GRAHAM has reported a year of robust financial and operational performance, posting significant growth in revenue, profitability and cash generation while securing a series of major project awards that reinforce its position across key markets.
For the year ended 31 March 2026, Group revenue rose by 16% to £1.23 billion, up from £1.06 billion the previous year. Profit before tax increased by 42% to £35.8 million, reflecting strong delivery across all business units and disciplined project selection.
The Group also strengthened its financial position, ending the year with £260.7 million in cash and cash equivalents and net assets of £113.7 million, underlining a balance sheet characterised by low external debt and strong liquidity.
Performance was driven by sustained growth across GRAHAM’s Building, Civil Engineering, Interior Fit-Out, Facilities Management and Investment divisions, supported by continued investment in long-term client relationships and operational excellence.
Jonathan Hall, Chief Operating Officer, said:
“These results demonstrate the strength and resilience of our business and the breadth of opportunities available across our chosen markets. The quality of projects and frameworks secured during the year provides excellent visibility and gives us confidence in the future.”
The year saw GRAHAM secure a number of high-profile projects and strategic framework appointments across sectors including education, healthcare, infrastructure and residential development.
Among the standout wins was the £286 million redevelopment of Cambridge Halls for UNITE Students and Manchester Metropolitan University, which will deliver more than 2,300 student bedrooms and target BREEAM “Excellent” standards.
The Group further strengthened its presence in the education sector through its appointment to the Department for Education’s £15 billion CF25 Construction Framework, alongside projects for the University of East London, Loughborough University and a series of major school redevelopments.
In healthcare, GRAHAM was appointed to the Hospital 2.0 Alliance Framework, supporting delivery of next-generation facilities under the UK Government’s New Hospital Programme.
Civil Engineering also performed strongly, securing the £71 million Central Docks Infrastructure Scheme at Liverpool Waters and a place on National Highways’ £968 million Legacy Concrete Roads Reconstruction Framework.
The business expanded its footprint in the Republic of Ireland through the BusConnects Core Bus Corridor Scheme in Dublin, establishing a permanent presence in the capital to support future growth.
Within Interior Fit-Out, GRAHAM delivered more than £100 million of projects and secured major commissions with clients including Nike and HSBC, while GRAHAM Asset Management continued to grow through partnerships with the Royal Borough of Kensington and Chelsea and London Metropolitan University.
The Group also achieved a key development milestone with planning approval for a 446-bed purpose-built student accommodation scheme at Hydepark Street in Glasgow.
The results come ahead of a planned leadership transition, with Chief Executive Officer Andrew Bill set to retire on 31 August 2026 after more than 40 years with the business. He will be succeeded by Courtney McCormick, currently Group Chief Financial Officer.
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Michael Graham, Chairman, said:
“Andrew has made an exceptional contribution to GRAHAM and leaves the business in a position of considerable strength. On behalf of the Board, I would like to thank him for his dedication, leadership and commitment over many years. We are delighted to appoint Courtney as Chief Executive Officer. He has been instrumental in shaping the business we are today and brings extensive leadership, commercial and strategic experience to the role.”
Courtney McCormick added:
“These results reflect the outstanding commitment of our people and the trust our clients place in us every day. We have built strong momentum across all our business units, secured an excellent portfolio of future opportunities and maintained the financial strength needed to support sustainable growth. GRAHAM enters the next chapter of its journey from a position of real strength and I look forward to working with colleagues across the Group to build on this success for our clients, people and communities.”
With a strong balance sheet, a growing order book and a diverse pipeline of opportunities across the UK and Ireland, GRAHAM says it is well positioned to deliver sustainable long-term growth and continued impact across the sectors it serves.
