UK's Henry Boot 2025 revenue misses estimates on weak housing market

Henry Boot

24/03/2026 07:10

Corrects FY Pretax Profit figure in Key Details table to GBP 29.10 mln from GBP 26.40 mln

Overview

UK real estate and home builder's 2025 revenue declined and missed analyst expectations

Pretax profit from continuing operations fell yr/yr, impacted by slower house sales and cost overruns

Company completed sale of Henry Boot Construction and increased ownership in Stonebridge Homes

Outlook

Henry Boot expects FY26 performance to be second half weighted due to timing of transactions

Company anticipates Hallam Land will have another good year, but profit per plot may be lower

Henry Boot says business is well positioned to deliver revised FY26 market expectations if Middle East conflict is not prolonged

Result Drivers

RECORD LAND SALES - Hallam Land achieved record residential plot sales, driven by strong demand from housebuilders and accelerated planning activity

SLOWER HOUSE SALES AND COST OVERRUNS - Home building segment was impacted by slower trading conditions, delays in planning, and cost overruns at Stonebridge Homes

EFFICIENCY PROGRAMME - Group reduced central overheads by 20% through its Future Ways of Working programme, with further savings anticipated

Company press release: ID:nRSX8544Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
GBP 307 mln
GBP 316.78 mln (5 Analysts)
FY Pretax Profit
GBP 29.10 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

Wall Street's median 12-month price target for Henry Boot PLC is GBp285.00, about 63.8% above its March 23 closing price of GBp174.00

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)