodwill arose.
Intangible assets
Intangible assets can include brands, customer contracts and customer
relationships acquired on acquisition of subsidiary companies, and
computer software developed by the Group. The intangible assets
are reviewed for impairment when there is a triggering event.
Intangible assets are stated at cost less accumulated amortisation
and impairment. Cost is determined at the time of acquisition as being
directly attributable costs or, where relevant, by using an appropriate
valuation methodology.
Intangible assets are amortised over the following periods:
(a) Customer contracts and relationships \u2013 on a straight-line basis over
up to 10 years.
(b) Computer software \u2013 once the software is fully operational,
amortisation is on a straight-line basis over up to 10 years.
Property, plant and equipment
All property, plant and equipment are stated at cost less accumulated
depreciation and impairment. Cost includes expenditure that is directly
attributable to the acquisition of the items. Land and buildings comprise
mainly of\ufb01ces.
Depreciation is calculated to write off the cost of each asset to its
estimated residual value over its expected useful life. Freehold land is
not depreciated. The annual rates of depreciation on cost, applied on
a straight-line basis, are as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Freehold buildings
2%
Plant and machinery
15% to 33%
Fixtures and \ufb01ttings
10% to 33%
\n
In addition to systematic depreciation, the book value of property,
plant and equipment is written down to estimated recoverable
amounts should any impairment in the respective carrying values be
identi\ufb01ed. The asset residual values, carrying values and useful lives
are reviewed on an annual basis and adjusted if appropriate at each
balance sheet date.
Repairs and maintenance expenditure is expensed as incurred, on an
accruals basis.
Joint arrangements
The Group applies IFRS 11 to all joint arrangements. Investments in joint
arrangements are classi\ufb01ed as either joint ventures or joint operations,
depending on the contractual rights and obligations of each investor.
A joint venture is an entity over which the Group has joint control
and rights to the net assets of the entity. The Group\u2019s interest in joint
ventures is accounted for using the equity method. Under this method
the Group\u2019s share of pro\ufb01ts or losses after taxation of joint ventures is
included in the consolidated income statement and its interest in their
net assets is included in investments in the consolidated balance sheet.
A joint operation is a joint arrangement that the Group undertakes
with third parties, whereby those parties have rights to the assets and
obligations of the arrangement. The Group accounts for joint operations
by recognising its share of the results and net assets under each relevant
line item in the consolidated income statement and consolidated
balance sheet respectively.
PPP and other investments
PPP and other investments are non-derivatives that are either
designated in this category or not classi\ufb01ed in any of the other
categories. They are included in non-current assets unless management
intends to dispose of the assets within 12 months of the balance sheet
date. On initial recognition, the asset is recognised at cost.
The Group applies equity accounting for its investments in PPP/PFI
entities. These investments are treated as associates as the Group has
signi\ufb01cant in\ufb02uence over them. On initial recognition, the investments
in these entities are recognised at cost, and the carrying amounts are
increased or decreased to recognise the Group\u2019s share of the pro\ufb01t or
loss of the PPP/PFI entities after the date of acquisition. The Group\u2019s
share of the investments\u2019 pro\ufb01ts or losses is recognised in the pro\ufb01t or
loss net of any impairment losses. Distributions received reduce the
carrying amount of the investments.
The debt element of the Group\u2019s PPP/PFI entities is accounted for under
IFRS 9 \u2018Financial Instruments\u2019 with fair value movements recorded in
other comprehensive income and with recycling of gains and losses
through the income statement. Tax is recognised on the movements in
other comprehensive income, where we expect the recycling to attract
a tax charge/credit to the income statement. This re\ufb02ects the fact that
the Group has a demonstrable track record of investing in PFI assets
as part of an overall construction procurement strategy, with a view
to churning these investments on a regular basis. Management has
reviewed the classi\ufb01cation of PPP investments and considers that the
business model continues to be hold to collect and sell. The investments
therefore continue to be held at fair value through other comprehensive
income. Any provision for impairment of PPP is established based on
an expected credit loss model (general approach, as detailed under
impairment of \ufb01nancial assets). The amount of any loss is recognised in
other comprehensive income.
Leases
In accordance with IFRS 16, leases are recognised as a right-of-use asset
and a corresponding liability at the date at which the leased asset is
available for use by the Group, except for short-term leases (de\ufb01ned as
leases with a lease term of 12 months or less) and leases for low-value
assets. Each lease payment is allocated between the liability and \ufb01nance
cost. The \ufb01nance cost is charged to pro\ufb01t or loss over the lease term
at a constant periodic rate of interest on the remaining balance of the
liability. The right-of-use asset is depreciated over the lease term on a
straight-line basis, unless the useful life of the asset is shorter than the
lease term.
Trade and other receivables
Trade receivables are recognised initially at fair value and subsequently
measured at amortised cost, using the effective interest method,
less provision for impairment. A provision for impairment of trade
receivables is established based on an expected credit loss model
(simpli\ufb01ed approach, as detailed under impairment of \ufb01nancial assets).
The amount of the loss is recognised in the income statement through
administrative expenses unless presented separately.
When a trade receivable is uncollectible, it is written off against the
impairment provision for trade receivables. Subsequent recoveries of
amounts previously written off are credited against costs in the income
statement. Short-term trade receivables do not carry any interest and
are stated at their amortised cost, as reduced by appropriate allowances
for estimated irrecoverable amounts.
Impairment of \ufb01nancial assets
IFRS 9 establishes a model for recognition and measurement of
impairment in \ufb01nancial assets. Loans and receivables and contract
assets apply the \u2018Expected Credit Losses\u2019 (ECL) model. All other assets
are classi\ufb01ed and measured at fair value, with movements going through
the income statement or other comprehensive income. Expected
credit losses are recognised and measured according to one of three
approaches \u2013 a general approach (12 months ECL), a simpli\ufb01ed approach
(lifetime ECL) or the \u2018credit adjusted approach\u2019. The Group has taken
the practical expedient to apply a simpli\ufb01ed \u2018provision matrix\u2019 for
calculating expected losses. The provision matrix is based on an entity\u2019s
historical default rates over the expected life of the trade receivables
and is adjusted, where relevant, for forward-looking estimates. For
large one-off balances where there is no historic experience, analysis is
completed in respect of a number of reasonably possible scenarios.
Cash and cash equivalents
Cash and cash equivalents are carried in the balance sheet at nominal
value. For the purposes of the cash \ufb02ow statement, cash and cash
equivalents comprise cash at bank and in hand, including bank deposits
with original maturities of three months or less. Bank overdrafts met
the requirement for offsetting in the balance sheet and have been offset
with cash and cash equivalents.
Trade and other payables
Trade payables and other payables are recognised initially at fair value
and subsequently measured at amortised cost, using the effective
interest method.
Provisions for liabilities and charges
Provisions for liabilities and charges are recognised when, as a result
of past events, the Group has a present legal or constructive obligation,
it is probable that an out\ufb02ow of resources will be required to settle the
obligation and the amount has been reliably estimated. Provisions are
not recognised for future operating losses.
Provisions are measured at the present value of the expenditures
expected to be required to settle the obligation, using the pre-tax rate
that re\ufb02ects current market assessments of the time value of money
and the risks speci\ufb01c to the obligation. The increase in the provision
due to the passage of time is recognised as an interest expense.
Retirement bene\ufb01t obligations
For de\ufb01ned contribution schemes operated by the Group, amounts
payable are charged to the income statement as they accrue.
Accounting for Employee Share Ownership Plan
Own shares held by the Galliford Try Employee Share Trust (the \u2018Trust\u2019)
are included in the Group \ufb01nancial statements as a deduction from
retained earnings. The charge made to the income statement for
employee share awards and options is based on the fair value of the
award at the date of grant, spread over the performance period.
Where such shares subsequently vest to the employees under the
terms of the Group\u2019s share option schemes or are sold, any
consideration received is included in equity.
Share-based payments
The Group operates a number of equity-settled, share-based
compensation plans. The fair value of the employee services received
in exchange for the grant of the options is recognised as an expense
over the vesting period. The total amount to be expensed over the
vesting period is determined by reference to the fair value of the options
granted, excluding the impact of any non-market vesting conditions
such as growth in earnings per share. Non-market vesting conditions
are included in assumptions about the number of options that are
expected to vest.
At each balance sheet date, the Group revises its estimates of the
number of options that are expected to vest. It recognises the impact
of the revision to original estimates, if any, in the income statement,
with a corresponding adjustment to equity.
The proceeds received net of any directly attributable transaction
costs are credited to share capital (nominal value) and share premium
when the options are exercised. The grant by the Company of options
over its equity instruments to the employees of subsidiary undertakings
in the Group is treated as an increase in the cost of the investment
in subsidiaries.
Dividend
Final dividend distribution to the Company\u2019s shareholders is recognised
as a liability in the Group\u2019s \ufb01nancial statements in the period in
which the dividends are approved by the Company\u2019s shareholders.
Interim dividends are recognised when paid.
Equity instruments
Equity instruments, such as ordinary share capital, issued by the
Company are recorded at the proceeds received net of directly
attributable incremental issue costs. Consideration paid for shares
in the Company held by the Trust is deducted from total equity.
Investments in subsidiaries
The Company\u2019s investments in subsidiaries are recorded in the
Company\u2019s balance sheet at cost less any impairment. The directors
review the investments for impairment annually. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00267": { "value": "General information
Galliford Try Holdings plc (the Company) is a public limited company
incorporated, listed and domiciled in the UK, and registered under the
laws of England and Wales. The address of the registered of\ufb01ce is
3 Frayswater Place, Cowley, Uxbridge, UB8 2AD. The Company has
its listing on the London Stock Exchange.
The \ufb01nancial statements are presented in pounds sterling because
that is the currency of the primary economic environment in which the
Group operates. The amounts stated are denominated in millions (\u00a3m). ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00257": { "value": "Galliford Try Holdings plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00254": { "value": "Galliford Try Holdings plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00262": { "value": "public limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00261": { "value": "UK", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00258": { "value": "England and Wales", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00256": { "value": "3 Frayswater Place, Cowley, Uxbridge, UB8 2AD. ", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00268": { "value": "The \ufb01nancial statements are presented in pounds sterling because
that is the currency of the primary economic environment in which the
Group operates. The amounts stated are denominated in millions (\u00a3m). ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00269": { "value": "Going concern
The consolidated and Company \ufb01nancial statements have been
prepared on a going concern basis. The Group\u2019s business activities,
together with the factors likely to affect its future development,
performance and position are set out in the Viability Statement
(on page 85) and the Strategic Report.
As at 30 June 2026, the Group had substantial cash balances, no drawn
loan facilities, no de\ufb01ned bene\ufb01t pension liabilities and a strong forward
secured order book. The directors regularly review the working capital
requirements of the Group while considering downside sensitivities.
The Group\u2019s forecasts have been prepared in the context of the current
economic conditions and additionally, the directors have considered
a range of downside sensitivities (as discussed in detail in the Viability
Statement on page 85). Even in the severe but plausible downside
scenario, the Group is forecast to continue to meet its obligations and
remain cash positive for a period of at least 12 months from the date
the \ufb01nancial statements are authorised for issue.
After making enquiries and considering the factors and sensitivities
outlined above for a range of scenarios, the directors have a reasonable
expectation that the Group has adequate resources to continue in
operational existence for the foreseeable future being a period of at
least 12 months from the date the \ufb01nancial statements are authorised
for issue. Thus, they continue to adopt the going concern basis of
accounting in preparing the annual \ufb01nancial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00260": { "value": "2026-06-30", "dimensions": { "concept": "ifrs-full:DateOfEndOfReportingPeriod2013", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00270": { "value": "Basis of accounting
For the year to 30 June 2026, the Group consolidated \ufb01nancial
statements and the Company \ufb01nancial statements have been prepared
in accordance with UK-adopted International Accounting Standards and
with the requirements of the Companies Act 2006, under the historical
cost convention, as modi\ufb01ed by the revaluation of PPP and other
investments at fair value through other comprehensive income.
The following amendment was effective for the \ufb01rst time for the year
ended 30 June 2026 but did not have a material effect on the Group:
Amendments to IAS 21 to clarify the accounting when there is a lack
of exchangeability
The following are new standards, interpretations and amendments,
that are not yet effective or have not been endorsed. The Group has
chosen not to adopt these early.
IFRS 18 Presentation and Disclosure in Financial Statements
Amendment to IFRS 9 and IFRS 7 \u2013 Classi\ufb01cation and Measurement
of Financial Instruments
Annual improvements to IFRS \u2013 Volume 11
IFRS 18, which replaces IAS 1 Presentation of Financial Statements,
primarily introduces new requirements for the presentation of the
income statement and the classi\ufb01cation of income and expenses.
The Group is in the process of determining the impact of applying
IFRS 18 which is not expected to be material. IFRS 18 is effective for
accounting periods beginning on or after 1 January 2027 and the
Group will report its \ufb01rst annual \ufb01nancial statements in accordance
with IFRS 18 for the year ended 30 June 2028.
Besides the presentational changes arising from the adoption of
IFRS 18, no other new accounting standard or amendment is expected
to have a material impact on the Group.
Basis of preparation
The Group \ufb01nancial statements incorporate the results of Galliford Try
Holdings plc, its subsidiary undertakings and the Group\u2019s share of the
results of joint arrangements. Subsidiaries are all entities over which
the Group has control. The exposure or right to variable returns from its
involvement with an investee, and the ability to in\ufb02uence those returns,
are considered when assessing whether the Group controls another
entity. Subsidiaries are fully consolidated from the date on which control
is transferred to the Group, until the date that control ceases.
The acquisition method of accounting is used to account for the
acquisition of a business by the Group. The cost of an acquisition is
measured at the fair value of the assets transferred, equity instruments
issued and liabilities incurred or assumed at the date of exchange.
Costs directly attributable to the acquisition are expensed to the
income statement. The identi\ufb01able assets acquired and liabilities
and contingent liabilities assumed in the business combination are
measured initially at their fair values at the acquisition date, irrespective
of any non-controlling interest. The excess of cost of acquisition over
the fair value of the Group\u2019s share of the identi\ufb01able net assets acquired
is recorded as goodwill. If the fair value of the Group\u2019s share of the
identi\ufb01able net assets is in excess of the cost of the acquisition,
the gain on bargain purchase is recognised as a credit through the
income statement.
Inter-company transactions, balances and unrealised gains on
transactions between Group companies are eliminated. Unrealised
losses are also eliminated but considered an impairment indicator of
the asset transferred. Accounting policies of acquired subsidiaries are
changed where necessary, to ensure consistency with policies adopted
by the Group.
In addition to total performance measures, the Group discloses
additional information including adjusted performance and adjusted
earnings per share. The Group believes that this additional information
provides useful information on underlying trends. This additional
information is not de\ufb01ned under international accounting standards and
may therefore not be comparable with similarly titled pro\ufb01t measures
reported by other companies. It is not intended to be a substitute for,
or superior to, international accounting standards measures of pro\ufb01t.
The Company has elected to take the exemption under section 408 of
the Companies Act 2006 to not present the Parent Company income
statement and statement of comprehensive income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00271": { "value": "For the year to 30 June 2026, the Group consolidated \ufb01nancial
statements and the Company \ufb01nancial statements have been prepared
in accordance with UK-adopted International Accounting Standards and
with the requirements of the Companies Act 2006, under the historical
cost convention, as modi\ufb01ed by the revaluation of PPP and other
investments at fair value through other comprehensive income. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00272": { "value": "The following amendment was effective for the \ufb01rst time for the year
ended 30 June 2026 but did not have a material effect on the Group:
Amendments to IAS 21 to clarify the accounting when there is a lack
of exchangeability", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00275": { "value": "The following amendment was effective for the \ufb01rst time for the year
ended 30 June 2026 but did not have a material effect on the Group:
Amendments to IAS 21 to clarify the accounting when there is a lack
of exchangeability
The following are new standards, interpretations and amendments,
that are not yet effective or have not been endorsed. The Group has
chosen not to adopt these early.
IFRS 18 Presentation and Disclosure in Financial Statements
Amendment to IFRS 9 and IFRS 7 \u2013 Classi\ufb01cation and Measurement
of Financial Instruments
Annual improvements to IFRS \u2013 Volume 11
IFRS 18, which replaces IAS 1 Presentation of Financial Statements,
primarily introduces new requirements for the presentation of the
income statement and the classi\ufb01cation of income and expenses.
The Group is in the process of determining the impact of applying
IFRS 18 which is not expected to be material. IFRS 18 is effective for
accounting periods beginning on or after 1 January 2027 and the
Group will report its \ufb01rst annual \ufb01nancial statements in accordance
with IFRS 18 for the year ended 30 June 2028.
Besides the presentational changes arising from the adoption of
IFRS 18, no other new accounting standard or amendment is expected
to have a material impact on the Group.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00276": { "value": "The following amendment was effective for the \ufb01rst time for the year
ended 30 June 2026 but did not have a material effect on the Group:
Amendments to IAS 21 to clarify the accounting when there is a lack
of exchangeability
The following are new standards, interpretations and amendments,
that are not yet effective or have not been endorsed. The Group has
chosen not to adopt these early.
IFRS 18 Presentation and Disclosure in Financial Statements
Amendment to IFRS 9 and IFRS 7 \u2013 Classi\ufb01cation and Measurement
of Financial Instruments
Annual improvements to IFRS \u2013 Volume 11
IFRS 18, which replaces IAS 1 Presentation of Financial Statements,
primarily introduces new requirements for the presentation of the
income statement and the classi\ufb01cation of income and expenses.
The Group is in the process of determining the impact of applying
IFRS 18 which is not expected to be material. IFRS 18 is effective for
accounting periods beginning on or after 1 January 2027 and the
Group will report its \ufb01rst annual \ufb01nancial statements in accordance
with IFRS 18 for the year ended 30 June 2028.
Besides the presentational changes arising from the adoption of
IFRS 18, no other new accounting standard or amendment is expected
to have a material impact on the Group.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00273": { "value": "The following are new standards, interpretations and amendments,
that are not yet effective or have not been endorsed. The Group has
chosen not to adopt these early.
IFRS 18 Presentation and Disclosure in Financial Statements
Amendment to IFRS 9 and IFRS 7 \u2013 Classi\ufb01cation and Measurement
of Financial Instruments
Annual improvements to IFRS \u2013 Volume 11
IFRS 18, which replaces IAS 1 Presentation of Financial Statements,
primarily introduces new requirements for the presentation of the
income statement and the classi\ufb01cation of income and expenses.
The Group is in the process of determining the impact of applying
IFRS 18 which is not expected to be material. IFRS 18 is effective for
accounting periods beginning on or after 1 January 2027 and the
Group will report its \ufb01rst annual \ufb01nancial statements in accordance
with IFRS 18 for the year ended 30 June 2028.
Besides the presentational changes arising from the adoption of
IFRS 18, no other new accounting standard or amendment is expected
to have a material impact on the Group.", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00277": { "value": "Basis of preparation
The Group \ufb01nancial statements incorporate the results of Galliford Try
Holdings plc, its subsidiary undertakings and the Group\u2019s share of the
results of joint arrangements. Subsidiaries are all entities over which
the Group has control. The exposure or right to variable returns from its
involvement with an investee, and the ability to in\ufb02uence those returns,
are considered when assessing whether the Group controls another
entity. Subsidiaries are fully consolidated from the date on which control
is transferred to the Group, until the date that control ceases.
The acquisition method of accounting is used to account for the
acquisition of a business by the Group. The cost of an acquisition is
measured at the fair value of the assets transferred, equity instruments
issued and liabilities incurred or assumed at the date of exchange.
Costs directly attributable to the acquisition are expensed to the
income statement. The identi\ufb01able assets acquired and liabilities
and contingent liabilities assumed in the business combination are
measured initially at their fair values at the acquisition date, irrespective
of any non-controlling interest. The excess of cost of acquisition over
the fair value of the Group\u2019s share of the identi\ufb01able net assets acquired
is recorded as goodwill. If the fair value of the Group\u2019s share of the
identi\ufb01able net assets is in excess of the cost of the acquisition,
the gain on bargain purchase is recognised as a credit through the
income statement.
Inter-company transactions, balances and unrealised gains on
transactions between Group companies are eliminated. Unrealised
losses are also eliminated but considered an impairment indicator of
the asset transferred. Accounting policies of acquired subsidiaries are
changed where necessary, to ensure consistency with policies adopted
by the Group.
In addition to total performance measures, the Group discloses
additional information including adjusted performance and adjusted
earnings per share. The Group believes that this additional information
provides useful information on underlying trends. This additional
information is not de\ufb01ned under international accounting standards and
may therefore not be comparable with similarly titled pro\ufb01t measures
reported by other companies. It is not intended to be a substitute for,
or superior to, international accounting standards measures of pro\ufb01t.
The Company has elected to take the exemption under section 408 of
the Companies Act 2006 to not present the Parent Company income
statement and statement of comprehensive income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00348": { "value": "Impact of climate change on the \ufb01nancial statements
As reported in the TCFD disclosures starting on page 72, and the
principal risks starting on page 67, the directors, in preparing the
\ufb01nancial statements, have considered the risks and potential impact
of climate change to the Group. It is unlikely that these risks will have
a material \ufb01nancial impact in the short (between one and two years)
and medium (between three and 10 years) term, particularly given the
nature of the contractual arrangements in place.
There has been no material impact identi\ufb01ed on the \ufb01nancial reporting
judgements and estimates. The Directors considered the impact of
climate change in respect of the following principal areas:
contract judgements made on the Group\u2019s construction contracts;
going concern and viability of the Group over the next three years;
cash \ufb02ow forecasts used in the impairment assessments of
non-current assets including the intangible assets and goodwill; and
carrying value and useful economic lives of property, plant
and equipment.
As current legislation stands, there is no material impact expected
from climate change. The Directors are however aware of the
ever-changing risks attached to climate change and will continue to
monitor this, particularly regarding any judgements on construction
contracts, impairment reviews and going concern in preparation of
the Group\u2019s \ufb01nancial statements. ", "dimensions": { "concept": "gfrd:DescriptionOfAccountingPolicyForImpactOfClimateChangeOnTheFinancialStatementsPolicyTextBlock", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00274": { "value": "Critical accounting estimates and judgements
The preparation of the consolidated \ufb01nancial statements requires
management to make judgements, estimates and assumptions that
affect the application of policies and reported amounts of assets,
liabilities, income and expenses. Critical judgements are those
management has made when applying its material accounting policies,
whereas critical estimates are assumptions and estimates made at
the end of the reporting period that have a signi\ufb01cant risk of resulting
in a material adjustment to the carrying amounts of assets and liabilities
within the next \ufb01nancial year.
The estimates, judgements and associated assumptions are based on
historical experience and various other factors that are believed to be
reasonable under the circumstances, the results of which form the basis
of making estimates and judgements about the carrying value of assets
and liabilities which are not readily apparent from other sources. Actual
results may differ from these estimates and judgements. The estimates,
judgements and underlying assumptions are reviewed on an ongoing
basis. Revisions to accounting estimates and judgements are recognised
in the period in which the estimate or judgement is revised if the revision
affects only that period, or in the period of revision and future periods if
the revision affects both current and future periods.
Material estimates and judgements are made in particular with regards
to establishing the following policies:
(i) Revenue and pro\ufb01t recognition for long-term contract accounting
(judgement and estimate)
In order to determine the pro\ufb01t and loss that the Group is able to
recognise on its construction contracts in a speci\ufb01c period, the Group
has to estimate the outcome of both the total costs to complete the
contract and the \ufb01nal contract value. The Group has to allocate total
costs of the construction contracts between the amount incurred on
the contract to the end of the reporting period and the proportion to
complete in a future period. The assessment of the total costs to be
incurred and \ufb01nal contract value requires a degree of estimation.
Contract modi\ufb01cations are recognised when the Group considers they
have been approved (which also includes consideration of whether
enforceable rights exist in the contract). The estimation of \ufb01nal contract
value includes the assessment of the recovery of variations, claims and
compensation events (contract modi\ufb01cations). The estimate made is
constrained in accordance with IFRS 15 so that it is highly probable not
to result in a signi\ufb01cant reversal of revenue in the future. Where the
change in scope results in an increase to the work to be performed
that is distinct and re\ufb02ects the stand-alone selling price of the distinct
good/service, it is treated as a separate contract. This is assessed on
a contract speci\ufb01c basis.
The Group recognises recoveries of claims from clients as revenue
where clear entitlement has been established which can require
judgement, such as through dispute-resolution processes. This includes
the recovery of costs (such as delays to the contract programme)
to the extent it is highly probable not to result in a signi\ufb01cant reversal
of revenue in the future.
The estimation of costs to complete is based on all available relevant
information such as procured packages and management experience
and includes estimation of \ufb01nal accounts and any potential maintenance
and defect liabilities. Recoveries resulting from actual or potential claims
against subcontractors are accounted for in accordance with IAS 37 and
are recognised only when they meet the virtually certain threshold.
Group management has established internal controls to review and
ensure the appropriateness of estimates made on an individual contract
basis, including any necessary contract provisions. As with most large,
complex construction projects, there is an element of estimation
uncertainty over costs to complete and \ufb01nal account settlements.
This is, however, reduced by the experience of the management team
and the controls that we have in place. The settlement of these \ufb01nal
accounts may give rise to an over or under-recognition of pro\ufb01t or loss
and associated cash \ufb02ows, which could be material.
As at 30 June 2026, the Group\u2019s contract assets, contract liabilities
and contract provisions amounted to \u00a3283.6m, \u00a3140.7m, and
\u00a363.9m (2025: \u00a3295.9m, \u00a3124.7m and \u00a348.6m) respectively as set
out in notes 16, 18 and 19. The Group has considered the nature of
the estimates involved in deriving these balances and concluded that
it is possible, on the basis of existing knowledge, that outcomes within
the next \ufb01nancial year may be different from the Group\u2019s assumptions
applied as at 30 June 2026 and could require a material adjustment to
the carrying amounts of these assets and liabilities in the next \ufb01nancial
year. However, due to the level of uncertainty, combination of cost
and income variables and timing across the Group\u2019s large portfolio of
contracts at different stages of their contract life, it is impracticable to
provide a quantitative analysis of the aggregated judgements that are
applied at a portfolio level.
The Group\u2019s \ufb01ve largest unagreed variations and claims positions at the
year-end are summarised in aggregate below.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Overall contract value (including total
\u00a0 \u00a0
estimated end of contract variations
\u00a0 \u00a0
and claims)
331.1
506.0
Revenue in the year
91.2
170.9
Total estimated end of contract
\u00a0 \u00a0
variations and claims
62.8
90.2
\n
These items include estimation uncertainty, with a range of reasonably
possible outcomes of \u00a362.8m to \u00a374.8m (2025: \u00a390.2m to \u00a3121.3m).
