Dividends
- The Board is declaring an interim dividend of 4.0 pence per share (H1 24/25: 4.0 pence per share). The interim dividend will be paid on 7 April 2026 to shareholders on the register at close of business on 6 March 2026. The shares will be marked ex-dividend on 5 March 2026.
Other Highlights
- Net reservation rates on open-market sales of 0.55 in the five weeks to 6 February 2026 are up 38% on the 3 months to December 2025 albeit not yet at the levels experienced during the same five-week period last year.
- The bulk market has softened further, as investors remain cautious and focused on pricing. Margins continue to be pressured as net selling price increases are outpaced by build costs, experiencing increasing regulatory and tax headwinds.
- The Board ended the period with net debt of £22.5m (31 December 2024: £18.1m) which reflects the opening of nine new build sites and investment in build activity on established sites ahead of the important Spring selling season.
- Looking further ahead, following implementation of project Transform, along with the progress being made in Gleeson Land, positions the Group to deliver strong growth over the medium term.
