The Crest Nicholson Holdings Plc Board declared an interim dividend of 1.3 pence per share, payable on 10 October 2025 to shareholders on the register on 19 September 2025.
Other financial highlights include:
Volume reduction was driven by the Group's new strategy to increase profitability by focusing on open market homes in the mid premium segment. Volume totalling a further 112 units from existing PRS contracts will be fully delivered by the end of FY26
HY25 open market sales per outlet week at 0.53 (HY24: 0.47) with significant improvement in sales rate since mid January (0.61) as the early benefits of improved sales execution are realised
Average outlets in the half at 40 (HY24: 45)
Adjusted operating profit increased 92% to £11.9m (HY24: £6.2m) as a result of lower completed site costs, lower NRV charges and lower administrative expenses
£11.8m combustibles recovery recognised in exceptional items following settlements with third parties in respect of three buildings. Modest net increase in provision of £2.4m from latest forecast remediation estimates
Early benefits (£29.9m), from the Group's inventory reduction programme helped to deliver better than expected net debt at £71.5m (FY24: £8.5m)
Significant reduction in HY25 land creditors to £77.8m (FY24: £131.6m)