These \ufb01ve positions represent the most signi\ufb01cant estimates of revenue.
The total estimated end of contract variations and claims of
the subsequent \ufb01ve largest positions is \u00a317.0m (2025: \u00a326.9m).
In respect of contract assets of \u00a3283.6m (2025: \u00a3295.9m) and in
assessing receivable provisions calculated on an expected loss basis,
the Group has recorded a provision of \u00a3nil (2025: \u00a3nil).
It is unclear whether the outstanding uncertainties will be resolved
within the next 12 months.
(ii) Recti\ufb01cation provision \u2013 Infrastructure contract
(judgement and estimate)
The Group regularly engages in contracts with general or defect
warranty recti\ufb01cation requirements, typically less than three years.
Within the pool of open warranty period contracts, the Group built,
as part of joint operation with two other partners, a single infrastructure
scheme under a contract that included various defect warranty
obligations, with the longest obligation lasting up to 12 years.
At 30 June 2026, there remained \ufb01ve years (2025: six years) of the
longest warranty liability period remaining.
This is the only contract the Group has that has a general defect
warranty period of this length. The contractual nature of the defect
warranty liability and the completion of the scheme are the obligating
events and the Group, as part of the joint operation, has remediated
items since completion and has other known issues ongoing that will
likely result in future cash out\ufb02ows, though the timing and quantum
remain uncertain. The Group also believes that there will be further
unknown but probable cash out\ufb02ows relating to as yet unknown items
as scheduled inspections of various structural elements of the scheme
are completed that have a potentially material range of outcomes.
Management has applied judgement in assessing whether the criteria
for recognising a provision under IAS 37 has been met.
The Group has provided \u00a313.1m (2025: \u00a313.1m) against future
defect costs and this represents management\u2019s best estimate of
potential future payments associated with the warranty recti\ufb01cation
responsibilities. The provision requires a limited number of signi\ufb01cant
estimates and assumptions by management, with a signi\ufb01cant level of
estimation risk as a result arising from the level of defects and associated
cost that may arise. Management estimates the reasonable range of
estimates to be between \u00a37.6m and \u00a319.1m (2025: \u00a37.3m and \u00a319.2m)
at 30 June 2026. During the year \u00a30.1m and \u00a3nil (2025: \u00a30.1m and
\u00a31.3m) of the opening provision of \u00a313.1m (2025: \u00a314.6m) was utilised
and released respectively, with additions of \u00a30.1m (2025: \u00a3nil) made in
the year.
Management has sought input from external experienced industry
\ufb01gures and industry bodies to support the provision it has made but
the outcome will depend on actual experience and defects arising.
(iii) Exceptional items (judgement)
Exceptional items are items of \ufb01nancial performance which the
Group believes should be presented separately on the face of the
income statement, to assist in understanding the underlying \ufb01nancial
performance achieved by the Group. Determining whether an item
is exceptional requires judgement. The exceptional items meet the
Group\u2019s de\ufb01nition of exceptional, being signi\ufb01cant irregular income
and/or expense, that the Group believes assists the users of the
accounts by disclosing separately. There were no exceptional items
during the years ended 30 June 2026 and 30 June 2025.
Other accounting estimates
The Consolidated Financial Statements include other areas of
accounting estimates that do not meet the de\ufb01nition of signi\ufb01cant
accounting estimates or accounting judgements under IAS 1.
The recognition and measurement of certain material assets and
liabilities are based on assumptions and/or are subject to longer-term
uncertainties as follows:
(i) PPP and other investments measured at fair value through other
comprehensive income (estimate)
At 30 June 2026, \u00a337.2m (2025: \u00a338.6m) of PPP and other investments
were classi\ufb01ed as \ufb01nancial assets measured at fair value through other
comprehensive income. In the operational phase, the fair value of these
\ufb01nancial assets is measured at each reporting date by discounting the
future value of the cash \ufb02ows allocated to the \ufb01nancial asset. Individual
discount rates have been used which equate to an overall blended
discount rate of 8.1% (2025: 7.9%), which re\ufb02ects the rates typically
experienced in the marketplace. A 0.5% increase/reduction in the
discount rate would result in a corresponding decrease/increase in the
value of the investments recorded in the balance sheet of approximately
\u00a31.3m (2025: \u00a31.3m) (note 15). ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00349": { "value": "Exceptional items
Exceptional items are signi\ufb01cant irregular items of income
and/or expense including taxation which the Group believes
should be separately disclosed in the income statement, to assist in
understanding the underlying \ufb01nancial performance achieved by the
Group, by virtue of their nature or size. Examples of items which may
give rise to disclosure as exceptional items include gains and losses
on the disposal of businesses and property, plant and equipment,
signi\ufb01cant unanticipated losses on contracts, cost of restructuring and
reorganisation of businesses, cost of ERP system implementations,
acquisition costs and asset impairments. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00350": { "value": "Segmental reporting
The Group\u2019s reporting segments are based on the types of services
provided. Operating segments with similar economic characteristics
have been aggregated into reportable segments which re\ufb02ect the
nature of the services provided by the Group. The business segmental
reporting re\ufb02ects the Group\u2019s management and internal reporting
structure. Segmental results include items directly attributable to the
segment, as well as those that can be allocated on a reasonable basis.
There has been no change to the segmentation during the year.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00351": { "value": "Revenue and pro\ufb01t
Revenue is recognised when the Group transfers control of goods
or services to customers. Revenue comprises the fair value of the
consideration received or receivable net of rebates, discounts and
value-added tax. Where consideration is subject to variability, the
Group estimates the amount receivable based on the most likely
amount. Typically, the main factor that impacts the revenue constraint
is the Group\u2019s experience with similar modi\ufb01cations and previous
negotiations/historical success with the same client. Where there is
a limited history of success, the constraint applied is typically greater.
This assessment is carried out on a contract speci\ufb01c basis. Revenue
recognised is constrained to the amount which is highly probable not to
result in a signi\ufb01cant reversal in future periods. The Group also assesses
whether the costs incurred on a project depict an appropriate measure
of progress, and constrain revenue accordingly.
Intercompany revenue is eliminated. Revenue also includes the Group\u2019s
proportion of work carried out under joint operations.
Where a modi\ufb01cation to an existing contract occurs, the Group assesses
the nature of the modi\ufb01cation and whether it represents a separate
performance obligation required to be satis\ufb01ed or whether it is a
modi\ufb01cation to the existing performance obligation.
Revenue for the Group\u2019s continuing operations is recognised as follows:
Construction services
Revenue comprises the value of construction services transferred
to a customer during the period. The results for the period include
adjustments for the outcome of contracts, including jointly controlled
operations, executed in both the current and preceding years.
Fixed price contracts \u2013 substantially all of the revenue recognised
is calculated based on total costs incurred as a proportion of total
estimated costs to complete (input method), applied to the estimated
\ufb01nal value and is recognised over time. The estimated \ufb01nal value
includes variations, compensation events and certain claims (contract
modi\ufb01cations) where it is highly probable that there will not be a
signi\ufb01cant reversal. Provision will be made against any expected loss as
soon as it is identi\ufb01ed. For certain contracts where the value delivered
to the customer can be directly observed or measured, the Group
recognises revenue over time on the output method. The value is based
on payments from customers on a contractual schedule of value that
re\ufb02ects the timing and performance of service delivery (reference to
milestone reached, units delivered or work certi\ufb01ed).
Cost-reimbursable contracts \u2013 revenue is recognised based upon
costs incurred to date plus any agreed fee and is recognised over time.
Where contracts include a target price, consideration is given to the
impact on revenue of the mechanism for distributing any savings or
additional costs compared to the target price. Any revenue over and
above the target price, which could include variations and compensation
events, is recognised once it is highly probable that there will not be
a signi\ufb01cant reversal in the future.
Facilities management \u2013 management services and facilities
management contracts typically represent a single performance
obligation. Revenue is recognised over time as control passes to the
customer and is typically measured on a straight-line basis as this
is considered to be a reliable estimate of the pattern of transfer to
the customer.
Investments \u2013 Development fees and land sales on co-development
private rental schemes represent a performance obligation that is
recognised at a point in time when control is deemed to pass to the
customer (on \ufb01nancial close).
The business additionally provides management services and project
manages developments under Management Service Agreements
(MSA) or separate development arrangements. Revenue for these
services is typically recognised over time as and when the service is
delivered to the customer.
Recoveries from claims against third parties
The recognition of expected reimbursements resulting from certain
third-party claims such as against the supply chain or through insurance
recoveries is accounted for in accordance with IAS 37 Provisions,
Contingent Liabilities and Contingent Assets. This requires recovery
to be \u2018virtually certain\u2019 before an asset can be recognised.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00352": { "value": "Government funding
Grants (including research and development expenditure credits)
are recognised when there is reasonable assurance that the Group will
comply with the conditions attaching to them and the grants will be
received. The grants are recognised in the income statement over the
periods necessary to match them with the related costs which they are
intended to compensate, on a systematic basis.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00355": { "value": "Finance income and cost
Finance income and cost is recognised on a time proportion basis,
using the effective interest method. Finance cost also includes the
unwinding of lease liabilities. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00354": { "value": "Finance income and cost
Finance income and cost is recognised on a time proportion basis,
using the effective interest method. Finance cost also includes the
unwinding of lease liabilities. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00353": { "value": "Finance income and cost
Finance income and cost is recognised on a time proportion basis,
using the effective interest method. Finance cost also includes the
unwinding of lease liabilities. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00357": { "value": "Income tax
Current income tax is based on the taxable pro\ufb01t for the year.
Taxable pro\ufb01t differs from pro\ufb01t before taxation recorded in the
income statement because it excludes items of income or expense that
are taxable or deductible in other years or that are never taxable or
deductible. The liability for current tax is calculated using rates that have
been enacted, or substantively enacted, by the balance sheet date.
Deferred income tax is provided using the balance sheet liability
method, providing for all temporary differences between the carrying
amount of assets and liabilities for \ufb01nancial reporting purposes and
the amounts used for taxation purposes, with the exception of the
initial recognition of goodwill arising on an acquisition. Deferred tax is
measured at the tax rates that are expected to apply in the periods in
which the timing differences are expected to reverse, based on rates and
laws that have been enacted or substantively enacted by the balance
sheet date.
A deferred tax asset is only recognised when it is more likely than
not that the asset will be recoverable in the foreseeable future out of
taxable pro\ufb01ts from which the underlying temporary differences can
be deducted.
Deferred income tax is provided on temporary differences arising on
investments in subsidiaries and associates, except where the timing
of the reversal of the temporary difference is controlled by the Group
and it is probable that the temporary difference will not reverse in the
foreseeable future. Deferred income tax assets and liabilities are offset
when there is a legally enforceable right to offset current tax assets
against current tax liabilities and when there is an intention to settle
the balances on a net basis.
Deferred income tax is charged or credited through the income
statement, except when it relates to items charged or credited through
the statement of comprehensive income or to equity, when it is charged
or credited there.
The Group has applied the mandatory exception to recognising and
disclosing information about deferred tax assets and liabilities related
to Pillar Two income taxes. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00356": { "value": "Income tax
Current income tax is based on the taxable pro\ufb01t for the year.
Taxable pro\ufb01t differs from pro\ufb01t before taxation recorded in the
income statement because it excludes items of income or expense that
are taxable or deductible in other years or that are never taxable or
deductible. The liability for current tax is calculated using rates that have
been enacted, or substantively enacted, by the balance sheet date.
Deferred income tax is provided using the balance sheet liability
method, providing for all temporary differences between the carrying
amount of assets and liabilities for \ufb01nancial reporting purposes and
the amounts used for taxation purposes, with the exception of the
initial recognition of goodwill arising on an acquisition. Deferred tax is
measured at the tax rates that are expected to apply in the periods in
which the timing differences are expected to reverse, based on rates and
laws that have been enacted or substantively enacted by the balance
sheet date.
A deferred tax asset is only recognised when it is more likely than
not that the asset will be recoverable in the foreseeable future out of
taxable pro\ufb01ts from which the underlying temporary differences can
be deducted.
Deferred income tax is provided on temporary differences arising on
investments in subsidiaries and associates, except where the timing
of the reversal of the temporary difference is controlled by the Group
and it is probable that the temporary difference will not reverse in the
foreseeable future. Deferred income tax assets and liabilities are offset
when there is a legally enforceable right to offset current tax assets
against current tax liabilities and when there is an intention to settle
the balances on a net basis.
Deferred income tax is charged or credited through the income
statement, except when it relates to items charged or credited through
the statement of comprehensive income or to equity, when it is charged
or credited there.
The Group has applied the mandatory exception to recognising and
disclosing information about deferred tax assets and liabilities related
to Pillar Two income taxes. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00360": { "value": "Goodwill
Goodwill arising on consolidation represents the excess of the fair value
of the consideration given over the fair value of the net assets acquired.
It is recognised as an asset and reviewed for impairment at least annually
or when there is a triggering event, by considering the net present
value of future cash \ufb02ows. For purposes of testing for impairment,
the carrying value of goodwill is compared to its recoverable amount,
which is the higher of the value in use and the fair value less costs to sell.
Any impairment is charged immediately to the income statement.
Goodwill is allocated to Cash Generating Units (CGUs) for the purpose
of impairment testing. The allocation is made to those CGUs or groups
of CGUs that are expected to bene\ufb01t from the business combination in
which the goodwill arose.
Intangible assets
Intangible assets can include brands, customer contracts and customer
relationships acquired on acquisition of subsidiary companies, and
computer software developed by the Group. The intangible assets
are reviewed for impairment when there is a triggering event.
Intangible assets are stated at cost less accumulated amortisation
and impairment. Cost is determined at the time of acquisition as being
directly attributable costs or, where relevant, by using an appropriate
valuation methodology.
Intangible assets are amortised over the following periods:
(a) Customer contracts and relationships \u2013 on a straight-line basis over
up to 10 years.
(b) Computer software \u2013 once the software is fully operational,
amortisation is on a straight-line basis over up to 10 years. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00359": { "value": "Goodwill
Goodwill arising on consolidation represents the excess of the fair value
of the consideration given over the fair value of the net assets acquired.
It is recognised as an asset and reviewed for impairment at least annually
or when there is a triggering event, by considering the net present
value of future cash \ufb02ows. For purposes of testing for impairment,
the carrying value of goodwill is compared to its recoverable amount,
which is the higher of the value in use and the fair value less costs to sell.
Any impairment is charged immediately to the income statement.
Goodwill is allocated to Cash Generating Units (CGUs) for the purpose
of impairment testing. The allocation is made to those CGUs or groups
of CGUs that are expected to bene\ufb01t from the business combination in
which the goodwill arose. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00358": { "value": "Goodwill
Goodwill arising on consolidation represents the excess of the fair value
of the consideration given over the fair value of the net assets acquired.
It is recognised as an asset and reviewed for impairment at least annually
or when there is a triggering event, by considering the net present
value of future cash \ufb02ows. For purposes of testing for impairment,
the carrying value of goodwill is compared to its recoverable amount,
which is the higher of the value in use and the fair value less costs to sell.
Any impairment is charged immediately to the income statement.
Goodwill is allocated to Cash Generating Units (CGUs) for the purpose
of impairment testing. The allocation is made to those CGUs or groups
of CGUs that are expected to bene\ufb01t from the business combination in
which the goodwill arose. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00361": { "value": "Intangible assets
Intangible assets can include brands, customer contracts and customer
relationships acquired on acquisition of subsidiary companies, and
computer software developed by the Group. The intangible assets
are reviewed for impairment when there is a triggering event.
Intangible assets are stated at cost less accumulated amortisation
and impairment. Cost is determined at the time of acquisition as being
directly attributable costs or, where relevant, by using an appropriate
valuation methodology.
Intangible assets are amortised over the following periods:
(a) Customer contracts and relationships \u2013 on a straight-line basis over
up to 10 years.
(b) Computer software \u2013 once the software is fully operational,
amortisation is on a straight-line basis over up to 10 years. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00363": { "value": "Property, plant and equipment
All property, plant and equipment are stated at cost less accumulated
depreciation and impairment. Cost includes expenditure that is directly
attributable to the acquisition of the items. Land and buildings comprise
mainly of\ufb01ces.
Depreciation is calculated to write off the cost of each asset to its
estimated residual value over its expected useful life. Freehold land is
not depreciated. The annual rates of depreciation on cost, applied on
a straight-line basis, are as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Freehold buildings
2%
Plant and machinery
15% to 33%
Fixtures and \ufb01ttings
10% to 33%
\n
In addition to systematic depreciation, the book value of property,
plant and equipment is written down to estimated recoverable
amounts should any impairment in the respective carrying values be
identi\ufb01ed. The asset residual values, carrying values and useful lives
are reviewed on an annual basis and adjusted if appropriate at each
balance sheet date.
Repairs and maintenance expenditure is expensed as incurred, on an
accruals basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00362": { "value": "Property, plant and equipment
All property, plant and equipment are stated at cost less accumulated
depreciation and impairment. Cost includes expenditure that is directly
attributable to the acquisition of the items. Land and buildings comprise
mainly of\ufb01ces.
Depreciation is calculated to write off the cost of each asset to its
estimated residual value over its expected useful life. Freehold land is
not depreciated. The annual rates of depreciation on cost, applied on
a straight-line basis, are as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Freehold buildings
2%
Plant and machinery
15% to 33%
Fixtures and \ufb01ttings
10% to 33%
\n
In addition to systematic depreciation, the book value of property,
plant and equipment is written down to estimated recoverable
amounts should any impairment in the respective carrying values be
identi\ufb01ed. The asset residual values, carrying values and useful lives
are reviewed on an annual basis and adjusted if appropriate at each
balance sheet date.
Repairs and maintenance expenditure is expensed as incurred, on an
accruals basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00365": { "value": "Joint arrangements
The Group applies IFRS 11 to all joint arrangements. Investments in joint
arrangements are classi\ufb01ed as either joint ventures or joint operations,
depending on the contractual rights and obligations of each investor.
A joint venture is an entity over which the Group has joint control
and rights to the net assets of the entity. The Group\u2019s interest in joint
ventures is accounted for using the equity method. Under this method
the Group\u2019s share of pro\ufb01ts or losses after taxation of joint ventures is
included in the consolidated income statement and its interest in their
net assets is included in investments in the consolidated balance sheet.
A joint operation is a joint arrangement that the Group undertakes
with third parties, whereby those parties have rights to the assets and
obligations of the arrangement. The Group accounts for joint operations
by recognising its share of the results and net assets under each relevant
line item in the consolidated income statement and consolidated
balance sheet respectively. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00364": { "value": "Joint arrangements
The Group applies IFRS 11 to all joint arrangements. Investments in joint
arrangements are classi\ufb01ed as either joint ventures or joint operations,
depending on the contractual rights and obligations of each investor.
A joint venture is an entity over which the Group has joint control
and rights to the net assets of the entity. The Group\u2019s interest in joint
ventures is accounted for using the equity method. Under this method
the Group\u2019s share of pro\ufb01ts or losses after taxation of joint ventures is
included in the consolidated income statement and its interest in their
net assets is included in investments in the consolidated balance sheet.
A joint operation is a joint arrangement that the Group undertakes
with third parties, whereby those parties have rights to the assets and
obligations of the arrangement. The Group accounts for joint operations
by recognising its share of the results and net assets under each relevant
line item in the consolidated income statement and consolidated
balance sheet respectively. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00366": { "value": "PPP and other investments
PPP and other investments are non-derivatives that are either
designated in this category or not classi\ufb01ed in any of the other
categories. They are included in non-current assets unless management
intends to dispose of the assets within 12 months of the balance sheet
date. On initial recognition, the asset is recognised at cost.
The Group applies equity accounting for its investments in PPP/PFI
entities. These investments are treated as associates as the Group has
signi\ufb01cant in\ufb02uence over them. On initial recognition, the investments
in these entities are recognised at cost, and the carrying amounts are
increased or decreased to recognise the Group\u2019s share of the pro\ufb01t or
loss of the PPP/PFI entities after the date of acquisition. The Group\u2019s
share of the investments\u2019 pro\ufb01ts or losses is recognised in the pro\ufb01t or
loss net of any impairment losses. Distributions received reduce the
carrying amount of the investments.
The debt element of the Group\u2019s PPP/PFI entities is accounted for under
IFRS 9 \u2018Financial Instruments\u2019 with fair value movements recorded in
other comprehensive income and with recycling of gains and losses
through the income statement. Tax is recognised on the movements in
other comprehensive income, where we expect the recycling to attract
a tax charge/credit to the income statement. This re\ufb02ects the fact that
the Group has a demonstrable track record of investing in PFI assets
as part of an overall construction procurement strategy, with a view
to churning these investments on a regular basis. Management has
reviewed the classi\ufb01cation of PPP investments and considers that the
business model continues to be hold to collect and sell. The investments
therefore continue to be held at fair value through other comprehensive
income. Any provision for impairment of PPP is established based on
an expected credit loss model (general approach, as detailed under
impairment of \ufb01nancial assets). The amount of any loss is recognised in
other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00367": { "value": "Leases
In accordance with IFRS 16, leases are recognised as a right-of-use asset
and a corresponding liability at the date at which the leased asset is
available for use by the Group, except for short-term leases (de\ufb01ned as
leases with a lease term of 12 months or less) and leases for low-value
assets. Each lease payment is allocated between the liability and \ufb01nance
cost. The \ufb01nance cost is charged to pro\ufb01t or loss over the lease term
at a constant periodic rate of interest on the remaining balance of the
liability. The right-of-use asset is depreciated over the lease term on a
straight-line basis, unless the useful life of the asset is shorter than the
lease term. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00368": { "value": "Trade and other receivables
Trade receivables are recognised initially at fair value and subsequently
measured at amortised cost, using the effective interest method,
less provision for impairment. A provision for impairment of trade
receivables is established based on an expected credit loss model
(simpli\ufb01ed approach, as detailed under impairment of \ufb01nancial assets).
The amount of the loss is recognised in the income statement through
administrative expenses unless presented separately.
When a trade receivable is uncollectible, it is written off against the
impairment provision for trade receivables. Subsequent recoveries of
amounts previously written off are credited against costs in the income
statement. Short-term trade receivables do not carry any interest and
are stated at their amortised cost, as reduced by appropriate allowances
for estimated irrecoverable amounts. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00372": { "value": "Impairment of \ufb01nancial assets
IFRS 9 establishes a model for recognition and measurement of
impairment in \ufb01nancial assets. Loans and receivables and contract
assets apply the \u2018Expected Credit Losses\u2019 (ECL) model. All other assets
are classi\ufb01ed and measured at fair value, with movements going through
the income statement or other comprehensive income. Expected
credit losses are recognised and measured according to one of three
approaches \u2013 a general approach (12 months ECL), a simpli\ufb01ed approach
(lifetime ECL) or the \u2018credit adjusted approach\u2019. The Group has taken
the practical expedient to apply a simpli\ufb01ed \u2018provision matrix\u2019 for
calculating expected losses. The provision matrix is based on an entity\u2019s
historical default rates over the expected life of the trade receivables
and is adjusted, where relevant, for forward-looking estimates. For
large one-off balances where there is no historic experience, analysis is
completed in respect of a number of reasonably possible scenarios. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00371": { "value": "Impairment of \ufb01nancial assets
IFRS 9 establishes a model for recognition and measurement of
impairment in \ufb01nancial assets. Loans and receivables and contract
assets apply the \u2018Expected Credit Losses\u2019 (ECL) model. All other assets
are classi\ufb01ed and measured at fair value, with movements going through
the income statement or other comprehensive income. Expected
credit losses are recognised and measured according to one of three
approaches \u2013 a general approach (12 months ECL), a simpli\ufb01ed approach
(lifetime ECL) or the \u2018credit adjusted approach\u2019. The Group has taken
the practical expedient to apply a simpli\ufb01ed \u2018provision matrix\u2019 for
calculating expected losses. The provision matrix is based on an entity\u2019s
historical default rates over the expected life of the trade receivables
and is adjusted, where relevant, for forward-looking estimates. For
large one-off balances where there is no historic experience, analysis is
completed in respect of a number of reasonably possible scenarios. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00370": { "value": "Impairment of \ufb01nancial assets
IFRS 9 establishes a model for recognition and measurement of
impairment in \ufb01nancial assets. Loans and receivables and contract
assets apply the \u2018Expected Credit Losses\u2019 (ECL) model. All other assets
are classi\ufb01ed and measured at fair value, with movements going through
the income statement or other comprehensive income. Expected
credit losses are recognised and measured according to one of three
approaches \u2013 a general approach (12 months ECL), a simpli\ufb01ed approach
(lifetime ECL) or the \u2018credit adjusted approach\u2019. The Group has taken
the practical expedient to apply a simpli\ufb01ed \u2018provision matrix\u2019 for
calculating expected losses. The provision matrix is based on an entity\u2019s
historical default rates over the expected life of the trade receivables
and is adjusted, where relevant, for forward-looking estimates. For
large one-off balances where there is no historic experience, analysis is
completed in respect of a number of reasonably possible scenarios. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00369": { "value": "Impairment of \ufb01nancial assets
IFRS 9 establishes a model for recognition and measurement of
impairment in \ufb01nancial assets. Loans and receivables and contract
assets apply the \u2018Expected Credit Losses\u2019 (ECL) model. All other assets
are classi\ufb01ed and measured at fair value, with movements going through
the income statement or other comprehensive income. Expected
credit losses are recognised and measured according to one of three
approaches \u2013 a general approach (12 months ECL), a simpli\ufb01ed approach
(lifetime ECL) or the \u2018credit adjusted approach\u2019. The Group has taken
the practical expedient to apply a simpli\ufb01ed \u2018provision matrix\u2019 for
calculating expected losses. The provision matrix is based on an entity\u2019s
historical default rates over the expected life of the trade receivables
and is adjusted, where relevant, for forward-looking estimates. For
large one-off balances where there is no historic experience, analysis is
completed in respect of a number of reasonably possible scenarios. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00373": { "value": "Cash and cash equivalents
Cash and cash equivalents are carried in the balance sheet at nominal
value. For the purposes of the cash \ufb02ow statement, cash and cash
equivalents comprise cash at bank and in hand, including bank deposits
with original maturities of three months or less. Bank overdrafts met
the requirement for offsetting in the balance sheet and have been offset
with cash and cash equivalents. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00374": { "value": "Trade and other payables
Trade payables and other payables are recognised initially at fair value
and subsequently measured at amortised cost, using the effective
interest method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00375": { "value": "Provisions for liabilities and charges
Provisions for liabilities and charges are recognised when, as a result
of past events, the Group has a present legal or constructive obligation,
it is probable that an out\ufb02ow of resources will be required to settle the
obligation and the amount has been reliably estimated. Provisions are
not recognised for future operating losses.
