Homebuilder MJ Gleeson slips on half-year profit slump, 'cautious' outlook

MJ GLEESON

11/02/2026 08:17

** Shares of British homebuilder MJ Gleeson GLEG.L down 11% at 351 pence

** Co reports half-year pretax profit of 1.7 million euros ($2.03 million), down from 3.6 million euros a year earlier

** Also reports half-year total revenue of 173.1 million euros versus 157.9 million euros a year earlier

** Co says it remains "cautious for the full-year outturn"

** "Margins continue to be pressured as net selling price increases are outpaced by build costs, and we are experiencing increasing regulatory and tax headwinds," co says

** In 2025, stock lost roughly 17%

   ($1 = 0.8393 euros)

 (Reporting by Megha Kumari)

 ((Megha.Kumari@thomsonreuters.com;))