Dividend
- Proposed final dividend of 4.62p (2024: 4.62p), bringing the total dividend for the year to 7.86p (2024: 7.70p), an increase of 2.1%. Subject to approval at the AGM on 21 May 2026, this will be paid on 29 May 2026 to shareholders on the register at the close of business on 01 May 2026.
- The decision to hold the final dividend at last year's level is consistent with the company's policy to invest selectively across the group while acknowledging the importance of delivering an income return to shareholders.
Other Financial Highlights
- Revenue marginally lower at £307.0m (2024: £325.8m) due to reduced turnover in the company's home building segment, partially offset by higher land promotion sales.
- Profit before tax, including initial profit recognition on disposal of Henry Boot Construction (HBC), broadly in line with market expectations at £29.1m (2024: £30.7m), supported by record plot sales. Profit before tax from continuing operations £26.4m (2024: £28.4m).
- Net debt at December 2025 was £108.0m (2024: £62.7m) with gearing at 25.7% (2024: 14.7%) as a result of the investment in SBH land bank to support future growth and the reduction in cash from the sale of HBC.
- Total land and property sales of £356m, Boot (Henry)'s share at £193m (2024: £347m: £224m the company's share), highlights particularly strong demand from housebuilders for high quality residential land.