Provisions are measured at the present value of the expenditures
expected to be required to settle the obligation, using the pre-tax rate
that re\ufb02ects current market assessments of the time value of money
and the risks speci\ufb01c to the obligation. The increase in the provision
due to the passage of time is recognised as an interest expense. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00376": { "value": "Retirement bene\ufb01t obligations
For de\ufb01ned contribution schemes operated by the Group, amounts
payable are charged to the income statement as they accrue.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00377": { "value": "Accounting for Employee Share Ownership Plan
Own shares held by the Galliford Try Employee Share Trust (the \u2018Trust\u2019)
are included in the Group \ufb01nancial statements as a deduction from
retained earnings. The charge made to the income statement for
employee share awards and options is based on the fair value of the
award at the date of grant, spread over the performance period.
Where such shares subsequently vest to the employees under the
terms of the Group\u2019s share option schemes or are sold, any
consideration received is included in equity. ", "dimensions": { "concept": "gfrd:DescriptionOfAccountingPolicyForAccountingForEmployeeShareOwnershipPlanPolicyTextBlock", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00378": { "value": "Share-based payments
The Group operates a number of equity-settled, share-based
compensation plans. The fair value of the employee services received
in exchange for the grant of the options is recognised as an expense
over the vesting period. The total amount to be expensed over the
vesting period is determined by reference to the fair value of the options
granted, excluding the impact of any non-market vesting conditions
such as growth in earnings per share. Non-market vesting conditions
are included in assumptions about the number of options that are
expected to vest.
At each balance sheet date, the Group revises its estimates of the
number of options that are expected to vest. It recognises the impact
of the revision to original estimates, if any, in the income statement,
with a corresponding adjustment to equity.
The proceeds received net of any directly attributable transaction
costs are credited to share capital (nominal value) and share premium
when the options are exercised. The grant by the Company of options
over its equity instruments to the employees of subsidiary undertakings
in the Group is treated as an increase in the cost of the investment
in subsidiaries. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00379": { "value": "Dividend
Final dividend distribution to the Company\u2019s shareholders is recognised
as a liability in the Group\u2019s \ufb01nancial statements in the period in
which the dividends are approved by the Company\u2019s shareholders.
Interim dividends are recognised when paid. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00380": { "value": "Equity instruments
Equity instruments, such as ordinary share capital, issued by the
Company are recorded at the proceeds received net of directly
attributable incremental issue costs. Consideration paid for shares
in the Company held by the Trust is deducted from total equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00381": { "value": "Investments in subsidiaries
The Company\u2019s investments in subsidiaries are recorded in the
Company\u2019s balance sheet at cost less any impairment. The directors
review the investments for impairment annually. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00278": { "value": "2 Segmental reporting
Segmental reporting is presented in the consolidated \ufb01nancial
statements in respect of the Group\u2019s business segments, which are
the primary basis of segmental reporting. The business segmental
reporting re\ufb02ects the Group\u2019s management and internal reporting
structure. Segmental results include items directly attributable to the
segment, as well as those that can be allocated on a reasonable basis.
As the Group has no activities outside the UK, segment reporting is
not required by geographical region.
The Chief Operating Decision-Makers (CODM) have been identi\ufb01ed
as the Group\u2019s Chief Executive and Chief Financial Of\ufb01cer. The CODM
review the Group\u2019s internal reporting in order to assess performance
and allocate resources. Management has determined the operating
segments of the Group to be Building, Infrastructure, Investments and
Central (primarily representing central overheads).
The CODM assess the performance of the operating segments
based on a measure of adjusted earnings before \ufb01nance income and
costs, amortisation, exceptional items and taxation. This measurement
basis excludes the effects of non-recurring expenditure from the
operating segments, such as restructuring costs and impairments
when the impairment is the result of an isolated, non-recurring event.
Interest income and expenditure are included in the result for each
operating segment that is reviewed by the CODM. Other information
provided to them is measured in a manner consistent with that in the
\ufb01nancial statements.
Income statement
\n\n \n
Building
Infrastructure
Investments
Central
Total
Year ended 30 June 2026
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Revenue
951.0
971.6
8.5
\u2013
1,931.1
Adjusted operating pro\ufb01t/(loss) (note 31)
33.1
34.3
(2.2)
(15.7)
49.5
Finance income
\u2013
0.2
3.7
6.0
9.9
Finance costs
(1.2)
(1.9)
\u2013
(0.4)
(3.5)
Adjusted pro\ufb01t/(loss) before taxation (note 31)
31.9
32.6
1.5
(10.1)
55.9
Amortisation of intangible assets
\u2013
(0.9)
\u2013
\u2013
(0.9)
Pro\ufb01t before tax
31.9
31.7
1.5
(10.1)
55.0
Income tax charge
(13.8)
Pro\ufb01t for the year
41.2
\n\n \n
Building
Infrastructure
Investments
Central
Total
Year ended 30 June 2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Revenue
964.7
902.5
8.0
\u2013
1,875.2
Adjusted operating pro\ufb01t/(loss) (note 31)
28.1
27.4
(0.4)
(14.5)
40.6
Finance income
\u2013
0.2
3.6
5.1
8.9
Finance costs
(1.4)
(2.0)
(0.1)
(1.0)
(4.5)
Adjusted pro\ufb01t/(loss) before taxation (note 31)
26.7
25.6
3.1
(10.4)
45.0
Amortisation of intangible assets
\u2013
(0.9)
\u2013
\u2013
(0.9)
Pro\ufb01t before tax
26.7
24.7
3.1
(10.4)
44.1
Income tax charge
(10.5)
Pro\ufb01t for the year
33.6
\n
Inter-segment revenue is eliminated from revenue above. In the year to 30 June 2026, this amounted to \u00a3144.6m (2025: \u00a3121.1m) for continuing
\n
operations, of which \u00a30.1m (2025: \u00a31.6m) was in Building, \u00a365.7m (2025: \u00a373.6m) was in Infrastructure, \u00a355.1m (2025: \u00a324.5m) was in Investments
\n
and \u00a323.7m (2025: \u00a321.4m) was in central costs.
\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Balance sheet
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
\u00a0 \u00a0
Building
Infrastructure
Investments
Central
Total
30 June 2026
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Goodwill and intangible assets
\u00a0
40.0
65.2
\u2013
\u2013
105.2
Net cash
17
106.4
104.6
(6.9)
54.9
259.0
Non reported segmental net liabilities
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(229.0)
Net assets
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
135.2
Total Group liabilities
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(721.4)
Total Group assets
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
856.6
\u00a0 \u00a0
Building
Infrastructure
Investments
Central
Total
30 June 2025
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Goodwill and intangible assets
\u00a0
40.0
57.0
\u2013
\u2013
97.0
Net cash
17
143.1
115.0
(7.0)
(13.5)
237.6
Non reported segmental net liabilities
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(212.5)
Net assets
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
122.1
Total Group liabilities
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(711.5)
Total Group assets
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
833.6
Other segmental information
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
\u00a0 \u00a0
Building
Infrastructure
Investments
Central
Total
Year ended 30 June 2026
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Contracting revenue
\u00a0
951.0
971.6
\u2013
\u2013
1,922.6
Total depreciation
12 & 13
8.6
14.7
0.4
0.9
24.6
Share-based payments
24
0.3
0.5
0.6
2.8
4.2
Amortisation of intangible assets
10
\u2013
0.9
\u2013
\u2013
0.9
\u00a0 \u00a0
Building
Infrastructure
Investments
Central
Total
Year ended 30 June 2025
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Contracting revenue
\u00a0
964.7
902.5
\u2013
\u2013
1,867.2
Total depreciation
12 & 13
9.0
13.3
0.3
0.9
23.5
Share-based payments
24
0.8
0.6
0.4
1.6
3.4
Amortisation of intangible assets
10
\u2013
0.9
\u2013
\u2013
0.9
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00280": { "value": "3 Revenue
Nature of revenue streams
(i) Building and Infrastructure segments
Our Construction business operates nationwide, working with clients predominantly in the public and regulated sectors. Projects include the
construction of assets (with services including design and build, construction only and refurbishment) in addition to the maintenance, renewal,
upgrading and managing of services across utility and infrastructure assets.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Revenue stream
Nature, timing of satisfaction of performance obligations and signi\ufb01cant payment terms
Fixed price
A number of projects within these segments are undertaken using \ufb01xed-price contracts.
\u00a0
Contracts are typically accounted for as a single performance obligation; even when a contract (or multiple combined
\u00a0
contracts) includes both design and build elements, they are considered to form a single performance obligation as the
\u00a0
two elements are not distinct in the context of the contract given that each is highly interdependent on the other.
\u00a0
The Group typically receives payments from the customer based on a contractual schedule of value that re\ufb02ects the
\u00a0
timing and performance of service delivery. Revenue is recognised over time (the period of construction) based on an input
\u00a0
model (reference to costs incurred to date). The Group also recognises revenue over time on the output method based on
\u00a0
payments from customers on a contractual schedule of value that re\ufb02ects the timing and performance of service delivery
\u00a0
(reference to milestone reached, units delivered or work certi\ufb01ed). Uncerti\ufb01ed amounts are presented as contract assets.
\u00a0
No signi\ufb01cant \ufb01nancing component typically exists in these contracts.
Cost-reimbursable
A number of projects within these segments are undertaken using cost-reimbursable/target-price (possibly with
\u00a0
a pain/gain share mechanism) contracts.
\u00a0
These projects are often delivered under frameworks. Individual performance obligations under the framework
\u00a0
are normally determined at a project level, however, projects are combined where appropriate. Where projects are
\u00a0
combined, the Group constrains revenue and calculates any pain/gain mechanism at the combined level.
\u00a0
The Group typically receives payments from the customer based on actual costs incurred. Revenue is therefore
\u00a0
recognised over time (the period of construction) based on an input model (reference to costs incurred to date).
\u00a0
Uncerti\ufb01ed amounts are presented as contract assets.
\u00a0
No signi\ufb01cant \ufb01nancing component typically exists in these contracts.
Facilities management*
Contracts undertaken within the Building segment that provide full life-cycle solutions to clients, are accounted for
\u00a0
as a single performance obligation, with revenue recognised over time and typically on a straight-line basis.
\n
*
Facilities management represents around 5% of the total Building segment turnover.
(ii) Investments segment
Our Investments business specialises in managing construction through to operations for major building projects through public private
partnerships and co-development opportunities. The business leads bid consortia and arranges \ufb01nance, as well as making debt and equity
investments (which are recycled).
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Revenue stream
Nature, timing of satisfaction of performance obligations and signi\ufb01cant payment terms
Investments
The Group has investments in a number of Public-Private Partnerships (PPP) Special Purpose Vehicles (SPVs), delivering
\u00a0
major building and infrastructure projects.
\u00a0
Development fees and land sales on co-development private rental schemes represent a performance obligation that is
\u00a0
recognised at a point in time when control is deemed to pass to the customer (on \ufb01nancial close).
\u00a0
The business additionally provides management services and project manages developments under Management Service
\u00a0
Agreements (MSA) or separate development arrangements. Revenue for these services is typically recognised over time
\u00a0
as and when the service is delivered to the customer.
Disaggregation of revenue
The Group considers the split of revenue by operating segment to be the most appropriate disaggregation. All revenue in the year has been derived
from performance obligations settled over time (2025: all revenue over time).
Revenue on existing contracts, where performance obligations are unsatis\ufb01ed or partially unsatis\ufb01ed at the balance sheet date, is expected to be
recognised as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0
2029
\u00a0
\u00a0
2027
2028
onwards
Total
Revenue \u2013 year ended 30 June 2026
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Building
723.3
218.4
57.6
999.3
Infrastructure
629.1
237.3
34.5
900.9
Total Construction
1,352.4
455.7
92.1
1,900.2
Investments
2.7
2.3
23.6
28.6
Total transaction price allocated to performance obligations yet to be satis\ufb01ed
1,355.1
458.0
115.7
1,928.8
\u00a0 \u00a0 \u00a0
2028
\u00a0
\u00a0
2026
2027
onwards
Total
Revenue \u2013 year ended 30 June 2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Building
736.6
180.1
56.4
973.1
Infrastructure
500.3
176.3
52.4
729.0
Total Construction
1,236.9
356.4
108.8
1,702.1
Investments
3.1
2.7
24.4
30.2
Total transaction price allocated to performance obligations yet to be satis\ufb01ed
1,240.0
359.1
133.2
1,732.3
\n
Any element of variable consideration is estimated at a value that is highly probable not to result in a signi\ufb01cant reversal in the cumulative
revenue recognised. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00279": { "value": "3 Revenue
Nature of revenue streams
(i) Building and Infrastructure segments
Our Construction business operates nationwide, working with clients predominantly in the public and regulated sectors. Projects include the
construction of assets (with services including design and build, construction only and refurbishment) in addition to the maintenance, renewal,
upgrading and managing of services across utility and infrastructure assets.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Revenue stream
Nature, timing of satisfaction of performance obligations and signi\ufb01cant payment terms
Fixed price
A number of projects within these segments are undertaken using \ufb01xed-price contracts.
\u00a0
Contracts are typically accounted for as a single performance obligation; even when a contract (or multiple combined
\u00a0
contracts) includes both design and build elements, they are considered to form a single performance obligation as the
\u00a0
two elements are not distinct in the context of the contract given that each is highly interdependent on the other.
\u00a0
The Group typically receives payments from the customer based on a contractual schedule of value that re\ufb02ects the
\u00a0
timing and performance of service delivery. Revenue is recognised over time (the period of construction) based on an input
\u00a0
model (reference to costs incurred to date). The Group also recognises revenue over time on the output method based on
\u00a0
payments from customers on a contractual schedule of value that re\ufb02ects the timing and performance of service delivery
\u00a0
(reference to milestone reached, units delivered or work certi\ufb01ed). Uncerti\ufb01ed amounts are presented as contract assets.
\u00a0
No signi\ufb01cant \ufb01nancing component typically exists in these contracts.
Cost-reimbursable
A number of projects within these segments are undertaken using cost-reimbursable/target-price (possibly with
\u00a0
a pain/gain share mechanism) contracts.
\u00a0
These projects are often delivered under frameworks. Individual performance obligations under the framework
\u00a0
are normally determined at a project level, however, projects are combined where appropriate. Where projects are
\u00a0
combined, the Group constrains revenue and calculates any pain/gain mechanism at the combined level.
\u00a0
The Group typically receives payments from the customer based on actual costs incurred. Revenue is therefore
\u00a0
recognised over time (the period of construction) based on an input model (reference to costs incurred to date).
\u00a0
Uncerti\ufb01ed amounts are presented as contract assets.
\u00a0
No signi\ufb01cant \ufb01nancing component typically exists in these contracts.
Facilities management*
Contracts undertaken within the Building segment that provide full life-cycle solutions to clients, are accounted for
\u00a0
as a single performance obligation, with revenue recognised over time and typically on a straight-line basis.
\n
*
Facilities management represents around 5% of the total Building segment turnover.
(ii) Investments segment
Our Investments business specialises in managing construction through to operations for major building projects through public private
partnerships and co-development opportunities. The business leads bid consortia and arranges \ufb01nance, as well as making debt and equity
investments (which are recycled).
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
Revenue stream
Nature, timing of satisfaction of performance obligations and signi\ufb01cant payment terms
Investments
The Group has investments in a number of Public-Private Partnerships (PPP) Special Purpose Vehicles (SPVs), delivering
\u00a0
major building and infrastructure projects.
\u00a0
Development fees and land sales on co-development private rental schemes represent a performance obligation that is
\u00a0
recognised at a point in time when control is deemed to pass to the customer (on \ufb01nancial close).
\u00a0
The business additionally provides management services and project manages developments under Management Service
\u00a0
Agreements (MSA) or separate development arrangements. Revenue for these services is typically recognised over time
\u00a0
as and when the service is delivered to the customer.
Disaggregation of revenue
The Group considers the split of revenue by operating segment to be the most appropriate disaggregation. All revenue in the year has been derived
from performance obligations settled over time (2025: all revenue over time).
Revenue on existing contracts, where performance obligations are unsatis\ufb01ed or partially unsatis\ufb01ed at the balance sheet date, is expected to be
recognised as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0
2029
\u00a0
\u00a0
2027
2028
onwards
Total
Revenue \u2013 year ended 30 June 2026
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Building
723.3
218.4
57.6
999.3
Infrastructure
629.1
237.3
34.5
900.9
Total Construction
1,352.4
455.7
92.1
1,900.2
Investments
2.7
2.3
23.6
28.6
Total transaction price allocated to performance obligations yet to be satis\ufb01ed
1,355.1
458.0
115.7
1,928.8
\u00a0 \u00a0 \u00a0
2028
\u00a0
\u00a0
2026
2027
onwards
Total
Revenue \u2013 year ended 30 June 2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Building
736.6
180.1
56.4
973.1
Infrastructure
500.3
176.3
52.4
729.0
Total Construction
1,236.9
356.4
108.8
1,702.1
Investments
3.1
2.7
24.4
30.2
Total transaction price allocated to performance obligations yet to be satis\ufb01ed
1,240.0
359.1
133.2
1,732.3
\n
Any element of variable consideration is estimated at a value that is highly probable not to result in a signi\ufb01cant reversal in the cumulative
revenue recognised. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00281": { "value": "4 Employees and directors
Employee bene\ufb01t expense during the year
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0 \u00a0
Group
\u00a0
Company
\u00a0
\u00a0 \u00a0
2026
2025
1
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Wages and salaries
\u00a0
280.6
258.3
\u2013
\u2013
Social security costs
\u00a0
36.9
30.2
\u2013
\u2013
Other pension costs
\u00a0
33.7
29.0
\u2013
\u2013
Share-based payments
24
4.2
3.4
\u2013
\u2013
Total
\u00a0
355.4
320.9
\u2013
\u2013
\n
1
During the current year it was identi\ufb01ed that certain comparative employee expenses had been reported based on cash payments rather than the value of services
provided. Comparative information has been restated accordingly. The adjustment had no impact on pro\ufb01t or cash \ufb02ows.
All employees are entitled to join the Galliford Try Pension Scheme, a de\ufb01ned contribution scheme established as a stakeholder plan, with
a Company contribution based on a scale dependent on the employee\u2019s age and the amount they choose to contribute. Since 1 July 2013,
all non-participating and newly employed staff have been auto-enrolled into the separate stakeholder plan and are entitled to increase their
contribution rates in line with existing members. Since 1 April 2009, the Group has operated a pension salary sacri\ufb01ce scheme, which means
that all employee pension contributions are paid as employer contributions on their behalf.
All pension costs in the current and prior years were in respect of the Group\u2019s de\ufb01ned contribution schemes. Of the total charge, \u00a317.4m
(2025: \u00a316.0m) and \u00a316.3m (2025: \u00a313.0m) were included, respectively, within cost of sales and administrative expenses.
Average monthly number of people (including Executive and Non-executive Directors) employed
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
Company
\u00a0
\u00a0
2026
2025
2026
2025
\u00a0
Number
Number
Number
Number
By business:
\u00a0 \u00a0 \u00a0 \u00a0
\u2013 Building
1,369
1,358
\u2013
\u2013
\u2013 Infrastructure
2,736
2,680
\u2013
\u2013
Construction
4,105
4,038
\u2013
\u2013
Investments
60
58
\u2013
\u2013
Central
201
200
6
6
Total
4,366
4,296
6
6
\n
Remuneration of key management personnel
The key management personnel comprise the Executive Board and Non-executive Directors. The remuneration of the key management personnel
of the Group is set out below in aggregate for each of the categories speci\ufb01ed in IAS 24, Related Party Disclosures. Further information about
the remuneration of individual directors, including any interests in the Company\u2019s shares, is provided in the audited part of the Directors\u2019
Remuneration report.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Salaries and short-term employee bene\ufb01ts
6.1
4.7
Retirement bene\ufb01t costs
0.3
0.3
Share-based payments
3.1
2.1
Total
9.5
7.1
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00264": { "value": "4 Employees and directors
Employee bene\ufb01t expense during the year
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0 \u00a0
Group
\u00a0
Company
\u00a0
\u00a0 \u00a0
2026
2025
1
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Wages and salaries
\u00a0
280.6
258.3
\u2013
\u2013
Social security costs
\u00a0
36.9
30.2
\u2013
\u2013
Other pension costs
\u00a0
33.7
29.0
\u2013
\u2013
Share-based payments
24
4.2
3.4
\u2013
\u2013
Total
\u00a0
355.4
320.9
\u2013
\u2013
\n
1
During the current year it was identi\ufb01ed that certain comparative employee expenses had been reported based on cash payments rather than the value of services
provided. Comparative information has been restated accordingly. The adjustment had no impact on pro\ufb01t or cash \ufb02ows.
All employees are entitled to join the Galliford Try Pension Scheme, a de\ufb01ned contribution scheme established as a stakeholder plan, with
a Company contribution based on a scale dependent on the employee\u2019s age and the amount they choose to contribute. Since 1 July 2013,
all non-participating and newly employed staff have been auto-enrolled into the separate stakeholder plan and are entitled to increase their
contribution rates in line with existing members. Since 1 April 2009, the Group has operated a pension salary sacri\ufb01ce scheme, which means
that all employee pension contributions are paid as employer contributions on their behalf.
All pension costs in the current and prior years were in respect of the Group\u2019s de\ufb01ned contribution schemes. Of the total charge, \u00a317.4m
(2025: \u00a316.0m) and \u00a316.3m (2025: \u00a313.0m) were included, respectively, within cost of sales and administrative expenses.
Average monthly number of people (including Executive and Non-executive Directors) employed
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
Company
\u00a0
\u00a0
2026
2025
2026
2025
\u00a0
Number
Number
Number
Number
By business:
\u00a0 \u00a0 \u00a0 \u00a0
\u2013 Building
1,369
1,358
\u2013
\u2013
\u2013 Infrastructure
2,736
2,680
\u2013
\u2013
Construction
4,105
4,038
\u2013
\u2013
Investments
60
58
\u2013
\u2013
Central
201
200
6
6
Total
4,366
4,296
6
6
\n
Remuneration of key management personnel
The key management personnel comprise the Executive Board and Non-executive Directors. The remuneration of the key management personnel
of the Group is set out below in aggregate for each of the categories speci\ufb01ed in IAS 24, Related Party Disclosures. Further information about
the remuneration of individual directors, including any interests in the Company\u2019s shares, is provided in the audited part of the Directors\u2019
Remuneration report.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Salaries and short-term employee bene\ufb01ts
6.1
4.7
Retirement bene\ufb01t costs
0.3
0.3
Share-based payments
3.1
2.1
Total
9.5
7.1
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00263": { "value": "Remuneration of key management personnel
The key management personnel comprise the Executive Board and Non-executive Directors. The remuneration of the key management personnel
of the Group is set out below in aggregate for each of the categories speci\ufb01ed in IAS 24, Related Party Disclosures. Further information about
the remuneration of individual directors, including any interests in the Company\u2019s shares, is provided in the audited part of the Directors\u2019
Remuneration report.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Salaries and short-term employee bene\ufb01ts
6.1
4.7
Retirement bene\ufb01t costs
0.3
0.3
Share-based payments
3.1
2.1
Total
9.5
7.1
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00282": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00283": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00285": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00286": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00287": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00284": { "value": "5 Net \ufb01nance income \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
Finance income on bank deposits
6.1
5.2
Finance income from PPP investments and joint ventures
3.8
3.7
Finance income
9.9
8.9
Finance costs on lease liabilities
(3.3)
(3.5)
Other \ufb01nance costs
(0.2)
(1.0)
Finance costs
(3.5)
(4.5)
Net \ufb01nance income
6.4
4.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00289": { "value": "6 Pro\ufb01t before income tax
The following items have been included in arriving at pro\ufb01t before income tax:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Employee bene\ufb01t expense
4
355.4
320.9
Total depreciation
12 & 13
24.6
23.5
Amortisation and impairment of intangible assets
10
0.9
0.9
Repairs and maintenance expenditure on property, plant and equipment
\u00a0
1.5
1.5
\n
In addition to the above, the Group incurs other costs classi\ufb01ed as cost of sales relating to labour, materials and subcontractors\u2019 costs.
Services provided by the Group\u2019s auditor and network \ufb01rms
During the year, the Group obtained the following services from the Group\u2019s auditor at costs as detailed below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Fees payable to the Company\u2019s auditor for the audit of Parent Company and consolidated \ufb01nancial statements
0.2
0.2
Fees payable to the Company\u2019s auditor for other services:
\u00a0 \u00a0
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries
1.9
2.2
Audit-related assurance services
0.1
0.1
Total other services
2.0
2.3
Total
2.2
2.5
\n
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries for 2025 includes an amount in respect of additional costs related to the 2024 audit.
A description of the work of the Audit Committee in respect of the auditor\u2019s independence is set out in the Governance report.", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00288": { "value": "6 Pro\ufb01t before income tax
The following items have been included in arriving at pro\ufb01t before income tax:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Employee bene\ufb01t expense
4
355.4
320.9
Total depreciation
12 & 13
24.6
23.5
Amortisation and impairment of intangible assets
10
0.9
0.9
Repairs and maintenance expenditure on property, plant and equipment
\u00a0
1.5
1.5
\n
In addition to the above, the Group incurs other costs classi\ufb01ed as cost of sales relating to labour, materials and subcontractors\u2019 costs.
Services provided by the Group\u2019s auditor and network \ufb01rms
During the year, the Group obtained the following services from the Group\u2019s auditor at costs as detailed below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Fees payable to the Company\u2019s auditor for the audit of Parent Company and consolidated \ufb01nancial statements
0.2
0.2
Fees payable to the Company\u2019s auditor for other services:
\u00a0 \u00a0
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries
1.9
2.2
Audit-related assurance services
0.1
0.1
Total other services
2.0
2.3
Total
2.2
2.5
\n
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries for 2025 includes an amount in respect of additional costs related to the 2024 audit.
A description of the work of the Audit Committee in respect of the auditor\u2019s independence is set out in the Governance report. ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00291": { "value": "Services provided by the Group\u2019s auditor and network \ufb01rms
During the year, the Group obtained the following services from the Group\u2019s auditor at costs as detailed below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Fees payable to the Company\u2019s auditor for the audit of Parent Company and consolidated \ufb01nancial statements
0.2
0.2
Fees payable to the Company\u2019s auditor for other services:
\u00a0 \u00a0
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries
1.9
2.2
Audit-related assurance services
0.1
0.1
Total other services
2.0
2.3
Total
2.2
2.5
\n
The audit of \ufb01nancial statements of the Company\u2019s subsidiaries for 2025 includes an amount in respect of additional costs related to the 2024 audit.
