Graham delivers record results as revenue surges
Graham has delivered another year of strong financial and operational performance, achieving significant growth in revenue, profitability and cash generation while securing major project awards and strategic framework appointments across its core markets.
For the year ended 31 March 2026, the construction and development company group revenue rose 16% to £1.23 billion, up from £1.06 billion, with profit before tax increasing 42% to £35.8 million.
The group further strengthened its financial position, ending the year with £260.7 million in cash and cash equivalents and increasing net assets to £113.7 million.
Financial highlights included:
l Revenue up 16% to £1.23bn;
l Gross profit increased to £88.5m;
l Profit before tax up 42% to £35.8m;
l Cash and cash equivalents at £260.7m;
l Net assets increased to £113.7m;
l Strong balance sheet with low external debt;
l Major project wins and strategic progress.
Graham secured landmark projects across education, healthcare, infrastructure, residential development and facilities management.
A key award was the £286 million redevelopment of Cambridge Halls for UNITE Students and Manchester Metropolitan University, delivering over 2,300 student bedrooms to BREEAM “Excellent” standards.
The group strengthened its education sector presence through appointment to the Department for Education’s £15 billion CF25 Construction Framework, alongside major projects for the University of East London, Loughborough University and multiple school redevelopment programmes.
In healthcare, Graham was appointed to the Hospital 2.0 Alliance Framework under the New Hospital Programme.
Graham’s civil engineering division secured 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 also expanded in the Republic of Ireland through the BusConnects Core Bus Corridor Scheme in Dublin, establishing a permanent presence in the capital.
Interior fit-out delivered more than £100 million of projects, including major commissions for Nike and HSBC.
Graham Asset Management continued its growth through partnerships with the Royal Borough of Kensington and Chelsea and London Metropolitan University.
Planning approval was also secured for a 446-bed student accommodation development at Hydepark Street, Glasgow.
Chief Operating Officer Jonathan Hall said the results “demonstrate the strength and resilience of our business and the breadth of opportunities available across our chosen markets.”
CEO Andrew Bill will retire on 31 August after more than four decades with the business. Courtney McCormick, currently Group CFO, will become CEO on 1 September.
Chairman Michael Graham praised Bill’s “exceptional contribution” and said Mr McCormick brings “extensive leadership, commercial and strategic experience.”
Courtney McCormick added: “Graham enters the next chapter of its journey from a position of real strength.”