UK's Mountview Estates prelim FY profit falls 13% on higher costs

Mountview Estates

18/06/2026 07:24

Overview
UK property firm's preliminary full-yr revenue dipped less than 1%
Preliminary EPS fell about 13% as cost of sales rose
Company maintained final dividend at 275p per share

Outlook
Company says it will remain cautious in making new purchases amid challenging market conditions

Result Drivers
HIGHER COST OF SALES - Gross profit declined as cost of sales rose by over 11%, outpacing the small drop in revenue
GOVERNMENT POLICY IMPACT - CEO said government actions have stifled growth in the housing market, affecting company performance
REDUCED FINANCE COSTS - Net finance costs fell by over 20%, partly due to fewer purchases and a cautious acquisition strategy

Company press release: ID:nRSR8199Ia

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
GBP 71.8 mln
 
FY EPS
 
GBP 5.22
 
FY Basic EPS
 
GBP 5.22
 
FY EBIT
 
GBP 31.11 mln
 
FY Gross Profit
 
GBP 38.56 mln
 
FY Pretax Profit
 
GBP 27.15 mln

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(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.)