A description of the work of the Audit Committee in respect of the auditor\u2019s independence is set out in the Governance report.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00292": { "value": "7 Income tax charge \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
2026
2025
Group
Notes
\u00a3m
\u00a3m
Analysis of expense in year
\u00a0 \u00a0 \u00a0
Current year\u2019s income tax
\u00a0 \u00a0 \u00a0
Current tax
\u00a0
7.3
4.6
Deferred tax
21
6.4
6.2
Adjustments in respect of prior years
\u00a0 \u00a0 \u00a0
Current tax
\u00a0
0.5
\u2013
Deferred tax
21
(0.4)
(0.3)
Income tax expense
\u00a0
13.8
10.5
Tax on items recognised in other comprehensive income
\u00a0 \u00a0 \u00a0
Tax recognised in other comprehensive income
\u00a0
\u2013
\u2013
Total tax expense
\u00a0
13.8
10.5
\n
The total income tax charge for the year of \u00a313.8m (2025: \u00a310.5m) is in line with (2025: lower than) the expected charge based on the standard rate
of corporation tax in the UK of 25.0% (2025: 25.0%). The differences are explained below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Pro\ufb01t before income tax
55.0
44.1
Pro\ufb01t before income tax multiplied by the standard corporation tax rate in the UK of 25.0% (2025: 25.0%)
13.8
11.0
Effects of:
\u00a0 \u00a0
Expenses not deductible for tax purposes
0.2
\u2013
Non-taxable income
(0.1)
(0.2)
Adjustments in respect of prior years
0.1
(0.3)
Other
(0.2)
\u2013
Income tax expense
13.8
10.5
\n
The Group is within the scope of OECD Pillar Two rules. The rules are designed to ensure a minimum effective tax rate of 15% across each country
of operation.
The rules were enacted into UK law in July 2023 and were effective from 1 July 2024 to the Group. Due to the Group trading only in the UK,
there was no signi\ufb01cant impact as a result of the implementation of the rules, however the Group continues to review any potential implications
with advisers. 21 Deferred income tax
Deferred income tax is calculated in full on temporary differences under the liability method and is measured at the average tax rates that are
expected to apply in the periods in which the timing differences are expected to reverse.
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current income tax assets against current
income tax liabilities. The net deferred tax position at 30 June was:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Deferred income tax assets
5.9
11.6
Deferred income tax liabilities
(1.1)
(0.6)
Net deferred income tax
4.8
11.0
\n\n\n\n\n\n
The movement for the year in the net deferred income tax account is as shown below:
Group
2026
2025
\u00a3m
\u00a3m
At 1 July
11.0
17.9
Current year\u2019s deferred income tax \u2013 expense taken to income statement
(6.4)
(6.2)
Current year\u2019s deferred income tax \u2013 credit taken to equity
0.1
1.2
Adjustment in respect of prior years \u2013 credit taken to income statement
0.4
0.3
Transfer to current tax assets
\u2013
(2.2)
Acquisition of subsidiaries
(0.3)
\u2013
At 30 June
4.8
11.0
\n
All remaining material tax losses have now been recognised.
\n
Movements in deferred income tax assets and liabilities during the year are shown below:
\n
The Company has a deferred tax asset of \u00a30.8m relating to timing differences on share-based payments (2025: \u00a30.7m).
\n
Deferred income tax assets
Share-based
payments
Tax losses
Other
1
Total
Group
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
1.1
14.8
2.6
18.5
Credit/(expense) in respect of current year taken to income statement
0.1
(5.9)
(0.4)
(6.2)
Credit/(expense) in respect of prior years taken to income statement
\u2013
0.5
(0.2)
0.3
Net transfer (from)/to current tax income tax asset
\u2013
(2.3)
0.1
(2.2)
Credit in respect of prior years taken to equity
1.2
\u2013
\u2013
1.2
At 30 June 2025
2.4
7.1
2.1
11.6
Credit/(expense) in respect of current year taken to income statement
0.3
(6.1)
(0.5)
(6.3)
Credit in respect of prior years taken to income statement
\u2013
0.5
\u2013
0.5
Credit in respect of current year taken to equity
0.1
\u2013
\u2013
0.1
At 30 June 2026
2.8
1.5
1.6
5.9
\n
1
Deferred tax assets included in the \u2018Other\u2019 category relate predominantly to future income tax deductions available from IFRS transition adjustments in respect of
\n
IFRS 15 and IFRS 9 which are expected to be utilised over the next three years in line with the requirements of tax legislation.
\n
The Company has a deferred tax asset of \u00a30.8m (2025: \u00a30.7m) relating to share-based payments.
\n
Deferred income tax liabilities
Accelerated
Intangible
tax
assets
depreciation
acquired
Total
Group
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024 and 30 June 2025
\u2013
(0.6)
(0.6)
Expense in respect of current year taken to income statement
\u2013
(0.1)
(0.1)
Expense in respect of prior years taken to income statement
(0.1)
\u2013
(0.1)
Acquisition of subsidiaries
\u2013
(0.3)
(0.3)
At 30 June 2026
(0.1)
(1.0)
(1.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00293": { "value": "8 Dividends \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0 \u00a0
pence per
\u00a0
pence per
Group and Company
\u00a3m
share
\u00a3m
share
Previous year \ufb01nal
13.8
13.5
11.9
11.5
Current year interim
6.5
6.5
5.6
5.5
Dividend recognised in the year
20.3
20.0
17.5
17.0
\n
The following dividends were declared by the Company in respect of each accounting period presented:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0 \u00a0
pence per
\u00a0
pence per
\u00a0
\u00a3m
share
\u00a3m
share
Interim
6.5
6.5
5.6
5.5
Final
17.1
17.0
13.8
13.5
Dividend relating to the year
23.6
23.5
19.4
19.0
\n
The directors are proposing a \ufb01nal dividend in respect of the \ufb01nancial year ended 30 June 2026 of 17.0 pence per share (2025: 13.5 pence per share),
bringing the total dividend in respect of 2026 to 23.5 pence per share (2025: 19.0p pence per share). The \ufb01nal dividend will absorb approximately
\u00a317.1m (2025: \u00a313.8m) of equity. Subject to shareholders\u2019 approval at the AGM to be held on 12 November 2026, the dividend will be paid on
4 December 2026 to shareholders who are on the register of members at the close of business on 6 November 2026. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00295": { "value": "0.20", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00294": { "value": "0.17", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00297": { "value": "0.17", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00296": { "value": "0.135", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00298": { "value": "17100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00", "unit": "iso4217:GBP" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00299": { "value": "13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2024-07-01T00:00:00/2025-07-01T00:00:00", "unit": "iso4217:GBP" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00300": { "value": "9 Earnings per share
Basic and diluted earnings per share (EPS)
Basic EPS is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares
outstanding during the year, excluding those held by the Trust, which are treated as cancelled.
Under normal circumstances, the average number of shares is diluted by reference to the average number of potential ordinary shares held
under option in the year. The dilutive effect amounts to the number of ordinary shares which would be purchased using the aggregate difference in
value between the market value of shares and the share option price. Only shares that have met their cumulative performance criteria are included
in the dilution calculation. The Group has two classes of potentially dilutive ordinary shares: those share options granted to employees where the
exercise price is less than the average market price of the Company\u2019s ordinary shares during the year, and the contingently issuable shares under
the Group\u2019s long-term incentive plans. A loss per share cannot be reduced through dilution, hence this dilution is only applied where the Group
has reported a pro\ufb01t.
The earnings and weighted average number of shares used in the calculations are set out below.
\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
2026
\u00a0 \u00a0
2025
\u00a0
\u00a0 \u00a0
Weighted
\u00a0 \u00a0
Weighted
\u00a0
\u00a0 \u00a0
average
Per share
\u00a0
average
Per share
\u00a0
Earnings
number of
amount
Earnings
number of
amount
\u00a0
\u00a3m
shares
pence
\u00a3m
shares
pence
Basic EPS
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Earnings attributable to ordinary shareholders
41.2
98,876,195
41.7
33.6
99,627,362
33.7
Basic EPS \u2013 Adjusted (note 31)
1
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Adjusted earnings attributable to
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
ordinary shareholders
41.9
98,876,195
42.4
34.3
99,627,362
34.4
Effect of dilutive securities:
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Options
n/a
4,392,345
n/a
n/a
4,668,120
n/a
Diluted EPS
41.2
103,268,540
39.9
33.6
104,295,482
32.2
Diluted EPS \u2013 Adjusted (note 31)
1
41.9
103,268,540
40.6
34.3
104,295,482
32.9
\n
1
Adjusted EPS \u2013 The adjusted measure excludes the amortisation of acquired intangible assets. Refer to note 31 for further details. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00290": { "value": "10 Intangible assets \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0 \u00a0
Customer
\u00a0 \u00a0
\u00a0 \u00a0
contracts and
Computer
\u00a0
\u00a0 \u00a0
relationships
software
Total
Group
Notes
\u00a3m
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
18.7
11.5
30.2
Disposals
\u00a0
\u2013
(10.9)
(10.9)
At 30 June 2025
\u00a0
18.7
0.6
19.3
Additions
29
1.0
\u2013
1.0
At 30 June 2026
\u00a0
19.7
0.6
20.3
Accumulated amortisation and impairment loss
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
(14.4)
(11.5)
(25.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
Disposals
\u00a0
\u2013
10.9
10.9
At 30 June 2025
\u00a0
(15.3)
(0.6)
(15.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
At 30 June 2026
\u00a0
(16.2)
(0.6)
(16.8)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
\u00a0
3.5
\u2013
3.5
At 30 June 2025
\u00a0
3.4
\u2013
3.4
At 30 June 2024
\u00a0
4.3
\u2013
4.3
\n
All amortisation charges in the year have been included in administrative expenses. Computer software relates to the Group\u2019s reporting systems.
The remaining period of amortisation on customer contracts and relationships ranges between two and six years.12 Property, plant and equipment \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Fixtures
\u00a0
\u00a0
buildings
machinery
and \ufb01ttings
Total
Group
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
3.3
1.4
4.8
9.5
Additions
1.4
0.1
0.9
2.4
Disposals
\u2013
\u2013
(1.1)
(1.1)
At 30 June 2025
4.7
1.5
4.6
10.8
Additions
0.9
0.8
0.1
1.8
Disposals
\u2013
\u2013
(0.8)
(0.8)
At 30 June 2026
5.6
2.3
3.9
11.8
Accumulated depreciation
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
(1.0)
(0.2)
(3.0)
(4.2)
Charge for the year
(0.4)
(0.5)
(0.8)
(1.7)
Disposals
\u2013
\u2013
1.1
1.1
At 30 June 2025
(1.4)
(0.7)
(2.7)
(4.8)
Charge for the year
(0.4)
(0.3)
(0.7)
(1.4)
Disposals
\u2013
\u2013
0.8
0.8
At 30 June 2026
(1.8)
(1.0)
(2.6)
(5.4)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
3.8
1.3
1.3
6.4
At 30 June 2025
3.3
0.8
1.9
6.0
At 30 June 2024
2.3
1.2
1.8
5.3
\n
There has been no impairment of property, plant and equipment during the year (2025: \u00a3nil).
The Company has no property, plant or equipment.
13 Leases
This note provides information for leases where the Group is a lessee.
The Company holds no leases.
Right-of-use assets
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
Cost
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 30 June 2025
19.1
16.0
56.6
91.7
At 30 June 2026
18.4
13.1
61.9
93.4
Accumulated depreciation
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2025
(6.7)
(8.4)
(25.5)
(40.6)
At 30 June 2026
(8.5)
(6.1)
(33.5)
(48.1)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
9.9
7.0
28.4
45.3
At 30 June 2025
12.4
7.6
31.1
51.1
\n
Additions to the right-of-use assets during the 2026 \ufb01nancial year were \u00a317.3m (2025: \u00a323.9m).
Lease liabilities
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Current
22.5
22.7
Non-current
25.3
31.1
Total lease liabilities
47.8
53.8
\n
Movement in Lease liabilities from \ufb01nancing activities
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Interest
\u00a0
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
payments
\u00a0
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(presented
\u00a0
\u00a0
Opening
Financing
New
Interest
as operating
Closing
\u00a0
balance
cash \ufb02ows
leases
expense
cash \ufb02ows)
balance
\u00a0
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
2025
53.0
(21.2)
22.0
3.5
(3.5)
53.8
2026
53.8
(23.3)
17.3
3.3
(3.3)
47.8
\n
The consolidated income statement shows the following amounts relating to leases for continuing operations:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Depreciation of right-of-use assets:
\u00a0 \u00a0
\u2013 Land and buildings
2.7
2.5
\u2013 Plant and machinery
5.3
5.7
\u2013 Motor vehicles
15.2
13.6
Interest expense (included in \ufb01nance cost)
3.3
3.5
Expense relating to short-term leases (included in cost of sales and administrative expenses)
20.4
16.8
Expense relating to leases of low-value assets that are not shown above as short-term leases
\u00a0 \u00a0
(included in administrative expenses)
2.3
1.2
Total expenses
49.2
43.3
\n
The total cash out\ufb02ow for leases in the year to 30 June 2026 was \u00a326.6m, of which \u00a33.3m was included in net interest expense \u2013 note 5
(2025: \u00a324.7m and \u00a33.5m respectively).
Maturity of contractual undiscounted future lease payments:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
As at 30 June 2026
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Less than 1 year
2.8
3.3
16.4
22.5
Between 1 and 5 years
7.0
4.4
16.5
27.9
More than 5 years
5.7
\u2013
\u2013
5.7
Total
15.5
7.7
32.9
56.1
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
As at 30 June 2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Less than 1 year
3.1
4.6
15.0
22.7
Between 1 and 5 years
8.1
3.6
21.2
32.9
More than 5 years
6.9
0.1
\u2013
7.0
Total
18.1
8.3
36.2
62.6
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00302": { "value": "10 Intangible assets \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0 \u00a0
Customer
\u00a0 \u00a0
\u00a0 \u00a0
contracts and
Computer
\u00a0
\u00a0 \u00a0
relationships
software
Total
Group
Notes
\u00a3m
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
18.7
11.5
30.2
Disposals
\u00a0
\u2013
(10.9)
(10.9)
At 30 June 2025
\u00a0
18.7
0.6
19.3
Additions
29
1.0
\u2013
1.0
At 30 June 2026
\u00a0
19.7
0.6
20.3
Accumulated amortisation and impairment loss
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
(14.4)
(11.5)
(25.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
Disposals
\u00a0
\u2013
10.9
10.9
At 30 June 2025
\u00a0
(15.3)
(0.6)
(15.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
At 30 June 2026
\u00a0
(16.2)
(0.6)
(16.8)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
\u00a0
3.5
\u2013
3.5
At 30 June 2025
\u00a0
3.4
\u2013
3.4
At 30 June 2024
\u00a0
4.3
\u2013
4.3
\n
All amortisation charges in the year have been included in administrative expenses. Computer software relates to the Group\u2019s reporting systems.
The remaining period of amortisation on customer contracts and relationships ranges between two and six years.", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00301": { "value": "10 Intangible assets \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0 \u00a0
Customer
\u00a0 \u00a0
\u00a0 \u00a0
contracts and
Computer
\u00a0
\u00a0 \u00a0
relationships
software
Total
Group
Notes
\u00a3m
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
18.7
11.5
30.2
Disposals
\u00a0
\u2013
(10.9)
(10.9)
At 30 June 2025
\u00a0
18.7
0.6
19.3
Additions
29
1.0
\u2013
1.0
At 30 June 2026
\u00a0
19.7
0.6
20.3
Accumulated amortisation and impairment loss
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
\u00a0
(14.4)
(11.5)
(25.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
Disposals
\u00a0
\u2013
10.9
10.9
At 30 June 2025
\u00a0
(15.3)
(0.6)
(15.9)
Amortisation in year
\u00a0
(0.9)
\u2013
(0.9)
At 30 June 2026
\u00a0
(16.2)
(0.6)
(16.8)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
\u00a0
3.5
\u2013
3.5
At 30 June 2025
\u00a0
3.4
\u2013
3.4
At 30 June 2024
\u00a0
4.3
\u2013
4.3
\n
All amortisation charges in the year have been included in administrative expenses. Computer software relates to the Group\u2019s reporting systems.
The remaining period of amortisation on customer contracts and relationships ranges between two and six years.
11 Goodwill
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
Notes
\u00a3m
Cost
\u00a0 \u00a0
At 1 July 2024 and 30 June 2025
\u00a0
93.6
Additions
29
8.1
At 30 June 2026
\u00a0
101.7
Accumulated impairment loss
\u00a0 \u00a0
At 1 July 2024, 30 June 2025 and 30 June 2026
\u00a0
\u2013
Net book amount
\u00a0 \u00a0
At 30 June 2026
\u00a0
101.7
At 30 June 2025
\u00a0
93.6
At 30 June 2024
\u00a0
93.6
\n
Goodwill is allocated to the Group\u2019s CGUs identi\ufb01ed according to business segment. The goodwill is attributable to the following business segments:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Building
40.0
40.0
Infrastructure
61.7
53.6
\u00a0
101.7
93.6
Impairment review of goodwill and key assumptions
Goodwill is tested for impairment at least annually. The recoverable amount of a CGU is determined based on value in use calculations.
These calculations use pre-tax cash \ufb02ow projections based on future \ufb01nancial budgets approved by the Board, based on past performance and
its expectation of market developments. The key assumptions within these budgets relate to revenue and the future pro\ufb01t margin achievable,
in line with our strategy and targets as set out in the Strategic report. Future budgeted revenue is based on management\u2019s knowledge of actual
results from prior years and latest forecasts for the current year, along with the existing secured works and management\u2019s expectation of the
future level of work available within the market sector. In establishing future pro\ufb01t margins, the margins currently being achieved are considered
in conjunction with expected in\ufb02ation rates in each revenue and cost category. In Building and Infrastructure, the margins currently being achieved
are expected to increase in line with the strategy set out in the Strategic report.
Cash is monitored on a daily, weekly and monthly basis for the purposes of managing both treasury and the business as a whole. Details of the
Group\u2019s treasury management are included within the Financial review in the Strategic report of the Annual Report. The assumptions used
are reviewed regularly and differences between forecast and actual results are closely monitored, with variances being investigated fully.
The knowledge gained from this past experience is used to ensure that the future assumptions used are consistent with past actual outcomes
and are management\u2019s best estimate of the future cash \ufb02ows of each business unit.
Cash \ufb02ows beyond the budgeted three-year period are extrapolated using an estimated growth rate within each segment. The growth rate used is
the Group\u2019s estimate of the average long-term growth rate for the market sectors in which the CGU operates. Furthermore, sensitivity analysis has
been undertaken on each goodwill impairment review, by changing the discount rates, pro\ufb01t margins, growth rates and other variables applicable to
each CGU, and the results are noted below.
The pre-tax discount rates for each CGU are noted below.
Building CGU
A pre-tax discount rate of 12.8% (2025: 13.2%) in Building has been applied to the future cash \ufb02ows, based on an estimate of the weighted average
cost of capital (WACC) of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash \ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Building CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change in any
single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of goodwill
and intangibles.
Infrastructure CGU
A pre-tax discount rate of 12.8% (2025: 13.1%) in Infrastructure has been applied to the future cash \ufb02ows, based on an estimate of the weighted
average cost of capital of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash\ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Infrastructure CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change
in any single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of
goodwill and intangibles. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00303": { "value": "11 Goodwill \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
Notes
\u00a3m
Cost
\u00a0 \u00a0
At 1 July 2024 and 30 June 2025
\u00a0
93.6
Additions
29
8.1
At 30 June 2026
\u00a0
101.7
Accumulated impairment loss
\u00a0 \u00a0
At 1 July 2024, 30 June 2025 and 30 June 2026
\u00a0
\u2013
Net book amount
\u00a0 \u00a0
At 30 June 2026
\u00a0
101.7
At 30 June 2025
\u00a0
93.6
At 30 June 2024
\u00a0
93.6
\n
Goodwill is allocated to the Group\u2019s CGUs identi\ufb01ed according to business segment. The goodwill is attributable to the following business segments:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Building
40.0
40.0
Infrastructure
61.7
53.6
\u00a0
101.7
93.6
Impairment review of goodwill and key assumptions
Goodwill is tested for impairment at least annually. The recoverable amount of a CGU is determined based on value in use calculations.
These calculations use pre-tax cash \ufb02ow projections based on future \ufb01nancial budgets approved by the Board, based on past performance and
its expectation of market developments. The key assumptions within these budgets relate to revenue and the future pro\ufb01t margin achievable,
in line with our strategy and targets as set out in the Strategic report. Future budgeted revenue is based on management\u2019s knowledge of actual
results from prior years and latest forecasts for the current year, along with the existing secured works and management\u2019s expectation of the
future level of work available within the market sector. In establishing future pro\ufb01t margins, the margins currently being achieved are considered
in conjunction with expected in\ufb02ation rates in each revenue and cost category. In Building and Infrastructure, the margins currently being achieved
are expected to increase in line with the strategy set out in the Strategic report.
Cash is monitored on a daily, weekly and monthly basis for the purposes of managing both treasury and the business as a whole. Details of the
Group\u2019s treasury management are included within the Financial review in the Strategic report of the Annual Report. The assumptions used
are reviewed regularly and differences between forecast and actual results are closely monitored, with variances being investigated fully.
The knowledge gained from this past experience is used to ensure that the future assumptions used are consistent with past actual outcomes
and are management\u2019s best estimate of the future cash \ufb02ows of each business unit.
Cash \ufb02ows beyond the budgeted three-year period are extrapolated using an estimated growth rate within each segment. The growth rate used is
the Group\u2019s estimate of the average long-term growth rate for the market sectors in which the CGU operates. Furthermore, sensitivity analysis has
been undertaken on each goodwill impairment review, by changing the discount rates, pro\ufb01t margins, growth rates and other variables applicable to
each CGU, and the results are noted below.
The pre-tax discount rates for each CGU are noted below.
Building CGU
A pre-tax discount rate of 12.8% (2025: 13.2%) in Building has been applied to the future cash \ufb02ows, based on an estimate of the weighted average
cost of capital (WACC) of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash \ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Building CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change in any
single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of goodwill
and intangibles.
Infrastructure CGU
A pre-tax discount rate of 12.8% (2025: 13.1%) in Infrastructure has been applied to the future cash \ufb02ows, based on an estimate of the weighted
average cost of capital of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash\ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Infrastructure CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change
in any single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of
goodwill and intangibles. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00304": { "value": "Impairment review of goodwill and key assumptions
Goodwill is tested for impairment at least annually. The recoverable amount of a CGU is determined based on value in use calculations.
These calculations use pre-tax cash \ufb02ow projections based on future \ufb01nancial budgets approved by the Board, based on past performance and
its expectation of market developments. The key assumptions within these budgets relate to revenue and the future pro\ufb01t margin achievable,
in line with our strategy and targets as set out in the Strategic report. Future budgeted revenue is based on management\u2019s knowledge of actual
results from prior years and latest forecasts for the current year, along with the existing secured works and management\u2019s expectation of the
future level of work available within the market sector. In establishing future pro\ufb01t margins, the margins currently being achieved are considered
in conjunction with expected in\ufb02ation rates in each revenue and cost category. In Building and Infrastructure, the margins currently being achieved
are expected to increase in line with the strategy set out in the Strategic report.
Cash is monitored on a daily, weekly and monthly basis for the purposes of managing both treasury and the business as a whole. Details of the
Group\u2019s treasury management are included within the Financial review in the Strategic report of the Annual Report. The assumptions used
are reviewed regularly and differences between forecast and actual results are closely monitored, with variances being investigated fully.
The knowledge gained from this past experience is used to ensure that the future assumptions used are consistent with past actual outcomes
and are management\u2019s best estimate of the future cash \ufb02ows of each business unit.
Cash \ufb02ows beyond the budgeted three-year period are extrapolated using an estimated growth rate within each segment. The growth rate used is
the Group\u2019s estimate of the average long-term growth rate for the market sectors in which the CGU operates. Furthermore, sensitivity analysis has
been undertaken on each goodwill impairment review, by changing the discount rates, pro\ufb01t margins, growth rates and other variables applicable to
each CGU, and the results are noted below.
The pre-tax discount rates for each CGU are noted below.
Building CGU
A pre-tax discount rate of 12.8% (2025: 13.2%) in Building has been applied to the future cash \ufb02ows, based on an estimate of the weighted average
cost of capital (WACC) of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash \ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Building CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change in any
single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of goodwill
and intangibles.
Infrastructure CGU
A pre-tax discount rate of 12.8% (2025: 13.1%) in Infrastructure has been applied to the future cash \ufb02ows, based on an estimate of the weighted
average cost of capital of that division.
A long-term growth rate of 2.0% (2025: 2.0%) per annum has been applied to the budgeted cash \ufb02ows (re\ufb02ecting the Board-approved budget
operating margins and working capital cash\ufb02ows) into perpetuity and these assumptions result in the recoverable value of this CGU being
signi\ufb01cantly in excess of the carrying value of the CGU assets.
The Infrastructure CGU is not sensitive to changes in key assumptions and management does not consider that any reasonable possible change
in any single assumption or combination of reasonable possible changes in assumptions would give rise to an impairment of the carrying value of
goodwill and intangibles. ", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00305": { "value": "12 Property, plant and equipment \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Fixtures
\u00a0
\u00a0
buildings
machinery
and \ufb01ttings
Total
Group
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
3.3
1.4
4.8
9.5
Additions
1.4
0.1
0.9
2.4
Disposals
\u2013
\u2013
(1.1)
(1.1)
At 30 June 2025
4.7
1.5
4.6
10.8
Additions
0.9
0.8
0.1
1.8
Disposals
\u2013
\u2013
(0.8)
(0.8)
At 30 June 2026
5.6
2.3
3.9
11.8
Accumulated depreciation
\u00a0 \u00a0 \u00a0 \u00a0
At 1 July 2024
(1.0)
(0.2)
(3.0)
(4.2)
Charge for the year
(0.4)
(0.5)
(0.8)
(1.7)
Disposals
\u2013
\u2013
1.1
1.1
At 30 June 2025
(1.4)
(0.7)
(2.7)
(4.8)
Charge for the year
(0.4)
(0.3)
(0.7)
(1.4)
Disposals
\u2013
\u2013
0.8
0.8
At 30 June 2026
(1.8)
(1.0)
(2.6)
(5.4)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
3.8
1.3
1.3
6.4
At 30 June 2025
3.3
0.8
1.9
6.0
At 30 June 2024
2.3
1.2
1.8
5.3
\n
There has been no impairment of property, plant and equipment during the year (2025: \u00a3nil).
The Company has no property, plant or equipment.", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00306": { "value": "13 Leases
This note provides information for leases where the Group is a lessee.
The Company holds no leases.
