REG - Harworth Group PLC - Harworth delivers FY2025 headline sales of £110.2m

HarworthAnnouncement

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RNS Number : 3062P  Harworth Group PLC  19 January 2026

HARWORTH GROUP PLC

('Harworth' or the 'Group' or the 'Company')

 

Harworth delivers FY2025 headline sales of £110.2m

Harworth Group plc (LSE: HWG), a leading regeneration, strategic land owner
and developer, has completed headline sales of £92.5m in H2-2025, bringing
total sales for FY2025 to £110.2m.

 

Key highlights include:

·    25 transactions completed with £58.2m of sales across I&L(1) and
£52.0m(2) of Residential plot sales.

·    Industrial & Logistics ('I&L'): Sale of five(3) core
Investment Portfolio assets totalling 0.8m sq ft for a headline sales value of
£47.7m, reflecting a blended net initial yield of 7.6%, and overall were
ahead of June 2025 book values. Taking into account announced sales and
250,000 sq ft of new development delivery over 2025, the Investment Portfolio
is now 75%(4) Grade A by value, (2024: 63%).

·    Residential plots: Sale of 1,837 total plots(5), in-line with the
four-year average and business plan expectations on the back of record 2024
sales volumes. Overall, sales completed at a discount to June 2025 book
values, reflecting prevailing market conditions. A further 746 plots are
conditionally exchanged, with 155 plots expected to complete imminently.

 

Lynda Shillaw, Chief Executive of Harworth, commented: "I am encouraged by the
level of sales achieved against a challenging macroeconomic backdrop. The
delayed Budget weighed on investor sentiment in H2, pushing many transactions
into the final weeks of the year.

 

"Our disciplined disposal and recycling programme in conjunction with our
self-imposed target LTV of below 20% at year-end remains fundamental to our
capital allocation plan to unlock value for our sites. In line with our
ambition for the total portfolio to be 85% weighted to I&L, we are
reinvesting proceeds primarily into I&L opportunities and expanding our
development pipeline as a key driver of growth.

 

"A core component of our Investment Portfolio strategy is to improve the
quality to Grade A through development, active asset management, and selling
assets where we have completed asset management plans. Since the strategy was
launched in 2021, the team have transformed the portfolio, improving Grade A
to 75%, by value, up from 23%.

 

"The quality of our serviced land product, the expertise of our team and our
deep market relationships underpin our confidence in bringing forward an
attractive development pipeline to expand our Investment Portfolio and
generate development profits and cash."

 

Financial calendar key dates

Harworth will announce a Trading Update for the year ended 31 December 2025
later this month, followed by its Preliminary Results announcement and
Investor & Analyst Presentation on 17 March 2026.

 

Notes

1. £47.7m of I&L IP sales and £10.5m of Natural Resources and other
I&L

2. Includes element of deferred consideration

3. A19 Business Park (North Yorkshire), Brierley Hill (West Midlands), McLaren
unit at AMP (South Yorkshire), Sherburn in Elmet (West Yorkshire) and 6 acres
of open storage at Saturn Business Park (Merseyside)

4. Prior to 31 December 2025 valuations

5. 725 of Planning Promotion Agreement (PPA) plot sales and 1,112 freehold
Residential plots generating £52.0m of headline sales

-ENDS-

 

For further information

 

 Harworth Group plc
 Lynda Shillaw (Chief Executive)             T: +44 (0)114 349 3131

 Kitty Patmore (Chief Financial Officer)     E: investors@harworthgroup.com (mailto:investors@harworthgroup.com)

 Juliana Weiss Dalton (Investor Relations)

 FTI Consulting
 Dido Laurimore                              T: +44 (0)20 3727 1000

 Richard Gotla                               E: Harworth@fticonsulting.com (mailto:Harworth@fticonsulting.com)

 Eve Kirmatzis

 

About Harworth

Harworth Group plc (LSE: HWG), is a leading regeneration, strategic land owner
and developer focused on the Industrial & Logistics (I&L) and
Residential sectors. We own, develop, and manage a portfolio of over 15,000
acres of Strategic Land over 100 sites located throughout the North of England
and Midlands. We specialise in delivering long-term value for all stakeholders
by regenerating large, complex sites, into new I&L developments and
serviced remediated land for sale into the I&L and Residential land
markets. Our long-term through-the-cycle business model is to create
sustainable places, support new homes, jobs and communities where people want
to live and work. Visit www.harworthgroup.com for further information. LEI:
213800R8JSSGK2KPFG21

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