Bellway plc have proposed a final dividend of 70.0pence per share, subject to shareholder approval, which will be paid on 14 January 2026 to all ordinary shareholders on the Register of Members on 5 December 2025. The ex-dividend date is 4 December 2025. At the record date for the final dividend for the year ended 31 July 2024.
Other financial highlights include:
Growth in total housing completions of 14.3% to 8,749 homes (2024 - 7,654) at an average selling price of £316,412 (2024 - £307,909).
Underlying operating profit increased by 27.5% to £303.5m (2024 - £238.1m) and the underlying operating margin was in line with expectations at 10.9%2,3 (2024 - 10.0%).
The private reservation rate per outlet per week, including bulk sales, of 0.57 was 11.8% higher than the prior year (2024 - 0.51). The private reservation rate excluding bulk sales increased by 6.1% to 0.52 (2024 - 0.49).
While the private reservation rate improved in the second half of the financial year to 0.62 compared to 0.51 in the first half, a solid period of demand through the spring was followed by softer trading in the final quarter.
Growth in underlying profit before taxation of 27.9% to £289.1m (2024 - £226.1m).
Significant increase in adjusted operating cashflow to £638.9m (2024 - £425.2m).
Adjusting items relating to legacy building safety included £37.4m (2024 - £19.9m) for the net increase in overall cost estimates. The adjusting finance expense of £14.4m (2024 - £17.1m) was in line with previous guidance, and the overall net legacy building safety adjusting expense, before taxation, was £51.8m (2024 - £37.0m).
The costs and voluntary payment associated with the Competition and Markets Authority ('CMA') investigation totalled £15.4m (2024 - £nil) and have been treated as an adjusting item.
Reported profit before taxation was £221.9m (2024 - £183.7m).
Driven by an improvement in asset turn and the underlying operating margin, underlying pre-tax RoE was 170 bps higher at 8.2% (2024 - 6.5%) and underlying RoCE increased by 160 bps to 8.7% (2024 - 7.1%6).