Right-of-use assets
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
Cost
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 30 June 2025
19.1
16.0
56.6
91.7
At 30 June 2026
18.4
13.1
61.9
93.4
Accumulated depreciation
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2025
(6.7)
(8.4)
(25.5)
(40.6)
At 30 June 2026
(8.5)
(6.1)
(33.5)
(48.1)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
9.9
7.0
28.4
45.3
At 30 June 2025
12.4
7.6
31.1
51.1
\n
Additions to the right-of-use assets during the 2026 \ufb01nancial year were \u00a317.3m (2025: \u00a323.9m).
Lease liabilities
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Current
22.5
22.7
Non-current
25.3
31.1
Total lease liabilities
47.8
53.8
\n
Movement in Lease liabilities from \ufb01nancing activities
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Interest
\u00a0
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
payments
\u00a0
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0
(presented
\u00a0
\u00a0
Opening
Financing
New
Interest
as operating
Closing
\u00a0
balance
cash \ufb02ows
leases
expense
cash \ufb02ows)
balance
\u00a0
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
2025
53.0
(21.2)
22.0
3.5
(3.5)
53.8
2026
53.8
(23.3)
17.3
3.3
(3.3)
47.8
\n
The consolidated income statement shows the following amounts relating to leases for continuing operations:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Depreciation of right-of-use assets:
\u00a0 \u00a0
\u2013 Land and buildings
2.7
2.5
\u2013 Plant and machinery
5.3
5.7
\u2013 Motor vehicles
15.2
13.6
Interest expense (included in \ufb01nance cost)
3.3
3.5
Expense relating to short-term leases (included in cost of sales and administrative expenses)
20.4
16.8
Expense relating to leases of low-value assets that are not shown above as short-term leases
\u00a0 \u00a0
(included in administrative expenses)
2.3
1.2
Total expenses
49.2
43.3
\n
The total cash out\ufb02ow for leases in the year to 30 June 2026 was \u00a326.6m, of which \u00a33.3m was included in net interest expense \u2013 note 5
(2025: \u00a324.7m and \u00a33.5m respectively).
Maturity of contractual undiscounted future lease payments:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
As at 30 June 2026
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Less than 1 year
2.8
3.3
16.4
22.5
Between 1 and 5 years
7.0
4.4
16.5
27.9
More than 5 years
5.7
\u2013
\u2013
5.7
Total
15.5
7.7
32.9
56.1
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
As at 30 June 2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Less than 1 year
3.1
4.6
15.0
22.7
Between 1 and 5 years
8.1
3.6
21.2
32.9
More than 5 years
6.9
0.1
\u2013
7.0
Total
18.1
8.3
36.2
62.6
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00307": { "value": "Right-of-use assets \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Land and
Plant and
Motor
\u00a0
\u00a0
buildings
machinery
vehicles
Total
Cost
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 30 June 2025
19.1
16.0
56.6
91.7
At 30 June 2026
18.4
13.1
61.9
93.4
Accumulated depreciation
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2025
(6.7)
(8.4)
(25.5)
(40.6)
At 30 June 2026
(8.5)
(6.1)
(33.5)
(48.1)
Net book amount
\u00a0 \u00a0 \u00a0 \u00a0
At 30 June 2026
9.9
7.0
28.4
45.3
At 30 June 2025
12.4
7.6
31.1
51.1
\nAdditions to the right-of-use assets during the 2026 \ufb01nancial year were \u00a317.3m (2025: \u00a323.9m). ", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00308": { "value": "14 Investments in subsidiaries \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Company
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0
At 1 July
189.7
189.2
Additions
0.6
0.5
At 30 June
190.3
189.7
Aggregate impairment
\u00a0 \u00a0
At 1 July
\u2013
\u2013
At 30 June
\u2013
\u2013
Net book value
\u00a0 \u00a0
At 30 June
190.3
189.7
\n
The carrying value of investments was reviewed and no impairment indicator was identi\ufb01ed.
The subsidiary undertakings that principally affected pro\ufb01ts and net assets of the Group were:
Galliford Try Construction Limited
Galliford Try Infrastructure Limited
1
Galliford Try Investments Limited
Galliford Try Facilities Management Limited
Galliford Try Services Limited
Galliford Try Limited
2
1
Incorporated in Scotland.
2
Shares owned directly by the Company.
Unless otherwise stated, each subsidiary has a 30 June year-end, operates as a construction company, is incorporated in England & Wales and 100%
of ordinary shares and voting rights are held by the Group. Galliford Try Services Limited operates as central administration company to the Group.
A full list of the Group\u2019s undertakings is set out in note 32.32 Group undertakings
In accordance with section 409 of the Companies Act, the following is a list of all of the Group\u2019s undertakings as at 30 June 2026. Galliford Try Limited
is the only subsidiary undertaking held directly by the Company.
(i) Subsidiary undertakings
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Shareholding
\u00a0 \u00a0
(direct or
Entity name
Registered of\ufb01ce or principal place of business
indirect)
AVRS Systems Limited
Avrs Systems Ltd, Lonning End, Ponsonby, Seascale, Cumbria,
100%
\u00a0
England CA20 1BU
\u00a0
Construction Holdco 1 Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try (Water) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Asset Intelligence Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Building 2014 Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Construction & Investments Holdings Limited
3 Frayswater Place, Uxbridge, UB8 2AD
\u00a0
100%
Galliford Try Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Corporate Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Developments Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Digital Infrastructure Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Employment Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Facilities Management Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try HPS Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Infrastructure Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Investments Consultancy Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Investments Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Plant Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Properties Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Secretariat Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (Leeds) Lift Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (Leicester) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (North Hub) Investments Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
GT (North Tyneside) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT Camberwell (Holdings) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT Camberwell Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Shareholding
\u00a0 \u00a0
(direct or
Entity name
Registered of\ufb01ce or principal place of business
indirect)
GT Inverness Investments Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
GT TMGL Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Ham Baker Engineering Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Kingseat Development 1 Limited
Morrison House, Kingseat Business Park, Kingseat, Newmachar,
100%
\u00a0
Aberdeenshire, AB21 0AZ
\u00a0
Kingseat Development 2 Limited
Morrison House, Kingseat Business Park, Kingseat, Newmachar,
100%
\u00a0
Aberdeenshire AB21 0AZ
\u00a0
Leicester GT Education Company Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Lintott Control Systems Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Lintott Environmental Technologies Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
MCS Control Systems Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Morrison Construction Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Nene Valley Fire and Acoustic Ltd
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Oak Specialist Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Regeneco Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Try Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
\n
All subsidiary undertakings are incorporated in the UK unless otherwise speci\ufb01ed and are included in the consolidated \ufb01nancial statements of the
Group, as a majority of voting rights are held in each case.
(ii) Joint venture undertakings
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Proportion of
Financial
Entity name
Registered of\ufb01ce or principal place of business
capital held
year-end
Aberdeen Roads (Finance) PLC
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
Aberdeen Roads Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
Aberdeen Roads Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
ACP: North Hub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Dec
GBV JV Limited
3 Frayswater Place, Uxbridge, UB8 2AD
50%
30-Jun
GT Equitix Inverness Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Mar
GT Equitix Inverness Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Mar
Hub South East Scotland Limited
8 Melville Street, Edinburgh, EH3 7NS
50%
31-Mar
Space Scotland Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
83%
1
31-Mar
\n
The above entities are all incorporated in the UK and considered to be joint ventures, based on the shareholding agreements in place.
1
Treated as a joint venture as indicated by its joint venture agreement.
(iii) Associated and other signi\ufb01cant undertakings
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Proportion of
\u00a0 \u00a0
capital held
Entity name
Registered of\ufb01ce or principal place of business
by class
Aberdeen Community Health Care Village Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Alliance Community Partnership Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
10%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
ELCH DBFM Holdco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
ELCH DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Galliford Try Qatar LLC
PO Box 11726 Doha, State of Qatar (incorporated in Qatar)
49%
Hub North Scotland (Alford) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (FWT) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (I&F) Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (I&F) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (O&C) Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (O&C) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub South West Scotland Limited
2 Atlantic Square, 31 York Street, Glasgow, Scotland G2 8AS
6%
Hub SW Cumbernauld DBFMCo Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
6%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
Hub SW Cumbernauld Holdco Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
6%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
James Gillespie\u2019s Campus Subhub Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
James Gillespie\u2019s Campus Subhub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
JICC DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
JICC DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
KHS DBFM HoldCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
KHS DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
LBP DBFM Holdco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
LBP DBFMco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Newbattle DBFM HoldCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Newbattle DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
QHS DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
QHS DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
REH Phase 1 Subhub Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
REH Phase 1 Subhub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
WCHS DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
WCHS DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Urban Vision Partnership Limited
First Floor, 2 Kingdom Street, Paddington, London, W2 6BD
30%
\n
The above entities are all incorporated in the UK except Galliford Try Qatar LLC, which is incorporated in Qatar.
Entities listed above with 50% ownership percentage are treated as associates, as indicated by their ownership agreements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00309": { "value": "14 Investments in subsidiaries \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Company
\u00a3m
\u00a3m
Cost
\u00a0 \u00a0
At 1 July
189.7
189.2
Additions
0.6
0.5
At 30 June
190.3
189.7
Aggregate impairment
\u00a0 \u00a0
At 1 July
\u2013
\u2013
At 30 June
\u2013
\u2013
Net book value
\u00a0 \u00a0
At 30 June
190.3
189.7
\n
The carrying value of investments was reviewed and no impairment indicator was identi\ufb01ed.
The subsidiary undertakings that principally affected pro\ufb01ts and net assets of the Group were:
Galliford Try Construction Limited
Galliford Try Infrastructure Limited
1
Galliford Try Investments Limited
Galliford Try Facilities Management Limited
Galliford Try Services Limited
Galliford Try Limited
2
1
Incorporated in Scotland.
2
Shares owned directly by the Company.
Unless otherwise stated, each subsidiary has a 30 June year-end, operates as a construction company, is incorporated in England & Wales and 100%
of ordinary shares and voting rights are held by the Group. Galliford Try Services Limited operates as central administration company to the Group.
A full list of the Group\u2019s undertakings is set out in note 32.(i) Subsidiary undertakings \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Shareholding
\u00a0 \u00a0
(direct or
Entity name
Registered of\ufb01ce or principal place of business
indirect)
AVRS Systems Limited
Avrs Systems Ltd, Lonning End, Ponsonby, Seascale, Cumbria,
100%
\u00a0
England CA20 1BU
\u00a0
Construction Holdco 1 Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try (Water) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Asset Intelligence Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Building 2014 Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Construction & Investments Holdings Limited
3 Frayswater Place, Uxbridge, UB8 2AD
\u00a0
100%
Galliford Try Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Corporate Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Developments Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Digital Infrastructure Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Employment Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Facilities Management Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try HPS Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Infrastructure Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Galliford Try Investments Consultancy Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Investments Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Plant Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Properties Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Secretariat Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Galliford Try Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (Leeds) Lift Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (Leicester) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT (North Hub) Investments Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
GT (North Tyneside) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT Camberwell (Holdings) Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
GT Camberwell Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Shareholding
\u00a0 \u00a0
(direct or
Entity name
Registered of\ufb01ce or principal place of business
indirect)
GT Inverness Investments Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
GT TMGL Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Ham Baker Engineering Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Kingseat Development 1 Limited
Morrison House, Kingseat Business Park, Kingseat, Newmachar,
100%
\u00a0
Aberdeenshire, AB21 0AZ
\u00a0
Kingseat Development 2 Limited
Morrison House, Kingseat Business Park, Kingseat, Newmachar,
100%
\u00a0
Aberdeenshire AB21 0AZ
\u00a0
Leicester GT Education Company Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Lintott Control Systems Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Lintott Environmental Technologies Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
MCS Control Systems Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Morrison Construction Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
100%
Nene Valley Fire and Acoustic Ltd
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Oak Specialist Services Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Regeneco Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
Try Construction Limited
3 Frayswater Place, Uxbridge, UB8 2AD
100%
\n
All subsidiary undertakings are incorporated in the UK unless otherwise speci\ufb01ed and are included in the consolidated \ufb01nancial statements of the
Group, as a majority of voting rights are held in each case. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00310": { "value": "15 PPP and other investments \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
Group
\u00a3m
\u00a3m
At 1 July
38.6
41.8
Disposals and subordinated loan repayments
(1.0)
(1.3)
Movement in fair value
(0.4)
(1.9)
At 30 June
37.2
38.6
\n
These comprise debt and equity investments in PPP/PFI investments (joint ventures and associates) over which the Group has signi\ufb01cant in\ufb02uence.
Debt investments at fair value through OCI
The debt element of the investments represents over 99% of the total portfolio balance and is held at fair value. The fair value re\ufb02ects a blended
discount rate of 8.1% (2025: 7.9%). A 0.5% increase/reduction in the discount rate would result in a corresponding decrease/increase in the value
of the investments recorded in the balance sheet of approximately \u00a31.3m (2025: \u00a31.3m).
No material \ufb01nancial assets are past their due dates (2025: \u00a3nil), and the directors expect an average maturity pro\ufb01le in excess of 10 years.
Further disclosures relating to \ufb01nancial assets are set out in note 22.
The expected credit loss (ECL) was assessed to be minimal and accordingly no ECL recognised.
During the year, there were no additions (2025: \u00a3nil) to the Group\u2019s PPP/PFI investments and subordinated loans of \u00a31.0m (2025: \u00a31.3m)
were repaid. Of the total fair value movement in the year of \u00a30.4m (2025: \u00a31.9m), all of it relates to the movement in the fair value of the
PPP/PFI investments (2025: \u00a31.9m) and has been recorded through other comprehensive income.
The Group has commitments of \u00a3nil (2025: \u00a3nil) to provide further subordinated debt to its investments.
Equity accounted investments
The Group applies equity accounting to the equity element of its PPP/PFI investments. As the predominant value to the Group is within the debt
element, \u00a3nil (2025: \u00a3nil) has been recognised through equity accounting. The joint ventures and associates have non-pro\ufb01t distribution agreements
or restrictions on timing and quantum of distributions being made.
The material joint ventures (due to their shareholding and/or issuing listed debt) are disclosed within this note. The net assets disclosed in the income
statement and balance sheet extracts below are not recognised as part of the investment in joint ventures. The information disclosed re\ufb02ects the
amounts presented in the \ufb01nancial statements or management accounts of the relevant joint ventures and associates and not the Group\u2019s share of
those amounts.
The Group has an investment in Space Scotland Limited which it considers to be a material joint venture by virtue of the companies it is a shareholder
of. Space Scotland Limited holds the Group\u2019s investments in several of the PPP/PFI entities to which this note relates. The individual entities are not
considered to be material to the Group. The income statement and balance sheets for Space Scotland Limited is \u00a3nil (2025: \u00a3nil).
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
Aberdeen Roads (Finance) Plc
Aberdeen Roads Limited
1
\u00a0
2026
2025
2026
2025
Income statement \u2013 extracts
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Revenue
2
\u2013
\u2013
(1.2)
(2.1)
Depreciation and amortisation
\u2013
\u2013
\u2013
\u2013
Finance income
21.6
22.4
28.0
29.0
Finance expense
(21.6)
(22.4)
(21.6)
(22.4)
Income tax expense
\u2013
\u2013
\u2013
\u2013
Pro\ufb01t (100%)
\u2013
\u2013
\u2013
\u2013
Other comprehensive expense
(0.4)
(1.2)
\u2013
\u2013
Total comprehensive expense (100%)
(0.4)
(1.2)
\u2013
\u2013
Group\u2019s share of pro\ufb01t and total comprehensive expense
(0.1)
(0.4)
\u2013
\u2013
Dividends received by the Group during the year
\u2013
\u2013
\u2013
\u2013
Balance sheet \u2013 extracts
\u00a0 \u00a0 \u00a0 \u00a0
Cash and cash equivalents
0.4
0.7
29.8
28.7
Other current assets
\u2013
\u2013
5.3
4.8
Current assets
0.4
0.7
35.1
33.5
Non-current assets
478.9
496.2
490.5
505.9
Current external borrowings \u2013 bank/listed bonds
(18.7)
(19.1)
\u2013
\u2013
Other current liabilities
(2.9)
(3.1)
(47.2)
(43.7)
Current liabilities
(21.6)
(22.2)
(47.2)
(43.7)
Non-current external borrowings \u2013 bank/listed bonds
(416.1)
(430.6)
\u2013
\u2013
Other non-current liabilities
(40.7)
(42.9)
(478.4)
(495.7)
Non-current liabilities
(456.8)
(473.5)
(478.4)
(495.7)
Net assets (100%)
0.9
1.2
\u2013
\u2013
\n
1
Material due to their shareholding and/or issuing listed debt.
2
Revenue includes a deduction for the non-pro\ufb01t distribution model (NPD) surplus.
The Group\u2019s share of PPP and other investments\u2019 external bank funding was \u00a3208.1m at 30 June 2026 (2025: \u00a3221.1m). The Group\u2019s share of
these entities\u2019 other external funding consists of \u00a363.5m (2025: \u00a364.1m) of listed bonds. These balances are non-recourse to the Group.
Details of related party transactions with joint ventures and associates are given in note 28. The Group\u2019s shareholding in each joint venture and
associate can be seen in note 32.", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00311": { "value": "16 Trade and other receivables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Current assets:
\u00a0 \u00a0 \u00a0
Trade receivables
\u00a0
72.0
47.2
Less: provision for impairment of receivables
\u00a0
(0.4)
(0.4)
Trade receivables \u2013 net
\u00a0
71.6
46.8
Contract assets
20
283.6
295.9
Amounts due from joint ventures and associates
\u00a0
1.8
6.9
Research and development expenditure credits
\u00a0
5.3
5.1
Other receivables
\u00a0
14.5
9.9
Prepayments
\u00a0
21.9
24.0
\u00a0 \u00a0
398.7
388.6
\n
The Company has no trade and other receivables (2025: \u00a3nil).
Retentions will be collected in the normal operating cycle of the Group and are therefore shown as a current asset. It is expected that \u00a342.9m
(2025: \u00a347.8m) will be collected within 12 months from the balance sheet date.
The Group has no signi\ufb01cant capitalised contract costs.
There have been no movements in the Group\u2019s provision for impairment of trade receivables.
Provisions for impaired receivables have been included in administrative expenses in the income statement. Amounts charged to the impairment
provision are generally written off when there is no expectation of recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the book value of each class of receivable mentioned above, along with the Group\u2019s
cash and cash equivalents. The Group does not hold any collateral as security.
Management believes that the concentration of credit risk with respect to trade receivables is limited, due to the Group\u2019s customer base being
large, unrelated and predominantly within the public and regulated sectors.
As of 30 June 2026, trade receivables of \u00a312.5m (2025: \u00a312.2m) were past due but not impaired. These relate to a number of independent
customers for whom there is no recent history of default and there are no indications that they will not meet their payment obligations in respect of
the trade receivables recognised in the balance sheet that are past due and unprovided. The ageing analysis of these trade receivables is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date
\u00a0 \u00a0
Less than 30 days
6.2
5.1
Between 30 and 60 days
1.4
3.7
Between 60 and 90 days
0.7
0.7
Between 90 and 120 days
2.3
0.7
Greater than 120 days
1.9
2.0
\u00a0
12.5
12.2
\n
As of 30 June 2026, trade receivables were considered for impairment based on management\u2019s judgement and review of the trade receivables
listings. The amount provided for these balances was \u00a30.4m (2025: \u00a30.4m). The allocation of the provision is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date:
\u00a0 \u00a0
Greater than 120 days
0.4
0.4
\u00a0
0.4
0.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00313": { "value": "16 Trade and other receivables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Current assets:
\u00a0 \u00a0 \u00a0
Trade receivables
\u00a0
72.0
47.2
Less: provision for impairment of receivables
\u00a0
(0.4)
(0.4)
Trade receivables \u2013 net
\u00a0
71.6
46.8
Contract assets
20
283.6
295.9
Amounts due from joint ventures and associates
\u00a0
1.8
6.9
Research and development expenditure credits
\u00a0
5.3
5.1
Other receivables
\u00a0
14.5
9.9
Prepayments
\u00a0
21.9
24.0
\u00a0 \u00a0
398.7
388.6
\n
The Company has no trade and other receivables (2025: \u00a3nil).
Retentions will be collected in the normal operating cycle of the Group and are therefore shown as a current asset. It is expected that \u00a342.9m
(2025: \u00a347.8m) will be collected within 12 months from the balance sheet date.
The Group has no signi\ufb01cant capitalised contract costs.
There have been no movements in the Group\u2019s provision for impairment of trade receivables.
Provisions for impaired receivables have been included in administrative expenses in the income statement. Amounts charged to the impairment
provision are generally written off when there is no expectation of recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the book value of each class of receivable mentioned above, along with the Group\u2019s
cash and cash equivalents. The Group does not hold any collateral as security.
Management believes that the concentration of credit risk with respect to trade receivables is limited, due to the Group\u2019s customer base being
large, unrelated and predominantly within the public and regulated sectors.
As of 30 June 2026, trade receivables of \u00a312.5m (2025: \u00a312.2m) were past due but not impaired.", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00314": { "value": "16 Trade and other receivables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Current assets:
\u00a0 \u00a0 \u00a0
Trade receivables
\u00a0
72.0
47.2
Less: provision for impairment of receivables
\u00a0
(0.4)
(0.4)
Trade receivables \u2013 net
\u00a0
71.6
46.8
Contract assets
20
283.6
295.9
Amounts due from joint ventures and associates
\u00a0
1.8
6.9
Research and development expenditure credits
\u00a0
5.3
5.1
Other receivables
\u00a0
14.5
9.9
Prepayments
\u00a0
21.9
24.0
\u00a0 \u00a0
398.7
388.6
\n
The Company has no trade and other receivables (2025: \u00a3nil).
Retentions will be collected in the normal operating cycle of the Group and are therefore shown as a current asset. It is expected that \u00a342.9m
(2025: \u00a347.8m) will be collected within 12 months from the balance sheet date.
The Group has no signi\ufb01cant capitalised contract costs.
There have been no movements in the Group\u2019s provision for impairment of trade receivables.
Provisions for impaired receivables have been included in administrative expenses in the income statement. Amounts charged to the impairment
provision are generally written off when there is no expectation of recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the book value of each class of receivable mentioned above, along with the Group\u2019s
cash and cash equivalents. The Group does not hold any collateral as security.
Management believes that the concentration of credit risk with respect to trade receivables is limited, due to the Group\u2019s customer base being
large, unrelated and predominantly within the public and regulated sectors.
As of 30 June 2026, trade receivables of \u00a312.5m (2025: \u00a312.2m) were past due but not impaired. These relate to a number of independent
customers for whom there is no recent history of default and there are no indications that they will not meet their payment obligations in respect of
the trade receivables recognised in the balance sheet that are past due and unprovided. The ageing analysis of these trade receivables is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date
\u00a0 \u00a0
Less than 30 days
6.2
5.1
Between 30 and 60 days
1.4
3.7
Between 60 and 90 days
0.7
0.7
Between 90 and 120 days
2.3
0.7
Greater than 120 days
1.9
2.0
\u00a0
12.5
12.2
\n
As of 30 June 2026, trade receivables were considered for impairment based on management\u2019s judgement and review of the trade receivables
listings. The amount provided for these balances was \u00a30.4m (2025: \u00a30.4m). The allocation of the provision is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date:
\u00a0 \u00a0
Greater than 120 days
0.4
0.4
\u00a0
0.4
0.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00312": { "value": "16 Trade and other receivables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Current assets:
\u00a0 \u00a0 \u00a0
Trade receivables
\u00a0
72.0
47.2
Less: provision for impairment of receivables
\u00a0
(0.4)
(0.4)
Trade receivables \u2013 net
\u00a0
71.6
46.8
Contract assets
20
283.6
295.9
Amounts due from joint ventures and associates
\u00a0
1.8
6.9
Research and development expenditure credits
\u00a0
5.3
5.1
Other receivables
\u00a0
14.5
9.9
Prepayments
\u00a0
21.9
24.0
\u00a0 \u00a0
398.7
388.6
\n
The Company has no trade and other receivables (2025: \u00a3nil).
Retentions will be collected in the normal operating cycle of the Group and are therefore shown as a current asset. It is expected that \u00a342.9m
(2025: \u00a347.8m) will be collected within 12 months from the balance sheet date.
The Group has no signi\ufb01cant capitalised contract costs.
There have been no movements in the Group\u2019s provision for impairment of trade receivables.
Provisions for impaired receivables have been included in administrative expenses in the income statement. Amounts charged to the impairment
provision are generally written off when there is no expectation of recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the book value of each class of receivable mentioned above, along with the Group\u2019s
cash and cash equivalents. The Group does not hold any collateral as security.
Management believes that the concentration of credit risk with respect to trade receivables is limited, due to the Group\u2019s customer base being
large, unrelated and predominantly within the public and regulated sectors.
As of 30 June 2026, trade receivables of \u00a312.5m (2025: \u00a312.2m) were past due but not impaired. These relate to a number of independent
customers for whom there is no recent history of default and there are no indications that they will not meet their payment obligations in respect of
the trade receivables recognised in the balance sheet that are past due and unprovided. The ageing analysis of these trade receivables is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date
\u00a0 \u00a0
Less than 30 days
6.2
5.1
Between 30 and 60 days
1.4
3.7
Between 60 and 90 days
0.7
0.7
Between 90 and 120 days
2.3
0.7
Greater than 120 days
1.9
2.0
\u00a0
12.5
12.2
\n
As of 30 June 2026, trade receivables were considered for impairment based on management\u2019s judgement and review of the trade receivables
listings. The amount provided for these balances was \u00a30.4m (2025: \u00a30.4m). The allocation of the provision is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date:
\u00a0 \u00a0
Greater than 120 days
0.4
0.4
\u00a0
0.4
0.4
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00315": { "value": "There have been no movements in the Group\u2019s provision for impairment of trade receivables.
Provisions for impaired receivables have been included in administrative expenses in the income statement. Amounts charged to the impairment
provision are generally written off when there is no expectation of recovering additional cash.
The other classes within trade and other receivables do not contain impaired assets.
The maximum exposure to credit risk at the reporting date is the book value of each class of receivable mentioned above, along with the Group\u2019s
cash and cash equivalents. The Group does not hold any collateral as security.
Management believes that the concentration of credit risk with respect to trade receivables is limited, due to the Group\u2019s customer base being
large, unrelated and predominantly within the public and regulated sectors.
As of 30 June 2026, trade receivables of \u00a312.5m (2025: \u00a312.2m) were past due but not impaired. These relate to a number of independent
customers for whom there is no recent history of default and there are no indications that they will not meet their payment obligations in respect of
the trade receivables recognised in the balance sheet that are past due and unprovided. The ageing analysis of these trade receivables is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date
\u00a0 \u00a0
Less than 30 days
6.2
5.1
Between 30 and 60 days
1.4
3.7
Between 60 and 90 days
0.7
0.7
Between 90 and 120 days
2.3
0.7
Greater than 120 days
1.9
2.0
\u00a0
12.5
12.2
\n
As of 30 June 2026, trade receivables were considered for impairment based on management\u2019s judgement and review of the trade receivables
listings. The amount provided for these balances was \u00a30.4m (2025: \u00a30.4m). The allocation of the provision is as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Number of days past due date:
\u00a0 \u00a0
Greater than 120 days
0.4
0.4
\u00a0
0.4
0.4
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00316": { "value": "17 Cash and cash equivalents \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
Company
\u00a0
\u00a0
2026
2025
2026
2025
\u00a0
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Cash at bank and in hand and per the statement of cash \ufb02ows
259.0
237.6
116.0
113.5
\n
Cash at bank above includes \u00a327.8m (2025: \u00a323.0m), being the Group\u2019s share of cash held by jointly controlled operations. The Group has no bank
borrowings or loans.
