5th Mar 2026 11:07
(Alliance News) - Taylor Wimpey PLC on Thursday said the spring selling season has started well, with encouraging levels of customer interest, as it reported reduced 2025 profit.
The High Wycombe, England-based housebuilder said pretax profit dropped 54% to GBP146.5 million in 2025 from GBP320.3 million in 2024, despite a 13% increase in revenue to GBP3.84 billion from GBP3.40 billion.
Exceptional costs in the year, before tax and interest, totalled GBP243.8 million consisting of the net cladding fire safety provision increase of GBP225.8 million and costs related to the voluntary agreement with the Competition and Markets Authority of GBP18.0 million.
Adjusted operating profit edged up 1.1% to GBP420.6 million from GBP416.2 million with an adjusted margin of 10.9%, down from 12.2%.
Group completions, including joint ventures, of 11,229 were higher than 10,593 in 2024.
UK home completions, excluding joint ventures of 10,614 rose from 9,972, including 2,220 affordable homes, up from 2,178.
Taylor Wimpey said UK net private sales rate of 0.75 homes per outlet per week in 2025 was flat on-year.
The UK average selling price on private completions rose to GBP374,000 from GBP356,000.
The builder outlined an updated distribution policy which it said will maintain overall distributions at 7.5% of net assets per annum.
The firm cut the final dividend to 2.95 pence per share from 4.66p a year ago while announcing a share buyback of GBP 52 million intended to be completed by the end of June.
The final dividend took the total payout to 7.62p, down from 9.46p.
"The board believes that the greater flexibility provided by this approach is in the best interests of all shareholders," the company said.
Taylor Wimpey said the spring selling season has started well, with encouraging levels of customer interest.
Year to date net private sales rate is 0.74 per outlet per week, the firm said, a touch lower than 0.76 a year ago.
It expects 2026 performance to be more second half weighted with around 40% of completions in the first half and forecast adjusted operating profit to be around GBP400 million.
"We are on track to open more outlets in 2026 than in 2025 and continue to expect average outlets to increase year on year in 2026 and into the medium term. Newer land will help drive margin progress from 2027 onwards and we will continue to unlock value through operational excellence, protecting and maximising returns," the firm added.
Shares in Taylor Wimpey were up 1.9% at 103.80p each in London on Thursday.
By Jeremy Cutler, Alliance News reporter
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