UK's Persimmon FY revenue and profit beat estimates

Persimmon

10/03/2026 07:07

Overview

UK homebuilder's FY 2025 revenue and adjusted pretax profit beat analyst expectations

Company reported 12% increase in home completions, supporting revenue growth

Company expanded land holdings by 3%, enhancing future growth potential

Outlook

Persimmon expects 2026 completions between 12,000 and 12,500 homes

Company plans to open over 100 new outlets in 2026

Persimmon monitoring Iran conflict impact on market conditions

Result Drivers

COMPLETIONS GROWTH - Persimmon reported a 12% increase in home completions, driven by strategic investments and operational improvements

BRAND DIVERSIFICATION - Growth across all three brands, with Charles Church and Westbury Partnerships contributing significantly to completions

LAND INVESTMENT - Increased land holdings and strategic acquisitions supported future growth, with a 10% increase in strategic land pipeline

Company press release: ID:nRSJ9449Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
GBP 3.75 bln
GBP 3.53 bln (19 Analysts)
FY Adjusted Pretax Profit
Beat
GBP 445.60 mln
GBP 437.81 mln (17 Analysts)
FY Adjusted Operating Margin
14.30%
FY Adjusted Operating Profit
GBP 472.10 mln
FY Dividend
GBP 0.60
FY Pretax Profit
GBP 397.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy"

Wall Street's median 12-month price target for Persimmon PLC is GBp1,620.00, about 32.4% above its March 9 closing price of GBp1,223.50

The stock recently traded at 12 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.)