Net cash excludes IFRS 16 lease liabilities (note 13).
Cash and cash equivalents and bank overdrafts are presented on a net (offset) basis. In 2016, the IFRS Interpretations Committee released an
update in respect of IAS 32 \u2018Financial instruments: presentation\u2019 speci\ufb01cally in relation to offsetting and cash pooling. This clari\ufb01ed that in order to
offset bank account balances, an entity must have both a legally enforceable right and an intention to do so. The Group\u2019s bank arrangements and
facilities with both HSBC Bank plc and Barclays Bank plc provide the legally enforceable right to offset and the Group demonstrated its intention
to offset by formally sweeping the balances within each bank. Consequently, the balances have been offset in the \ufb01nancial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00317": { "value": "18 Trade and other payables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Trade payables
\u00a0
77.3
124.9
Contract liabilities
20
140.7
124.7
Other taxation and social security payable
\u00a0
50.0
48.1
Other payables
\u00a0
3.5
2.8
Accruals
\u00a0
338.1
308.6
\u00a0 \u00a0
609.6
609.1
\n
The Company has no trade and other payables (2025: none).
All payables are unsecured. Retentions will be paid in the normal operating cycle of the Group and are therefore shown as a current liability.
The amounts disclosed in the table are the contractual undiscounted cash \ufb02ows. Balances due within 12 months equal their carrying balances as
the impact of discounting is not signi\ufb01cant", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00319": { "value": "18 Trade and other payables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Trade payables
\u00a0
77.3
124.9
Contract liabilities
20
140.7
124.7
Other taxation and social security payable
\u00a0
50.0
48.1
Other payables
\u00a0
3.5
2.8
Accruals
\u00a0
338.1
308.6
\u00a0 \u00a0
609.6
609.1
\n
The Company has no trade and other payables (2025: none).
All payables are unsecured. Retentions will be paid in the normal operating cycle of the Group and are therefore shown as a current liability.
The amounts disclosed in the table are the contractual undiscounted cash \ufb02ows. Balances due within 12 months equal their carrying balances as
the impact of discounting is not signi\ufb01cant.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00320": { "value": "18 Trade and other payables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Trade payables
\u00a0
77.3
124.9
Contract liabilities
20
140.7
124.7
Other taxation and social security payable
\u00a0
50.0
48.1
Other payables
\u00a0
3.5
2.8
Accruals
\u00a0
338.1
308.6
\u00a0 \u00a0
609.6
609.1
\n
The Company has no trade and other payables (2025: none).
All payables are unsecured. Retentions will be paid in the normal operating cycle of the Group and are therefore shown as a current liability.
The amounts disclosed in the table are the contractual undiscounted cash \ufb02ows. Balances due within 12 months equal their carrying balances as
the impact of discounting is not signi\ufb01cant.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00318": { "value": "18 Trade and other payables \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Group
\u00a0
\u00a0 \u00a0
2026
2025
\u00a0
Notes
\u00a3m
\u00a3m
Trade payables
\u00a0
77.3
124.9
Contract liabilities
20
140.7
124.7
Other taxation and social security payable
\u00a0
50.0
48.1
Other payables
\u00a0
3.5
2.8
Accruals
\u00a0
338.1
308.6
\u00a0 \u00a0
609.6
609.1
\n
The Company has no trade and other payables (2025: none).
All payables are unsecured. Retentions will be paid in the normal operating cycle of the Group and are therefore shown as a current liability.
The amounts disclosed in the table are the contractual undiscounted cash \ufb02ows. Balances due within 12 months equal their carrying balances as
the impact of discounting is not signi\ufb01cant.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00322": { "value": "19
Provisions for other liabilities and charges
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Onerous
\u00a0 \u00a0
\u00a0
contracts
Recti\ufb01cation
Total
Group
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
(1.5)
(34.7)
(36.2)
Utilised
0.5
11.4
11.9
Released
\u2013
1.3
1.3
Additions
\u2013
(25.6)
(25.6)
At 30 June 2025
(1.0)
(47.6)
(48.6)
Utilised
0.6
2.5
3.1
Released
0.2
12.0
12.2
Additions
(2.7)
(27.9)
(30.6)
At 30 June 2026
(2.9)
(61.0)
(63.9)
\n
Onerous contract provisions are made on loss-making contracts the Group is obliged to complete.
Recti\ufb01cation provisions are made for potential claims and defects for remedial works against work completed by the Group, and include provisions
for dilapidations on premises the Group occupies.
As at 30 June 2026 \u00a313.1m (2025: \u00a313.1m) of provision related to one contract. Further details are provided in the critical accounting estimates and
judgements. The remaining balance of the provision relates to a number of immaterial balances. Due to the level of uncertainty, combination of cost
and income variables and timing across the remaining portfolio of contracts, it is impracticable to provide a quantitative analysis of the aggregated
judgements that are applied at a portfolio level and therefore management has not given a range of expected outcomes.
Due to the nature of the provisions, the timing of any potential future out\ufb02ows is uncertain, however they are expected to be utilised within the
Group\u2019s normal operating cycle, and accordingly are classi\ufb01ed as current liabilities. Of the total provisions, \u00a351.9m (2025: \u00a336.0m) is likely to
be utilised within 12 months, with the remainder utilised in more than 12 months. The impact of discounting is not material.
The Group regularly engages in contracts with general or defect warranty recti\ufb01cation requirements, typically less than three years. Within the
pool of open warranty period contracts, the Group built, as part of a joint operation with two other partners, a single infrastructure scheme under
a contract that included various defect warranty obligations, with the longest obligation lasting up to 12 years.
At 30 June 2026, there remained \ufb01ve years (2025: six years) of the longest warranty liability period remaining. This is the only contract the Group
has that has a general defect warranty period of this length. The contractual nature of the defect warranty liability and the completion of the scheme
are the obligating events and the Group, as part of the joint operation, has remediated items since completion and has other known issues ongoing
that will likely result in future cash out\ufb02ows, though the timing and quantum remain uncertain.
The Group also believes that there will be further unknown but probable cash out\ufb02ows relating to as yet unknown items as scheduled inspections
of various structural elements of the scheme are completed that have a potentially material range of outcomes. The Group has provided \u00a313.1m
(2025: \u00a313.1m) against future defect costs and this represents management\u2019s best estimate of potential future payments associated with the
warranty recti\ufb01cation responsibilities. The provision requires a limited number of signi\ufb01cant estimates and assumptions by management,
with a signi\ufb01cant level of estimation risk as a result arising from the level of defects and associated cost that may arise.
Management estimates the reasonable range of estimates to be between \u00a37.6m and \u00a319.1m at 30 June 2026 (2025: between \u00a37.3m and \u00a319.2m).
During the year \u00a30.1m and \u00a3nil (2025: \u00a30.1m and \u00a31.3m) of the opening provision of \u00a313.1m (2025: \u00a314.6m) was utilised and released respectively,
with additions of \u00a30.1m (2025: \u00a3nil) made in the year. Management has sought input from external experienced industry \ufb01gures and industry bodies
to support the provision it has made.
The Company does not hold any provisions. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00321": { "value": "19
Provisions for other liabilities and charges
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Onerous
\u00a0 \u00a0
\u00a0
contracts
Recti\ufb01cation
Total
Group
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
(1.5)
(34.7)
(36.2)
Utilised
0.5
11.4
11.9
Released
\u2013
1.3
1.3
Additions
\u2013
(25.6)
(25.6)
At 30 June 2025
(1.0)
(47.6)
(48.6)
Utilised
0.6
2.5
3.1
Released
0.2
12.0
12.2
Additions
(2.7)
(27.9)
(30.6)
At 30 June 2026
(2.9)
(61.0)
(63.9)
\n
Onerous contract provisions are made on loss-making contracts the Group is obliged to complete.
Recti\ufb01cation provisions are made for potential claims and defects for remedial works against work completed by the Group, and include provisions
for dilapidations on premises the Group occupies.
As at 30 June 2026 \u00a313.1m (2025: \u00a313.1m) of provision related to one contract. Further details are provided in the critical accounting estimates and
judgements. The remaining balance of the provision relates to a number of immaterial balances. Due to the level of uncertainty, combination of cost
and income variables and timing across the remaining portfolio of contracts, it is impracticable to provide a quantitative analysis of the aggregated
judgements that are applied at a portfolio level and therefore management has not given a range of expected outcomes.
Due to the nature of the provisions, the timing of any potential future out\ufb02ows is uncertain, however they are expected to be utilised within the
Group\u2019s normal operating cycle, and accordingly are classi\ufb01ed as current liabilities. Of the total provisions, \u00a351.9m (2025: \u00a336.0m) is likely to
be utilised within 12 months, with the remainder utilised in more than 12 months. The impact of discounting is not material.
The Group regularly engages in contracts with general or defect warranty recti\ufb01cation requirements, typically less than three years. Within the
pool of open warranty period contracts, the Group built, as part of a joint operation with two other partners, a single infrastructure scheme under
a contract that included various defect warranty obligations, with the longest obligation lasting up to 12 years.
At 30 June 2026, there remained \ufb01ve years (2025: six years) of the longest warranty liability period remaining. This is the only contract the Group
has that has a general defect warranty period of this length. The contractual nature of the defect warranty liability and the completion of the scheme
are the obligating events and the Group, as part of the joint operation, has remediated items since completion and has other known issues ongoing
that will likely result in future cash out\ufb02ows, though the timing and quantum remain uncertain.
The Group also believes that there will be further unknown but probable cash out\ufb02ows relating to as yet unknown items as scheduled inspections
of various structural elements of the scheme are completed that have a potentially material range of outcomes. The Group has provided \u00a313.1m
(2025: \u00a313.1m) against future defect costs and this represents management\u2019s best estimate of potential future payments associated with the
warranty recti\ufb01cation responsibilities. The provision requires a limited number of signi\ufb01cant estimates and assumptions by management,
with a signi\ufb01cant level of estimation risk as a result arising from the level of defects and associated cost that may arise.
Management estimates the reasonable range of estimates to be between \u00a37.6m and \u00a319.1m at 30 June 2026 (2025: between \u00a37.3m and \u00a319.2m).
During the year \u00a30.1m and \u00a3nil (2025: \u00a30.1m and \u00a31.3m) of the opening provision of \u00a313.1m (2025: \u00a314.6m) was utilised and released respectively,
with additions of \u00a30.1m (2025: \u00a3nil) made in the year. Management has sought input from external experienced industry \ufb01gures and industry bodies
to support the provision it has made.
The Company does not hold any provisions. ", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00323": { "value": "20 Contract balances
Contract assets and liabilities are included within \u2018trade and other receivables\u2019 and \u2018trade and other payables\u2019 respectively on the face of the balance
sheet. Where there is a corresponding contract asset and liability in relation to the same contract, the balance shown is the net position. The timing
of work performed (and thus revenue recognised), billing pro\ufb01les and cash collection results in trade receivables (amounts certi\ufb01ed to date and
unpaid), contract assets (uncerti\ufb01ed amounts where revenue has been recognised) and contract liabilities (customer advances and deposits where
no corresponding work has yet been performed), being recognised on the Group\u2019s balance sheet.
The reconciliation of the Group opening to closing contract balances is shown below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0
Contract
Contract
Contract
Contract
\u00a0
asset
liability
asset
liability
\u00a0
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 1 July
295.9
(124.7)
290.5
(131.3)
Revenue recognised in the year
1,884.1
47.0
1,819.5
55.7
Net cash received in advance of performance obligations being fully satis\ufb01ed
\u2013
(63.0)
\u2013
(49.1)
Transfers in the year from contract assets to trade receivables
(1,896.4)
\u2013
(1,814.1)
\u2013
30 June
283.6
(140.7)
295.9
(124.7)
\n
Revenue allocated to performance obligations that are unsatis\ufb01ed at 30 June, is expected to be recognised as disclosed in note 3.
The Company has no contract balances (2025: none).
The amount of revenue recognised in the year from performance obligations satis\ufb01ed in previous periods amounts to \u00a35.9m (2025: \u00a34.0m).", "dimensions": { "concept": "gfrd:DisclosureOfContractBalancesTextBlock", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00324": { "value": "21 Deferred income tax
Deferred income tax is calculated in full on temporary differences under the liability method and is measured at the average tax rates that are
expected to apply in the periods in which the timing differences are expected to reverse.
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current income tax assets against current
income tax liabilities. The net deferred tax position at 30 June was:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Deferred income tax assets
5.9
11.6
Deferred income tax liabilities
(1.1)
(0.6)
Net deferred income tax
4.8
11.0
The movement for the year in the net deferred income tax account is as shown below:
Group
2026
2025
\u00a3m
\u00a3m
At 1 July
11.0
17.9
Current year\u2019s deferred income tax \u2013 expense taken to income statement
(6.4)
(6.2)
Current year\u2019s deferred income tax \u2013 credit taken to equity
0.1
1.2
Adjustment in respect of prior years \u2013 credit taken to income statement
0.4
0.3
Transfer to current tax assets
\u2013
(2.2)
Acquisition of subsidiaries
(0.3)
\u2013
At 30 June
4.8
11.0
\n
All remaining material tax losses have now been recognised.
\n
Movements in deferred income tax assets and liabilities during the year are shown below:
\n
The Company has a deferred tax asset of \u00a30.8m relating to timing differences on share-based payments (2025: \u00a30.7m).
\n
Deferred income tax assets
Share-based
payments
Tax losses
Other
1
Total
Group
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
1.1
14.8
2.6
18.5
Credit/(expense) in respect of current year taken to income statement
0.1
(5.9)
(0.4)
(6.2)
Credit/(expense) in respect of prior years taken to income statement
\u2013
0.5
(0.2)
0.3
Net transfer (from)/to current tax income tax asset
\u2013
(2.3)
0.1
(2.2)
Credit in respect of prior years taken to equity
1.2
\u2013
\u2013
1.2
At 30 June 2025
2.4
7.1
2.1
11.6
Credit/(expense) in respect of current year taken to income statement
0.3
(6.1)
(0.5)
(6.3)
Credit in respect of prior years taken to income statement
\u2013
0.5
\u2013
0.5
Credit in respect of current year taken to equity
0.1
\u2013
\u2013
0.1
At 30 June 2026
2.8
1.5
1.6
5.9
\n
1
Deferred tax assets included in the \u2018Other\u2019 category relate predominantly to future income tax deductions available from IFRS transition adjustments in respect of
\n
IFRS 15 and IFRS 9 which are expected to be utilised over the next three years in line with the requirements of tax legislation.
\n
The Company has a deferred tax asset of \u00a30.8m (2025: \u00a30.7m) relating to share-based payments.
\n
Deferred income tax liabilities
Accelerated
Intangible
tax
assets
depreciation
acquired
Total
Group
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024 and 30 June 2025
\u2013
(0.6)
(0.6)
Expense in respect of current year taken to income statement
\u2013
(0.1)
(0.1)
Expense in respect of prior years taken to income statement
(0.1)
\u2013
(0.1)
Acquisition of subsidiaries
\u2013
(0.3)
(0.3)
At 30 June 2026
(0.1)
(1.0)
(1.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00325": { "value": "21 Deferred income tax
Deferred income tax is calculated in full on temporary differences under the liability method and is measured at the average tax rates that are
expected to apply in the periods in which the timing differences are expected to reverse.
Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current income tax assets against current
income tax liabilities. The net deferred tax position at 30 June was:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
Group
\u00a0
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
Deferred income tax assets
5.9
11.6
Deferred income tax liabilities
(1.1)
(0.6)
Net deferred income tax
4.8
11.0
\n\n\n\n\n\n
The movement for the year in the net deferred income tax account is as shown below:
Group
2026
2025
\u00a3m
\u00a3m
At 1 July
11.0
17.9
Current year\u2019s deferred income tax \u2013 expense taken to income statement
(6.4)
(6.2)
Current year\u2019s deferred income tax \u2013 credit taken to equity
0.1
1.2
Adjustment in respect of prior years \u2013 credit taken to income statement
0.4
0.3
Transfer to current tax assets
\u2013
(2.2)
Acquisition of subsidiaries
(0.3)
\u2013
At 30 June
4.8
11.0
\n
All remaining material tax losses have now been recognised.
\n
Movements in deferred income tax assets and liabilities during the year are shown below:
\n
The Company has a deferred tax asset of \u00a30.8m relating to timing differences on share-based payments (2025: \u00a30.7m).
\n
Deferred income tax assets
Share-based
payments
Tax losses
Other
1
Total
Group
\u00a3m
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
1.1
14.8
2.6
18.5
Credit/(expense) in respect of current year taken to income statement
0.1
(5.9)
(0.4)
(6.2)
Credit/(expense) in respect of prior years taken to income statement
\u2013
0.5
(0.2)
0.3
Net transfer (from)/to current tax income tax asset
\u2013
(2.3)
0.1
(2.2)
Credit in respect of prior years taken to equity
1.2
\u2013
\u2013
1.2
At 30 June 2025
2.4
7.1
2.1
11.6
Credit/(expense) in respect of current year taken to income statement
0.3
(6.1)
(0.5)
(6.3)
Credit in respect of prior years taken to income statement
\u2013
0.5
\u2013
0.5
Credit in respect of current year taken to equity
0.1
\u2013
\u2013
0.1
At 30 June 2026
2.8
1.5
1.6
5.9
\n
1
Deferred tax assets included in the \u2018Other\u2019 category relate predominantly to future income tax deductions available from IFRS transition adjustments in respect of
\n
IFRS 15 and IFRS 9 which are expected to be utilised over the next three years in line with the requirements of tax legislation.
\n
The Company has a deferred tax asset of \u00a30.8m (2025: \u00a30.7m) relating to share-based payments.
\n
Deferred income tax liabilities
Accelerated
Intangible
tax
assets
depreciation
acquired
Total
Group
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024 and 30 June 2025
\u2013
(0.6)
(0.6)
Expense in respect of current year taken to income statement
\u2013
(0.1)
(0.1)
Expense in respect of prior years taken to income statement
(0.1)
\u2013
(0.1)
Acquisition of subsidiaries
\u2013
(0.3)
(0.3)
At 30 June 2026
(0.1)
(1.0)
(1.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00326": { "value": "22 Financial instruments
The Group\u2019s activities expose it to a variety of \ufb01nancial risks: market risk (including foreign exchange risk, price risk and interest rate risk),
credit risk and liquidity risk. The Group\u2019s overall risk management programme focuses on the unpredictability of \ufb01nancial markets and seeks to
minimise potential adverse effects on the Group\u2019s \ufb01nancial performance. Financial assets and liabilities are offset and the net amount reported
when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and
settle the liability simultaneously.
The Group and Company operate within \ufb01nancial risk policies and procedures approved by the Board. It is, and has been throughout the year,
the Group\u2019s policy that no trading in \ufb01nancial instruments shall be undertaken. The Board provides written principles for overall risk management,
as well as written policies covering speci\ufb01c areas such as foreign exchange risk, interest rate risk, credit risk, use of derivative \ufb01nancial instruments
and non-derivative \ufb01nancial instruments, and investment of excess liquidity. The Group\u2019s \ufb01nancial instruments principally comprise cash and
cash equivalents, borrowings, receivables, payables and PPP and other investments that arise directly from its operations and its acquisitions.
The Company\u2019s \ufb01nancial instruments comprise of cash and cash equivalents.
Capital risk management
The Group is funded by ordinary shares, retained pro\ufb01ts and its strong net cash position (refer to notes 17, 23 and 25). The Group\u2019s and
Company\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, in order to provide returns
for shareholders and bene\ufb01ts for other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital. The Group has
a \u00a325m (with a \u00a310m accordion option) Revolving Credit Facility (RCF) as further explained below. The facility provides \ufb02exibility to support
the Group\u2019s growth objectives while maintaining suf\ufb01cient liquidity and \ufb01nancial discipline.
Financial risk factors
(a) Market risk
(i) Foreign exchange risk
All material activities of the Group take place within the UK and consequently there is little direct exchange risk, other than payments to overseas
suppliers who require settlement in their currency. If there is any material foreign exchange exposure, the Group\u2019s policy is to enter into forward
foreign currency contracts. The Group and Company have no material currency exposure at 30 June 2026 (2025: nil).
(ii) Price risk
Other than a residual interest in equity securities, the Group and Company are not exposed to equity or commodity price risk.
(iii) Interest rate risk
The Group\u2019s income and operating cash \ufb02ows are substantially independent of changes in market interest rates.
The Group\u2019s interest rate risk arises from movement in cash and cash equivalents as well as interest on any borrowings which can affect net \ufb01nance
income and cash\ufb02ow. As noted below, in 2025 the Group entered into a \u00a325m RCF with an initial three-year term. Amounts drawn under the facility
bear interest at a \ufb02oating rate based on the Sterling Overnight Index Average (SONIA) plus a \ufb01xed margin. As at 30 June 2026, the Group had not
drawn any amount under the facility and therefore had no exposure to variable interest rates on borrowing at the reporting date.
(b) Credit risk
Credit risk is managed on a Group basis. Credit risk arises from cash and cash equivalents, deposits and borrowings with banks and \ufb01nancial
institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Group does not hold any
debt facilities. Further details of credit risk relating to trade and other receivables are disclosed in note 16. No credit limits were exceeded during
the reporting period, and management does not expect any material losses from non-performance of any counterparties, including in respect of
receivables not yet due. The Group\u2019s maximum exposure to credit risk at the end of the reporting period is the carrying amount (book value) of each
class of \ufb01nancial asset set out on the following page.
(c) Liquidity risk
Prudent liquidity risk management implies maintaining suf\ufb01cient cash and marketable securities as well as an appropriate level of undrawn
committed facilities. The Group \ufb01nances its operations through its cash reserves and ongoing retained pro\ufb01ts. During the year to 30 June 2026,
the Group triggered the option to extend the \u00a325m RCF by a further year. The facility provides greater agility and resilience, which alongside an
already strong balance sheet, provides an excellent platform to take advantage of future growth opportunities. Management monitors rolling
forecasts of the Group\u2019s liquidity reserve on the basis of expected cash \ufb02ow. This is generally carried out at local level in the operating companies of
the Group, in accordance with practices and limits set by the Group. On a daily basis throughout the year, the bank balances or gross overdrafts in all
the Group\u2019s operating companies are aggregated into a total cash \ufb01gure, in order that the Group can obtain the most advantageous interest rate.
In accordance with IFRS 9 \u2018Financial Instruments\u2019, the Group has reviewed all contracts for embedded derivatives that are required to be separately
accounted for if they do not meet certain requirements set out in the standard. No such embedded derivatives have been identi\ufb01ed.
Fair value of other \ufb01nancial assets and \ufb01nancial liabilities
\n
Where market values are not available, fair values of \ufb01nancial assets and \ufb01nancial liabilities have been calculated by discounting expected future
\n
cash \ufb02ows at the prevailing interest rate.
\n
Primary \ufb01nancial instruments held or issued to \ufb01nance the Group\u2019s operations:
2026
2025
Book value
Fair value
Book value
Fair value
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Financial liabilities:
Current \ufb01nancial liabilities measured at amortised cost
18
418.9
418.9
436.3
436.3
Financial assets:
PPP and other investments
15
37.2
37.2
38.6
38.6
Current assets measured at amortised cost
16
376.8
376.8
364.6
364.6
Cash and cash equivalents
17
259.0
259.0
237.6
237.6
\n
Prepayments are excluded from the \ufb01nancial assets measured at amortised cost; and statutory liabilities, contract liabilities and provisions are
\n
excluded from \ufb01nancial liabilities measured at amortised cost noted above. A maturity analysis of the Group\u2019s non-derivative \ufb01nancial liabilities is
\n
given in note 18.
\n
Borrowing facilities
\n
In March 2025, the Group entered an RCF agreement with a syndicate of three banks \u2013 Barclays, Lloyds Banking Group and the National Bank of
\n
Kuwait. The facility provides the Group committed borrowing capacity of \u00a325m for a term of three years, maturing in March 2028. The agreement
\n
includes the following features:
\n
An option to extend the facility by up to two years, subject to lender approval (the \ufb01rst option to extend by a further year was triggered
\n
and agreed in the year), and
\n
An accordion option, allowing the Group to request an increase in total commitment by a further \u00a310m, subject to lender consent
\n
and documentation.
\n
As at 30 June 2026, the Group had not drawn any amounts under the facility. The RCF remains undrawn since inception and provides additional
\n
liquidity headroom.
\n
The facility bears interest at a variable rate linked to SONIA plus a margin, with commitment fees payable on the undrawn portion. The agreement
\n
includes customary \ufb01nancial covenants and undertakings, which the Group was in full compliance with as at the reporting date. The RCF is unsecured.
\n
Fair value estimation
\n
Speci\ufb01c valuation techniques used to value \ufb01nancial instruments are de\ufb01ned as:
\n
Level 1 \u2013 Quoted market prices or dealer quotes in active markets for similar instruments.
\n
Level 2 \u2013 The fair value of \ufb01nancial instruments that are not traded in an active market is determined using valuation techniques which maximise
\n
the use of observable market data and rely as little as possible on entity-speci\ufb01c estimates.
\n
Level 3 \u2013 Other techniques, such as discounted cash \ufb02ow analysis, are used to determine fair value for the remaining \ufb01nancial instruments.
\n
The fair value of other investments is set out in note 15.
\n
The following table presents the Group\u2019s assets and liabilities that are measured at fair value at 30 June:
2026
2025
Level 3
Total
Level 3
Total
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Assets
Fair value through other comprehensive income
\u2013 PPP and other investments
37.2
37.2
38.6
38.6
Total
37.2
37.2
38.6
38.6
\n
There were no transfers between levels during the year.
Valuation processes
A review of the long-term UK gilt rates, Bank of England base rates, UK in\ufb02ation and other external market data (including the secondary market)
for disposals is considered as part of the valuation process, which is ultimately agreed at the Executive Board, plc Board and Audit Committee.
The fair value of \ufb01nancial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using
valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on
entity speci\ufb01c estimates. If all signi\ufb01cant inputs required to fair value an instrument are observable, the instrument is included in Level 2. If one or
more of the signi\ufb01cant inputs is not based on observable market data, the instrument is included in Level 3.
Fair value measurements using signi\ufb01cant unobservable inputs (Level 3)
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
At 1 July
38.6
41.8
Movement in fair value
(0.4)
(1.9)
Disposals and subordinated loan repayments
(1.0)
(1.3)
Closing balance
37.2
38.6
\n
The fair value is derived via a discounted cash \ufb02ow. The key assumptions used in Level 3 valuations include the expected timing of receipts, credit risk
and discount rates. The typical repayment period is 10-15 years and the timing of receipts is based on historical data. The fair value of the portfolio
re\ufb02ects a blended discount rate of 8.1% (2025: 7.9%) and is based on current market conditions. The sensitivity to discount rates is set out in note 15.
If receipts were to occur earlier than expected, the fair value would increase. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00327": { "value": "22 Financial instruments
The Group\u2019s activities expose it to a variety of \ufb01nancial risks: market risk (including foreign exchange risk, price risk and interest rate risk),
credit risk and liquidity risk. The Group\u2019s overall risk management programme focuses on the unpredictability of \ufb01nancial markets and seeks to
minimise potential adverse effects on the Group\u2019s \ufb01nancial performance. Financial assets and liabilities are offset and the net amount reported
when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and
settle the liability simultaneously.
The Group and Company operate within \ufb01nancial risk policies and procedures approved by the Board. It is, and has been throughout the year,
the Group\u2019s policy that no trading in \ufb01nancial instruments shall be undertaken. The Board provides written principles for overall risk management,
as well as written policies covering speci\ufb01c areas such as foreign exchange risk, interest rate risk, credit risk, use of derivative \ufb01nancial instruments
and non-derivative \ufb01nancial instruments, and investment of excess liquidity. The Group\u2019s \ufb01nancial instruments principally comprise cash and
cash equivalents, borrowings, receivables, payables and PPP and other investments that arise directly from its operations and its acquisitions.
The Company\u2019s \ufb01nancial instruments comprise of cash and cash equivalents.
Capital risk management
The Group is funded by ordinary shares, retained pro\ufb01ts and its strong net cash position (refer to notes 17, 23 and 25). The Group\u2019s and
Company\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, in order to provide returns
for shareholders and bene\ufb01ts for other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital. The Group has
a \u00a325m (with a \u00a310m accordion option) Revolving Credit Facility (RCF) as further explained below. The facility provides \ufb02exibility to support
the Group\u2019s growth objectives while maintaining suf\ufb01cient liquidity and \ufb01nancial discipline.
Financial risk factors
(a) Market risk
(i) Foreign exchange risk
All material activities of the Group take place within the UK and consequently there is little direct exchange risk, other than payments to overseas
suppliers who require settlement in their currency. If there is any material foreign exchange exposure, the Group\u2019s policy is to enter into forward
foreign currency contracts. The Group and Company have no material currency exposure at 30 June 2026 (2025: nil).
(ii) Price risk
Other than a residual interest in equity securities, the Group and Company are not exposed to equity or commodity price risk.
(iii) Interest rate risk
The Group\u2019s income and operating cash \ufb02ows are substantially independent of changes in market interest rates.
The Group\u2019s interest rate risk arises from movement in cash and cash equivalents as well as interest on any borrowings which can affect net \ufb01nance
income and cash\ufb02ow. As noted below, in 2025 the Group entered into a \u00a325m RCF with an initial three-year term. Amounts drawn under the facility
bear interest at a \ufb02oating rate based on the Sterling Overnight Index Average (SONIA) plus a \ufb01xed margin. As at 30 June 2026, the Group had not
drawn any amount under the facility and therefore had no exposure to variable interest rates on borrowing at the reporting date.
(b) Credit risk
Credit risk is managed on a Group basis. Credit risk arises from cash and cash equivalents, deposits and borrowings with banks and \ufb01nancial
institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Group does not hold any
debt facilities. Further details of credit risk relating to trade and other receivables are disclosed in note 16. No credit limits were exceeded during
the reporting period, and management does not expect any material losses from non-performance of any counterparties, including in respect of
receivables not yet due. The Group\u2019s maximum exposure to credit risk at the end of the reporting period is the carrying amount (book value) of each
class of \ufb01nancial asset set out on the following page.
(c) Liquidity risk
Prudent liquidity risk management implies maintaining suf\ufb01cient cash and marketable securities as well as an appropriate level of undrawn
committed facilities. The Group \ufb01nances its operations through its cash reserves and ongoing retained pro\ufb01ts. During the year to 30 June 2026,
the Group triggered the option to extend the \u00a325m RCF by a further year. The facility provides greater agility and resilience, which alongside an
already strong balance sheet, provides an excellent platform to take advantage of future growth opportunities. Management monitors rolling
forecasts of the Group\u2019s liquidity reserve on the basis of expected cash \ufb02ow. This is generally carried out at local level in the operating companies of
the Group, in accordance with practices and limits set by the Group. On a daily basis throughout the year, the bank balances or gross overdrafts in all
the Group\u2019s operating companies are aggregated into a total cash \ufb01gure, in order that the Group can obtain the most advantageous interest rate.
In accordance with IFRS 9 \u2018Financial Instruments\u2019, the Group has reviewed all contracts for embedded derivatives that are required to be separately
accounted for if they do not meet certain requirements set out in the standard. No such embedded derivatives have been identi\ufb01ed.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00328": { "value": "Capital risk management
The Group is funded by ordinary shares, retained pro\ufb01ts and its strong net cash position (refer to notes 17, 23 and 25). The Group\u2019s and
Company\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, in order to provide returns
for shareholders and bene\ufb01ts for other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital. The Group has
a \u00a325m (with a \u00a310m accordion option) Revolving Credit Facility (RCF) as further explained below. The facility provides \ufb02exibility to support
the Group\u2019s growth objectives while maintaining suf\ufb01cient liquidity and \ufb01nancial discipline. ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00329": { "value": "a) Market risk
(i) Foreign exchange risk
All material activities of the Group take place within the UK and consequently there is little direct exchange risk, other than payments to overseas
suppliers who require settlement in their currency. If there is any material foreign exchange exposure, the Group\u2019s policy is to enter into forward
foreign currency contracts. The Group and Company have no material currency exposure at 30 June 2026 (2025: nil).
(ii) Price risk
Other than a residual interest in equity securities, the Group and Company are not exposed to equity or commodity price risk.
(iii) Interest rate risk
The Group\u2019s income and operating cash \ufb02ows are substantially independent of changes in market interest rates.
The Group\u2019s interest rate risk arises from movement in cash and cash equivalents as well as interest on any borrowings which can affect net \ufb01nance
income and cash\ufb02ow. As noted below, in 2025 the Group entered into a \u00a325m RCF with an initial three-year term. Amounts drawn under the facility
bear interest at a \ufb02oating rate based on the Sterling Overnight Index Average (SONIA) plus a \ufb01xed margin. As at 30 June 2026, the Group had not
drawn any amount under the facility and therefore had no exposure to variable interest rates on borrowing at the reporting date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00330": { "value": "(b) Credit risk
Credit risk is managed on a Group basis. Credit risk arises from cash and cash equivalents, deposits and borrowings with banks and \ufb01nancial
institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Group does not hold any
debt facilities. Further details of credit risk relating to trade and other receivables are disclosed in note 16. No credit limits were exceeded during
the reporting period, and management does not expect any material losses from non-performance of any counterparties, including in respect of
receivables not yet due. The Group\u2019s maximum exposure to credit risk at the end of the reporting period is the carrying amount (book value) of each
class of \ufb01nancial asset set out on the following page.", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00331": { "value": "(c) Liquidity risk
Prudent liquidity risk management implies maintaining suf\ufb01cient cash and marketable securities as well as an appropriate level of undrawn
committed facilities. The Group \ufb01nances its operations through its cash reserves and ongoing retained pro\ufb01ts. During the year to 30 June 2026,
the Group triggered the option to extend the \u00a325m RCF by a further year. The facility provides greater agility and resilience, which alongside an
already strong balance sheet, provides an excellent platform to take advantage of future growth opportunities. Management monitors rolling
forecasts of the Group\u2019s liquidity reserve on the basis of expected cash \ufb02ow. This is generally carried out at local level in the operating companies of
the Group, in accordance with practices and limits set by the Group. On a daily basis throughout the year, the bank balances or gross overdrafts in all
the Group\u2019s operating companies are aggregated into a total cash \ufb01gure, in order that the Group can obtain the most advantageous interest rate.
In accordance with IFRS 9 \u2018Financial Instruments\u2019, the Group has reviewed all contracts for embedded derivatives that are required to be separately
accounted for if they do not meet certain requirements set out in the standard. No such embedded derivatives have been identi\ufb01ed.", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00333": { "value": "Fair value of other \ufb01nancial assets and \ufb01nancial liabilities
Where market values are not available, fair values of \ufb01nancial assets and \ufb01nancial liabilities have been calculated by discounting expected future
\n
cash \ufb02ows at the prevailing interest rate.
\n
Primary \ufb01nancial instruments held or issued to \ufb01nance the Group\u2019s operations:
2026
2025
Book value
Fair value
Book value
Fair value
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Financial liabilities:
Current \ufb01nancial liabilities measured at amortised cost
18
418.9
418.9
436.3
436.3
Financial assets:
PPP and other investments
15
37.2
37.2
38.6
38.6
Current assets measured at amortised cost
16
376.8
376.8
364.6
364.6
Cash and cash equivalents
17
259.0
259.0
237.6
237.6
\n
Prepayments are excluded from the \ufb01nancial assets measured at amortised cost; and statutory liabilities, contract liabilities and provisions are
\n
excluded from \ufb01nancial liabilities measured at amortised cost noted above. A maturity analysis of the Group\u2019s non-derivative \ufb01nancial liabilities is
\n
given in note 18.
\n
Borrowing facilities
\n
In March 2025, the Group entered an RCF agreement with a syndicate of three banks \u2013 Barclays, Lloyds Banking Group and the National Bank of
\n
Kuwait. The facility provides the Group committed borrowing capacity of \u00a325m for a term of three years, maturing in March 2028. The agreement
\n
includes the following features:
\n
An option to extend the facility by up to two years, subject to lender approval (the \ufb01rst option to extend by a further year was triggered
\n
and agreed in the year), and
\n
An accordion option, allowing the Group to request an increase in total commitment by a further \u00a310m, subject to lender consent
\n
and documentation.
\n
As at 30 June 2026, the Group had not drawn any amounts under the facility. The RCF remains undrawn since inception and provides additional
\n
liquidity headroom.
\n
The facility bears interest at a variable rate linked to SONIA plus a margin, with commitment fees payable on the undrawn portion. The agreement
\n
includes customary \ufb01nancial covenants and undertakings, which the Group was in full compliance with as at the reporting date. The RCF is unsecured.
\n
Fair value estimation
\n
Speci\ufb01c valuation techniques used to value \ufb01nancial instruments are de\ufb01ned as:
\n
Level 1 \u2013 Quoted market prices or dealer quotes in active markets for similar instruments.
\n
Level 2 \u2013 The fair value of \ufb01nancial instruments that are not traded in an active market is determined using valuation techniques which maximise
\n
the use of observable market data and rely as little as possible on entity-speci\ufb01c estimates.
\n
Level 3 \u2013 Other techniques, such as discounted cash \ufb02ow analysis, are used to determine fair value for the remaining \ufb01nancial instruments.
\n
The fair value of other investments is set out in note 15.
\n
The following table presents the Group\u2019s assets and liabilities that are measured at fair value at 30 June:
2026
2025
Level 3
Total
Level 3
Total
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Assets
Fair value through other comprehensive income
\u2013 PPP and other investments
37.2
37.2
38.6
38.6
Total
37.2
37.2
38.6
38.6
\n
There were no transfers between levels during the year.
Valuation processes
A review of the long-term UK gilt rates, Bank of England base rates, UK in\ufb02ation and other external market data (including the secondary market)
for disposals is considered as part of the valuation process, which is ultimately agreed at the Executive Board, plc Board and Audit Committee.
The fair value of \ufb01nancial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using
valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on
entity speci\ufb01c estimates. If all signi\ufb01cant inputs required to fair value an instrument are observable, the instrument is included in Level 2. If one or
more of the signi\ufb01cant inputs is not based on observable market data, the instrument is included in Level 3.
Fair value measurements using signi\ufb01cant unobservable inputs (Level 3)
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
At 1 July
38.6
41.8
Movement in fair value
(0.4)
(1.9)
Disposals and subordinated loan repayments
(1.0)
(1.3)
Closing balance
37.2
38.6
\n
The fair value is derived via a discounted cash \ufb02ow. The key assumptions used in Level 3 valuations include the expected timing of receipts, credit risk
and discount rates. The typical repayment period is 10-15 years and the timing of receipts is based on historical data. The fair value of the portfolio
re\ufb02ects a blended discount rate of 8.1% (2025: 7.9%) and is based on current market conditions. The sensitivity to discount rates is set out in note 15.
If receipts were to occur earlier than expected, the fair value would increase. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00332": { "value": "Fair value of other \ufb01nancial assets and \ufb01nancial liabilities
Where market values are not available, fair values of \ufb01nancial assets and \ufb01nancial liabilities have been calculated by discounting expected future
\n
cash \ufb02ows at the prevailing interest rate.
\n
Primary \ufb01nancial instruments held or issued to \ufb01nance the Group\u2019s operations:
2026
2025
Book value
Fair value
Book value
Fair value
Notes
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Financial liabilities:
Current \ufb01nancial liabilities measured at amortised cost
18
418.9
418.9
436.3
436.3
Financial assets:
PPP and other investments
15
37.2
37.2
38.6
38.6
Current assets measured at amortised cost
16
376.8
376.8
364.6
364.6
Cash and cash equivalents
17
259.0
259.0
237.6
237.6
\n
Prepayments are excluded from the \ufb01nancial assets measured at amortised cost; and statutory liabilities, contract liabilities and provisions are
\n
excluded from \ufb01nancial liabilities measured at amortised cost noted above. A maturity analysis of the Group\u2019s non-derivative \ufb01nancial liabilities is
\n
given in note 18.
\n
Borrowing facilities
\n
In March 2025, the Group entered an RCF agreement with a syndicate of three banks \u2013 Barclays, Lloyds Banking Group and the National Bank of
\n
Kuwait. The facility provides the Group committed borrowing capacity of \u00a325m for a term of three years, maturing in March 2028. The agreement
\n
includes the following features:
\n
An option to extend the facility by up to two years, subject to lender approval (the \ufb01rst option to extend by a further year was triggered
\n
and agreed in the year), and
\n
An accordion option, allowing the Group to request an increase in total commitment by a further \u00a310m, subject to lender consent
\n
and documentation.
\n
As at 30 June 2026, the Group had not drawn any amounts under the facility. The RCF remains undrawn since inception and provides additional
\n
liquidity headroom.
\n
The facility bears interest at a variable rate linked to SONIA plus a margin, with commitment fees payable on the undrawn portion. The agreement
\n
includes customary \ufb01nancial covenants and undertakings, which the Group was in full compliance with as at the reporting date. The RCF is unsecured.
\n
Fair value estimation
\n
Speci\ufb01c valuation techniques used to value \ufb01nancial instruments are de\ufb01ned as:
\n
Level 1 \u2013 Quoted market prices or dealer quotes in active markets for similar instruments.
\n
Level 2 \u2013 The fair value of \ufb01nancial instruments that are not traded in an active market is determined using valuation techniques which maximise
\n
the use of observable market data and rely as little as possible on entity-speci\ufb01c estimates.
\n
Level 3 \u2013 Other techniques, such as discounted cash \ufb02ow analysis, are used to determine fair value for the remaining \ufb01nancial instruments.
\n
The fair value of other investments is set out in note 15.
\n
The following table presents the Group\u2019s assets and liabilities that are measured at fair value at 30 June:
2026
2025
Level 3
Total
Level 3
Total
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Assets
Fair value through other comprehensive income
\u2013 PPP and other investments
37.2
37.2
38.6
38.6
Total
37.2
37.2
38.6
38.6
\n
There were no transfers between levels during the year.
Valuation processes
A review of the long-term UK gilt rates, Bank of England base rates, UK in\ufb02ation and other external market data (including the secondary market)
for disposals is considered as part of the valuation process, which is ultimately agreed at the Executive Board, plc Board and Audit Committee.
The fair value of \ufb01nancial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using
valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on
entity speci\ufb01c estimates. If all signi\ufb01cant inputs required to fair value an instrument are observable, the instrument is included in Level 2. If one or
more of the signi\ufb01cant inputs is not based on observable market data, the instrument is included in Level 3.
Fair value measurements using signi\ufb01cant unobservable inputs (Level 3)
\u00a0
2026
2025
\u00a0
\u00a3m
\u00a3m
At 1 July
38.6
41.8
Movement in fair value
(0.4)
(1.9)
Disposals and subordinated loan repayments
(1.0)
(1.3)
Closing balance
37.2
38.6
\n
The fair value is derived via a discounted cash \ufb02ow. The key assumptions used in Level 3 valuations include the expected timing of receipts, credit risk
and discount rates. The typical repayment period is 10-15 years and the timing of receipts is based on historical data. The fair value of the portfolio
re\ufb02ects a blended discount rate of 8.1% (2025: 7.9%) and is based on current market conditions. The sensitivity to discount rates is set out in note 15.
If receipts were to occur earlier than expected, the fair value would increase. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00335": { "value": "23
Ordinary shares and share premium
\u00a0 \u00a0
Ordinary
Share
\u00a0
\u00a0
Number of
shares
premium
Total
Group
shares
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
103,975,786
52.0
0.8
52.8
Allotted under share option schemes
856,343
0.4
0.8
1.2
Cancellation of shares
(2,690,861)
(1.3)
\u2013
(1.3)
At 30 June 2025
102,141,268
51.1
1.6
52.7
Allotted under share option schemes
688,466
0.3
0.6
0.9
Cancellation of shares
(1,957,703)
(1.0)
\u2013
(1.0)
At 30 June 2026
100,872,031
50.4
2.2
52.6
\u00a0 \u00a0
Ordinary
Share
\u00a0
\u00a0
Number of
shares
premium
Total
Company
shares
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
103,975,786
52.0
0.8
52.8
Allotted under share option schemes
856,343
0.4
0.8
1.2
Cancellation of shares
(2,690,861)
(1.3)
\u2013
(1.3)
At 30 June 2025
102,141,268
51.1
1.6
52.7
Allotted under share option schemes
688,466
0.3
0.6
0.9
Cancellation of shares
(1,957,703)
(1.0)
\u2013
(1.0)
At 30 June 2026
100,872,031
50.4
2.2
52.6
\n
The Company does not have a limit on the authorised capital and does not hold any shares in treasury.
Number of shares refers to 50p ordinary shares, which are authorised, issued and fully paid. There are no shares authorised and issued but not
fully paid.
On 17 September 2025 the Group launched its third share buyback programme of up to a maximum of \u00a310.0m of Company shares. As at 30 June 2026
the Group had completed the share buyback programme with a total of 1,957,703 shares repurchased at an average price of approximately
\u00a35.11 per share, The repurchased shares represented approximately 1.9% of issued share capital and were subsequently cancelled.
At 30 June 2026, the total number of shares outstanding under the share incentive plans was 6,058,017 (2025: 6,853,670) as detailed in note 24. 25
Other reserves and retained earnings
\u00a0 \u00a0
Other
Retained
\u00a0 \u00a0
reserves
earnings
Group
Notes
\u00a3m
\u00a3m
At 1 July 2024
\u00a0
136.4
(75.6)
Pro\ufb01t for the year
\u00a0
\u2013
33.6
Dividends paid
8
\u2013
(17.5)
Share-based payments
24
\u2013
3.4
Tax relating to share-based payments
\u00a0
\u2013
2.0
Movement in fair value of PPP and other investments
15
\u2013
(1.9)
Purchase of own shares
\u00a0
\u2013
(12.3)
Cancellation of shares
\u00a0
1.3
\u2013
At 30 June 2025
\u00a0
137.7
(68.3)
Pro\ufb01t for the year
\u00a0
\u2013
41.2
Dividends paid
8
\u2013
(20.3)
Share-based payments
24
\u2013
4.2
Tax relating to share-based payments
\u00a0
\u2013
1.8
Movement in fair value of PPP and other investments
15
\u2013
(0.4)
Purchase of own shares
\u00a0
\u2013
(14.3)
Cancellation of shares
\u00a0
1.0
\u2013
At 30 June 2026
\u00a0
138.7
(56.1)
\n
The Company and Group\u2019s other reserves relate to a merger reserve amounting to \u00a3132.2m (2025: \u00a3132.2m) and a capital redemption reserve of
\u00a36.5m (2025: \u00a35.5m).
The purchase of own shares represents shares purchased by the Galliford Try Employee Share Trust of \u00a3nil (2025: \u00a3nil) and other share-related
transactions of \u00a34.3m (2025: \u00a32.3m), in addition to \u00a310.0m (2025: \u00a310.0m) purchased by the Company as part of the share buyback announced in
September 2025 and completed within the year.
\u00a0 \u00a0
Other
Retained
\u00a0 \u00a0
reserves
earnings
Company
Notes
\u00a3m
\u00a3m
At 1 July 2024
\u00a0
136.4
110.4
Pro\ufb01t for the year
\u00a0
\u2013
30.1
Dividends paid
8
\u2013
(17.5)
Share-based payments
\u00a0
\u2013
0.5
Purchase of shares
14
\u2013
(10.0)
Cancellation of shares
\u00a0
1.3
\u2013
At 30 June 2025
\u00a0
137.7
113.5
Pro\ufb01t for the year
\u00a0
\u2013
32.0
Dividends paid
8
\u2013
(20.3)
Share-based payments
\u00a0
\u2013
0.6
Purchase of shares
14
\u2013
(10.0)
Cancellation of shares
\u00a0
1.0
\u2013
At 30 June 2026
\u00a0
138.7
115.8
\n
The cumulative amount of goodwill arising on acquisition and written off directly against reserves is \u00a39.5m (2025: \u00a39.5m).
At 30 June 2026, the Galliford Try Employee Share Trust (the Trust) held 2,124,586 (2025: 3,066,609) Galliford Try Holdings plc shares.
The nominal value of the shares held is \u00a31.1m (2025: \u00a31.5m). During the year nil shares were acquired (2025: nil) and a further \u00a34.3m (2025: \u00a32.3m)
was paid in relation to other share-related transactions with 857,908 (2025: 694,382) shares transferred during the year. The cost of funding and
administering the Trust is charged to the income statement in the period to which it relates. The market value of the shares at 30 June 2026 was
\u00a311.2m (2025: \u00a312.9m). No shareholders (2025: none) have waived their rights to dividends.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00334": { "value": "23
Ordinary shares and share premium
\u00a0 \u00a0
Ordinary
Share
\u00a0
\u00a0
Number of
shares
premium
Total
Group
shares
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
103,975,786
52.0
0.8
52.8
Allotted under share option schemes
856,343
0.4
0.8
1.2
Cancellation of shares
(2,690,861)
(1.3)
\u2013
(1.3)
At 30 June 2025
102,141,268
51.1
1.6
52.7
Allotted under share option schemes
688,466
0.3
0.6
0.9
Cancellation of shares
(1,957,703)
(1.0)
\u2013
(1.0)
At 30 June 2026
100,872,031
50.4
2.2
52.6
\u00a0 \u00a0
Ordinary
Share
\u00a0
\u00a0
Number of
shares
premium
Total
Company
shares
\u00a3m
\u00a3m
\u00a3m
At 1 July 2024
103,975,786
52.0
0.8
52.8
Allotted under share option schemes
856,343
0.4
0.8
1.2
Cancellation of shares
(2,690,861)
(1.3)
\u2013
(1.3)
At 30 June 2025
102,141,268
51.1
1.6
52.7
Allotted under share option schemes
688,466
0.3
0.6
0.9
Cancellation of shares
(1,957,703)
(1.0)
\u2013
(1.0)
At 30 June 2026
100,872,031
50.4
2.2
52.6
\n
The Company does not have a limit on the authorised capital and does not hold any shares in treasury.
Number of shares refers to 50p ordinary shares, which are authorised, issued and fully paid. There are no shares authorised and issued but not
fully paid.
On 17 September 2025 the Group launched its third share buyback programme of up to a maximum of \u00a310.0m of Company shares. As at 30 June 2026
the Group had completed the share buyback programme with a total of 1,957,703 shares repurchased at an average price of approximately
\u00a35.11 per share, The repurchased shares represented approximately 1.9% of issued share capital and were subsequently cancelled.
At 30 June 2026, the total number of shares outstanding under the share incentive plans was 6,058,017 (2025: 6,853,670) as detailed in note 24. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00336": { "value": "24 Share-based payments
The Group operates performance-related share incentive plans for Executives, details of which are set out in the Directors\u2019 Remuneration report,
as well as long term bonus plans for certain employees and a Group wide sharesave schemes. The total charge for the year before tax relating to
employee share-based payment plans was \u00a34.2m (2025: \u00a33.4m), all of which related to equity-settled share-based payment transactions.
Savings-related share options
The Company operates an HMRC approved sharesave scheme, under which employees are granted an option to purchase ordinary shares in
the Company at up to 20% less than the market price at grant, in three years\u2019 time, dependent on their entering into a contract to make monthly
contributions into a savings account over the relevant period. These funds are used to fund the option exercise. This scheme is open to all employees
meeting the minimum employment period. No performance criteria are applied to the exercise of sharesave options.
The options were valued using the binomial option-pricing model. The fair value per option granted and the assumptions used in the calculation
are as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
Employee
\u00a0
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0
turnover
\u00a0
\u00a0
Shares under
Share price
Exercise
Contract
Expected
Option life
Risk-free
Dividend
before
Fair value
Grant date
option
at grant date
price
date
volatility
(years)
rate
yield
vesting
per option
14.04.23
180,576
174p
137p
01.06.23
54%
3
3.6%
4.5%
10%
67p
12.04.24
769,451
244p
201p
01.06.24
30%
3
4.2%
4.5%
10%
61p
03.04.25
859,908
341p
296p
01.06.25
31%
3
3.8%
4.1%
10%
83p
02.04.26
941,916
499p
428p
01.06.26
31%
3
4.2%
3.7%
10%
131p
\n
The expected volatility is based on historical volatility in the movement in the share price over the past three years up to the date of grant (or since
incorporation of the Company in January 2020). The expected life is the average expected period to exercise. The risk-free rate is the yield on
zero-coupon UK Government bonds of a term consistent with the assumed option life. A reconciliation of savings-related share awards over the
year to 30 June 2026 is shown below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
\u00a0
2026
2025
\u00a0 \u00a0
Weighted
\u00a0
Weighted
\u00a0 \u00a0
average
\u00a0
average
\u00a0
Number
exercise price
Number
exercise price
Outstanding at 1 July
2,703,109
213p
2,806,642
158p
Awards
957,350
428p
951,335
296p
Forfeited
(144,421)
233p
(123,330)
170p
Cancelled
(67,933)
249p
(66,407)
178p
Expired
(7,788)
217p
(8,788)
132p
Exercised
(688,466)
139p
(856,343)
135p
Outstanding at 30 June
2,751,851
304p
2,703,109
213p
Exercisable at 30 June
188,527
146p
134,149
144p
\n
The weighted average fair value of awards granted during the year was 131p (2025: 83p). There were 688,466 share options exercised during the
year ended 30 June 2026 (2025: 856,343) and the weighted average exercise price at the date of exercise was 139p (2025: 135p). The weighted
average remaining contractual life is one year and 10 months (2025: two years and nil months).
Performance-related long-term incentive plans
The Group operates performance-related share incentive plans for Executives, details of which are set out in the Directors\u2019 Remuneration report.
The awards that vest are satis\ufb01ed by the transfer of shares for no consideration. The outstanding options were valued using a Black-Scholes model.
The fair value per option granted and the assumptions used in the calculation are as follows:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0 \u00a0
Vesting
\u00a0 \u00a0 \u00a0
\u00a0
Shares under
Share price at
period/option
\u00a0 \u00a0
Fair value
Grant date
option
grant date
life (months)
Risk-free rate
Dividend yield
per option
23.09.23
987,710
225p
36
4.3%
4.7%
195p
08.10.24
1,040,245
322p
36
3.9%
4.8%
279p
24.09.25
776,211
500p
36
3.8%
3.8%
446p
The expected volatility is based on historical volatility in the movement in the share price of the Company and its comparator group and the
correlations between them over the past three years. The expected life is the average expected period to exercise. The risk-free rate is the yield on
zero-coupon UK Government bonds of a term consistent with the assumed option life. A reconciliation of performance-related share awards over
the year to 30 June is shown below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
Number
Number
Outstanding at 1 July
3,397,239
3,533,585
Granted
776,211
1,040,245
Exercised
(1,369,284)
(1,037,753)
Forfeited
\u2013
(138,838)
Outstanding at 30 June
2,804,166
3,397,239
Exercisable at 30 June
\u2013
\u2013
\n
The weighted average fair value of awards granted during the year was 446p (2025: 279p). There were 1,369,284 options exercised during the
year ended 30 June 2026 (2025: 1,037,753). The weighted average remaining contractual life is one year and two months (2025: one year and
two months).
Annual bonus plan \u2013 deferred shares
Executive Directors are eligible to participate in the Company\u2019s annual bonus scheme. The scheme rules dictate that two thirds of any bonus earned
in excess of 50% of the base annual salary is deferred into restricted shares for three years. Participants must remain in employment to receive the
restricted shares, but there are no other associated performance conditions.
A reconciliation of performance-related share awards over the year to 30 June is shown below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
Number
Number
Outstanding at 1 July
593,796
725,969
Granted
154,683
159,345
Exercised
(330,436)
(291,518)
Outstanding at 30 June
418,043
593,796
Exercisable at 30 June
\u2013
\u2013
\n
The weighted average remaining contractual life is one year and \ufb01ve months (2025: one year and nil months). The fair value of the awards is the
closing share price on the date of grant.
Long term bonus plan \u2013 deferred shares
Certain members of the Group are eligible to participate in the Company\u2019s long-term bonus plan. The scheme rules dictate that up to half of the
bonus earned is awarded in restricted shares. The shares are restricted for a period of 12 months. Participants must remain in employment
to receive the restricted shares, but there are no other associated performance conditions.
A reconciliation of performance-related share awards over the year to 30 June is shown below:
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
2026
2025
\u00a0
Number
Number
Outstanding at 1 July
159,526
129,136
Granted
83,957
159,526
Exercised
(159,526)
(123,453)
Forfeited
\u2013
(5,683)
Outstanding at 30 June
83,957
159,526
Exercisable at 30 June
\u2013
\u2013
\n
The weighted average remaining contractual life is three months (2025: three months). The fair value of the awards is the closing share price on the
date of grant.", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00337": { "value": "25
Other reserves and retained earnings
\u00a0 \u00a0
Other
Retained
\u00a0 \u00a0
reserves
earnings
Group
Notes
\u00a3m
\u00a3m
At 1 July 2024
\u00a0
136.4
(75.6)
Pro\ufb01t for the year
\u00a0
\u2013
33.6
Dividends paid
8
\u2013
(17.5)
Share-based payments
24
\u2013
3.4
Tax relating to share-based payments
\u00a0
\u2013
2.0
Movement in fair value of PPP and other investments
15
\u2013
(1.9)
Purchase of own shares
\u00a0
\u2013
(12.3)
Cancellation of shares
\u00a0
1.3
\u2013
At 30 June 2025
\u00a0
137.7
(68.3)
Pro\ufb01t for the year
\u00a0
\u2013
41.2
Dividends paid
8
\u2013
(20.3)
Share-based payments
24
\u2013
4.2
Tax relating to share-based payments
\u00a0
\u2013
1.8
Movement in fair value of PPP and other investments
15
\u2013
(0.4)
Purchase of own shares
\u00a0
\u2013
(14.3)
Cancellation of shares
\u00a0
1.0
\u2013
At 30 June 2026
\u00a0
138.7
(56.1)
\n
The Company and Group\u2019s other reserves relate to a merger reserve amounting to \u00a3132.2m (2025: \u00a3132.2m) and a capital redemption reserve of
\u00a36.5m (2025: \u00a35.5m).
The purchase of own shares represents shares purchased by the Galliford Try Employee Share Trust of \u00a3nil (2025: \u00a3nil) and other share-related
transactions of \u00a34.3m (2025: \u00a32.3m), in addition to \u00a310.0m (2025: \u00a310.0m) purchased by the Company as part of the share buyback announced in
September 2025 and completed within the year.
\u00a0 \u00a0
Other
Retained
\u00a0 \u00a0
reserves
earnings
Company
Notes
\u00a3m
\u00a3m
At 1 July 2024
\u00a0
136.4
110.4
Pro\ufb01t for the year
\u00a0
\u2013
30.1
Dividends paid
8
\u2013
(17.5)
Share-based payments
\u00a0
\u2013
0.5
Purchase of shares
14
\u2013
(10.0)
Cancellation of shares
\u00a0
1.3
\u2013
At 30 June 2025
\u00a0
137.7
113.5
Pro\ufb01t for the year
\u00a0
\u2013
32.0
Dividends paid
8
\u2013
(20.3)
Share-based payments
\u00a0
\u2013
0.6
Purchase of shares
14
\u2013
(10.0)
Cancellation of shares
\u00a0
1.0
\u2013
At 30 June 2026
\u00a0
138.7
115.8
\n
The cumulative amount of goodwill arising on acquisition and written off directly against reserves is \u00a39.5m (2025: \u00a39.5m).
At 30 June 2026, the Galliford Try Employee Share Trust (the Trust) held 2,124,586 (2025: 3,066,609) Galliford Try Holdings plc shares.
The nominal value of the shares held is \u00a31.1m (2025: \u00a31.5m). During the year nil shares were acquired (2025: nil) and a further \u00a34.3m (2025: \u00a32.3m)
was paid in relation to other share-related transactions with 857,908 (2025: 694,382) shares transferred during the year. The cost of funding and
administering the Trust is charged to the income statement in the period to which it relates. The market value of the shares at 30 June 2026 was
\u00a311.2m (2025: \u00a312.9m). No shareholders (2025: none) have waived their rights to dividends.", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00339": { "value": "26 Financial and capital commitments
The Group had no commitments for subordinated debt to joint ventures or other investments at 30 June 2026 (2025: \u00a3nil), nor any commitment for
\nother capital expenditure. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00338": { "value": "26 Financial and capital commitments
The Group had no commitments for subordinated debt to joint ventures or other investments at 30 June 2026 (2025: \u00a3nil), nor any commitment for
\n
other capital expenditure.
\n
27 Guarantees and contingent liabilities
\n
The Group has surety bonding facilities and bank guarantees. These are supported by counter indemnities given by the Company and certain
\n
subsidiaries in the Group in the normal course of business. Utilisation of the bonding and guarantee facilities totalled \u00a3144.1m at 30 June 2026
\n
(2025: \u00a3154.9m). It is not expected that any material liabilities will arise.
\n
Disputes arise in the normal course of business, some of which lead to litigation or arbitration procedures. While the outcome of disputes and
\n
arbitration is never certain, the directors believe that the resolution of all existing actions will not have a material adverse effect on the Group\u2019s
\n
\ufb01nancial position.
\n
Where the Group has received such claims, the directors have made provision in the \ufb01nancial statements when they believe it is probable a liability
\n
exists and it can be reliably estimated, but no provision has been made where the Group\u2019s liability is considered only possible or remote. This is
\n
based on the best estimates of future costs to be incurred after assessing all relevant information and taking legal advice where appropriate.
\n
The Group has currently assessed a pool of non-\ufb01re safety-related claims that meet the contingent liability threshold for disclosure. These claims
\n
are of a similar nature with a collective range of between \u00a3nil and \u00a32.2m (2025: \u00a3nil and \u00a312.0m). The Group\u2019s assessment of liability and estimates
\n
of future costs could change in the future. Although the Group has appropriate insurance arrangements in place that should mitigate any signi\ufb01cant
\n
exposure, the recognition thresholds under IAS 37 would mean a liability could be recognised before a corresponding asset.
\n
The continuing evolution of Government legislation and guidance, such as the Building Safety Act and its implications for cladding solutions used
\n
on historical contracts, also creates ongoing uncertainty that the Group manages.
\n
The Group is tracking a pool of three \ufb01re safety claims which meet the de\ufb01nition of contingent liabilities under IAS 37. Management do not consider
\n
it is practicable to value the pool because of the lack of supporting evidence from the claimants and the length of time it takes for these cases
\n
to evolve and for any reliable quantum, if any, to be established. Factors include the complexity of the building projects in question, the many
\n
suppliers involved in the supply chain and the potential for reimbursement from subcontractors. The Group believes it has strong legal positions
\n
with contractual support on all the cases, however, at this time, it cannot fully rule out that material settlements may result. Should this be the case,
\n
management expects there will be recovery from the supply chain, designers or insurers that can be full or partial.
\nAs Government legislation and guidance changes in the future, the Group will reassess the estimates made accordingly. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00340": { "value": "27 Guarantees and contingent liabilities
The Group has surety bonding facilities and bank guarantees. These are supported by counter indemnities given by the Company and certain
\n
subsidiaries in the Group in the normal course of business. Utilisation of the bonding and guarantee facilities totalled \u00a3144.1m at 30 June 2026
\n
(2025: \u00a3154.9m). It is not expected that any material liabilities will arise.
\n
Disputes arise in the normal course of business, some of which lead to litigation or arbitration procedures. While the outcome of disputes and
\n
arbitration is never certain, the directors believe that the resolution of all existing actions will not have a material adverse effect on the Group\u2019s
\n
\ufb01nancial position.
\n
Where the Group has received such claims, the directors have made provision in the \ufb01nancial statements when they believe it is probable a liability
\n
exists and it can be reliably estimated, but no provision has been made where the Group\u2019s liability is considered only possible or remote. This is
\n
based on the best estimates of future costs to be incurred after assessing all relevant information and taking legal advice where appropriate.
\n
The Group has currently assessed a pool of non-\ufb01re safety-related claims that meet the contingent liability threshold for disclosure. These claims
\n
are of a similar nature with a collective range of between \u00a3nil and \u00a32.2m (2025: \u00a3nil and \u00a312.0m). The Group\u2019s assessment of liability and estimates
\n
of future costs could change in the future. Although the Group has appropriate insurance arrangements in place that should mitigate any signi\ufb01cant
\n
exposure, the recognition thresholds under IAS 37 would mean a liability could be recognised before a corresponding asset.
\n
The continuing evolution of Government legislation and guidance, such as the Building Safety Act and its implications for cladding solutions used
\n
on historical contracts, also creates ongoing uncertainty that the Group manages.
\n
The Group is tracking a pool of three \ufb01re safety claims which meet the de\ufb01nition of contingent liabilities under IAS 37. Management do not consider
\n
it is practicable to value the pool because of the lack of supporting evidence from the claimants and the length of time it takes for these cases
\n
to evolve and for any reliable quantum, if any, to be established. Factors include the complexity of the building projects in question, the many
\n
suppliers involved in the supply chain and the potential for reimbursement from subcontractors. The Group believes it has strong legal positions
\n
with contractual support on all the cases, however, at this time, it cannot fully rule out that material settlements may result. Should this be the case,
\n
management expects there will be recovery from the supply chain, designers or insurers that can be full or partial.
As Government legislation and guidance changes in the future, the Group will reassess the estimates made accordingly. ", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00342": { "value": "28 Related party transactions
Transactions between the Group and its related parties are disclosed as follows:
\n
Group
Sales to
Amounts owed by
related parties
related parties
2026
2025
2026
2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Trading transactions
Related parties
82.6
69.4
32.4
39.4
Interest and dividend income
from related parties
2026
2025
\u00a3m
\u00a3m
Non-trading transactions
Related parties
6.1
4.0
\n
Sales to related parties (all of which are to joint ventures and associates) are based on terms that would be available to unrelated third parties.
\n
Amounts owed by related parties consist predominantly of subordinated debt within the PPP and Other Investments portfolio, that if held to
\n
maturity would be due over the next 24 years (2025: 23 years). These receivables are unsecured, with interest rates varying between a range of
\n
9% and 12% (2025: 9% and 12%). Payables are due within one year (2025: one year) and are interest free.
\n
Company
\n
Transactions between the Company and its subsidiaries which are related parties, which are eliminated on consolidation, are disclosed as follows:
Interest and dividend income
from related parties
2026
2025
\u00a3m
\u00a3m
Non-trading transactions
Subsidiary undertakings
32.0
29.8
\n
The Company has provided performance guarantees in respect of certain operational contracts entered into between joint ventures and
\na Group undertaking.", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00341": { "value": "28 Related party transactions
Transactions between the Group and its related parties are disclosed as follows:
\n
Group
Sales to
Amounts owed by
related parties
related parties
2026
2025
2026
2025
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Trading transactions
Related parties
82.6
69.4
32.4
39.4
Interest and dividend income
from related parties
2026
2025
\u00a3m
\u00a3m
Non-trading transactions
Related parties
6.1
4.0
\n
Sales to related parties (all of which are to joint ventures and associates) are based on terms that would be available to unrelated third parties.
\n
Amounts owed by related parties consist predominantly of subordinated debt within the PPP and Other Investments portfolio, that if held to
\n
maturity would be due over the next 24 years (2025: 23 years). These receivables are unsecured, with interest rates varying between a range of
\n
9% and 12% (2025: 9% and 12%). Payables are due within one year (2025: one year) and are interest free.
\n
Company
\n
Transactions between the Company and its subsidiaries which are related parties, which are eliminated on consolidation, are disclosed as follows:
Interest and dividend income
from related parties
2026
2025
\u00a3m
\u00a3m
Non-trading transactions
Subsidiary undertakings
32.0
29.8
\n
The Company has provided performance guarantees in respect of certain operational contracts entered into between joint ventures and
\na Group undertaking.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00343": { "value": "29 Business combinations
On the 27 February 2026, the Group acquired 100% of the share capital of Nene Valley Fire and Acoustic Limited (\u201cNene Valley\u201d), an experienced
provider in the passive \ufb01re protection sector. The addition of Nene Valley will complement the Group\u2019s existing active \ufb01re protection operations,
enabling the enlarged business to offer complete \ufb01re safety solutions in-house and access wider market opportunities.
Consideration for the acquisition of Nene Valley was \u00a39.4m, comprising \u00a38.8m settled in cash and an estimated \u00a30.6m payable one year after the
completion date, subject to the \ufb01nalisation of certain procedures in accordance with the conditions of sale. The goodwill of \u00a38.1m arising from the
acquisition is primarily attributable to the technical pro\ufb01ciency of the acquired workforce and the strategic opportunities from supplementing this
acquired skill base with the Group\u2019s existing expertise.
The following table summarises the provisional consideration and fair value of the assets acquired and liabilities assumed.
\n\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0
\u00a3m
Recognised amounts of identi\ufb01able assets acquired and liabilities assumed
\u00a0
Property, plant and equipment (including right-of-use assets)
0.7
Intangible assets
1.0
Trade and other receivables
1.7
Cash and cash equivalents
0.7
Trade and other payables
(1.6)
Corporation tax liability
(0.3)
Lease liabilities
(0.6)
Deferred tax liability
(0.3)
Total identi\ufb01able net assets
1.3
Goodwill
8.1
Total
9.4
Consideration
\u00a0
Cash paid and deferred
9.4
Total
9.4
\n
The acquisition contributed \u00a32.9m of revenue and a pro\ufb01t before tax of \u00a30.4m in the period to 30 June 2026. If the acquisition had taken place at
1 July 2025, it would have contributed an estimated \u00a39.9m of revenue and a pro\ufb01t before tax of \u00a31.4m. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00344": { "value": "30
Events after the reporting date
On 17 September 2026, the Group announced a further share buyback programme of up to a maximum of \u00a315m, details can be found in the
announcement on the Group\u2019s investor website. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00345": { "value": "31 Adjusted performance measures
Throughout the Annual Report and Financial Statements, the Group has presented \ufb01nancial performance measures which are used to manage the
Group\u2019s performance. These \ufb01nancial performance measures are chosen to provide a balanced view of the Group\u2019s operations and are considered
useful to investors as they provide relevant information on the Group\u2019s performance. They are also aligned to measures used internally to assess
business performance in the Group\u2019s budgeting process and when determining compensation. An explanation of the Group\u2019s \ufb01nancial performance
measures and appropriate reconciliations to its statutory measures are provided below.
Providing clarity on the Group\u2019s adjusted performance measures
The Group has included this note and the enclosed explanations and reconciliations with the aim of providing transparency and clarity on the
measures adopted internally to assess performance. The APMs adopted by the Group are also commonly used in the sectors it operates in. This
additional information is not de\ufb01ned under international accounting standards and may therefore not be comparable with similarly titled pro\ufb01t
measures reported by other companies. It is not intended to be a substitute for, or superior to, international accounting standards measures of pro\ufb01t.
The Board believes that disclosing these performance measures enhances investors\u2019 ability to evaluate and assess the underlying \ufb01nancial
performance of the Group\u2019s operations and the related key business drivers.
Measuring the Group\u2019s performance
The following measures are referred to in this report:
Statutory measures
Statutory measures are derived from the Group\u2019s reported \ufb01nancial statements, which are prepared in accordance with UK adopted International
Accounting Standards and in line with the Group\u2019s accounting policies, which can be found in note 1.
The Group\u2019s statutory measures take into account all of the factors, including exceptional items which are not considered to re\ufb02ect the ongoing
underlying performance of the Group.
Adjusted performance measures
\n
In assessing its performance, the Group has adopted certain non-statutory measures that re\ufb02ect the underlying performance of the Group.
\n
These typically cannot be directly extracted from its \ufb01nancial statements but are reconciled to statutory measures below:
\n
a) Adjusted performance
\n
The Group adjusts for certain signi\ufb01cant irregular (exceptional) items which the Board believes assist in understanding the performance achieved
\n
by the Group as this re\ufb02ects the underlying and ongoing performance of the business. A reconciliation of the statutory measure to the adjusted
\n
measure is provided in the following tables. The exclusion of exceptional items as well as the amortisation of acquired intangibles seeks to re\ufb02ect the
\n
underlying and ongoing performance of the business with a consistent methodology across all the adjusted performance measures. The adjusting
\n
items and associated tax impacts that the Group has recognised are shown below.
\n
2026
2025
\u00a3m
\u00a3m
Amortisation of acquired intangible assets
(0.9)
(0.9)
Loss before tax
(0.9)
(0.9)
Associated tax credit on items above
0.2
0.2
Total
(0.7)
(0.7)
\n
A reconciliation of the statutory measure to the adjusted measure is provided in the following tables.
\n
b) Adjusted operating pro\ufb01t/(loss) and operating margin
\n
The Group presents operating pro\ufb01t excluding exceptional items and the amortisation of acquired intangible assets as this re\ufb02ects the ongoing
\n
performance of the business, which is referred to as adjusted operating pro\ufb01t/(loss). Operating margin re\ufb02ects the ratio of adjusted operating
\n
pro\ufb01t/(loss) and revenue. This differs from the statutory measure of operating pro\ufb01t which includes exceptional items and the amortisation of acquired
\n
intangible assets. Divisional adjusted operating margin is the combined adjusted operating margin of the Building and Infrastructure segments.
\n
A reconciliation of the statutory measure to the Group\u2019s performance measure is shown below, based on continuing operations:
\n
Building
Infrastructure
Investments
Central
Total
\u00a3m
\u00a3m
\u00a3m
\u00a3m
\u00a3m
Year ended 30 June 2026
Statutory operating pro\ufb01t/(loss)
33.1
33.4
(2.2)
(15.7)
48.6
exclude: amortisation of acquired intangible assets (note 10)
\u2013
0.9
\u2013
\u2013
0.9
Adjusted operating pro\ufb01t/(loss)
33.1
34.3
(2.2)
(15.7)
49.5
Revenue
951.0
971.6
8.5
\u2013
1,931.1
Adjusted operating margin
3.5%
3.5%
n/a
n/a
2.6%
Year ended 30 June 2025
Statutory operating pro\ufb01t/(loss)
28.1
26.5
(0.4)
(14.5)
39.7
exclude: amortisation of acquired intangible assets (note 10)
\u2013
0.9
\u2013
\u2013
0.9
Adjusted operating pro\ufb01t/(loss)
28.1
27.4
(0.4)
(14.5)
40.6
Revenue
964.7
902.5
8.0
\u2013
1,875.2
Adjusted operating margin
2.9%
3.0%
n/a
n/a
2.2%
\n
c) Adjusted pro\ufb01t before tax
\n
The Group uses a pro\ufb01t before tax measure which excludes exceptional items and amortisation of acquired intangible assets as noted above,
\n
whereas the statutory measure includes both.
\n
A reconciliation of the statutory measure to the Group\u2019s performance measure is shown below, based on continuing operations:
\n
2026
2025
\u00a3m
\u00a3m
Statutory pro\ufb01t before tax
55.0
44.1
exclude: amortisation of acquired intangible assets
0.9
0.9
Adjusted pro\ufb01t before tax
55.9
45.0
d) Adjusted earnings per share
In line with the Group\u2019s measurement of adjusted performance, the Group also presents its earnings per share on the same adjusted basis as
adjusted pro\ufb01t before tax. This differs from the statutory measure of earnings per share which includes both exceptional items and amortisation
of acquired intangible assets.
A reconciliation of the statutory measure to the Group\u2019s performance measure (post-tax) is shown below, based on continuing operations:
\n\n\n \n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
2026
\u00a0		 \u00a0
2025
\u00a0
\u00a0 \u00a0
Weighted
\u00a0 \u00a0
Weighted
\u00a0
\u00a0 \u00a0
average
\u00a0 \u00a0
average
\u00a0
\u00a0
Earnings
number of
EPS
Earnings
number of
EPS
\u00a0
\u00a3m
shares
pence
\u00a3m
shares
pence
Statutory results
41.2
98,876,195
41.7
33.6
99,627,362
33.7
exclude: amortisation of acquired intangible assets
0.7
n/a
n/a
0.7
n/a
n/a
Adjusted earnings per share
41.9
98,876,195
42.4
34.3
99,627,362
34.4
\nAdjusted diluted earnings per share is calculated as adjusted earnings per share diluted for dilutive securities of 4,392,345 (2025: 4,668,120) options. ", "dimensions": { "concept": "gfrd:DisclosureOfAlternativePerformanceMeasuresTextBlock", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00346": { "value": "(ii) Joint venture undertakings \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Proportion of
Financial
Entity name
Registered of\ufb01ce or principal place of business
capital held
year-end
Aberdeen Roads (Finance) PLC
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
Aberdeen Roads Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
Aberdeen Roads Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
33%
31-Dec
ACP: North Hub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Dec
GBV JV Limited
3 Frayswater Place, Uxbridge, UB8 2AD
50%
30-Jun
GT Equitix Inverness Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Mar
GT Equitix Inverness Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
31-Mar
Hub South East Scotland Limited
8 Melville Street, Edinburgh, EH3 7NS
50%
31-Mar
Space Scotland Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
83%
1
31-Mar
\n
The above entities are all incorporated in the UK and considered to be joint ventures, based on the shareholding agreements in place.
1
Treated as a joint venture as indicated by its joint venture agreement. ", "dimensions": { "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } }, "TagsThatMustBeAppliedIfCorrespondingInformationIsPresentInAReport_Label_00347": { "value": "(iii) Associated and other signi\ufb01cant undertakings \n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\u00a0 \u00a0
Proportion of
\u00a0 \u00a0
capital held
Entity name
Registered of\ufb01ce or principal place of business
by class
Aberdeen Community Health Care Village Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Alliance Community Partnership Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
10%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
ELCH DBFM Holdco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
ELCH DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Galliford Try Qatar LLC
PO Box 11726 Doha, State of Qatar (incorporated in Qatar)
49%
Hub North Scotland (Alford) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (FWT) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (I&F) Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (I&F) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (O&C) Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland (O&C) Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub North Scotland Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
30%
Hub South West Scotland Limited
2 Atlantic Square, 31 York Street, Glasgow, Scotland G2 8AS
6%
Hub SW Cumbernauld DBFMCo Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
6%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
Hub SW Cumbernauld Holdco Limited
Avondale House Suites 1b-1e, Phoenix Crescent, Strathclyde Business
6%
\u00a0
Park, Bellshill, North Lanarkshire, Scotland, ML4 3NJ
\u00a0
James Gillespie\u2019s Campus Subhub Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
James Gillespie\u2019s Campus Subhub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
JICC DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
JICC DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
KHS DBFM HoldCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
KHS DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
LBP DBFM Holdco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
LBP DBFMco Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Newbattle DBFM HoldCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Newbattle DBFMCo Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
QHS DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
QHS DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
REH Phase 1 Subhub Holdings Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
REH Phase 1 Subhub Limited
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
WCHS DBFMCo Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
WCHS DBFM Holdco Ltd
2nd Floor, 2 Lochside View, Edinburgh, Scotland, EH12 9DH
50%
Urban Vision Partnership Limited
First Floor, 2 Kingdom Street, Paddington, London, W2 6BD
30%
\n
The above entities are all incorporated in the UK except Galliford Try Qatar LLC, which is incorporated in Qatar.
Entities listed above with 50% ownership percentage are treated as associates, as indicated by their ownership agreements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:213800MR6DRHCJIV8113", "period": "2025-07-01T00:00:00/2026-07-01T00:00:00" } } } }