REG - Taylor Wimpey PLC - Trading Statement

Taylor WimpeyAnnouncement

Today 07:00

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RNS Number : 1426H  Taylor Wimpey PLC  12 November 2025

 

        12 November 2025

        Taylor Wimpey plc

        Trading statement

 

Resilient performance despite a more challenging market

Jennie Daly, Chief Executive, commented:

 

"We have delivered a resilient performance thanks to the hard work of our
teams on the ground. Market conditions remain challenging, impacted by
uncertainty ahead of the upcoming UK Budget and continued affordability
pressures.

We welcome the Government's planning reforms, and we hope to see continued
momentum to enable the supply of much needed new homes across the UK as focus
moves to the implementation phase. However, the Government's housing
ambitions, and the significant economic and social benefits of increased
housing supply can only be unlocked by effective demand, particularly for
affordability constrained first time buyers.

Taylor Wimpey is a strong and agile business, and we remain well positioned to
capitalise on the improving planning environment, generating value from our
high-quality, well-located landbank, while advancing new opportunities in our
pipeline. Looking ahead, UK housing market fundamentals are highly compelling.
As set out at our recent Investor and Analyst event, we remain confident in
our ability to deliver profitable growth and maximise shareholder returns over
the medium term."

UK trading

Reflecting current uncertainty in the housing market ahead of the November
Budget, we continue to experience softer market conditions in the second half
of the year to date. As a result, for the period from 30 June to 9 November
2025 the net private sales rate per outlet per week was 0.63 (2024: 0.71),
with a cancellation rate of 17% (2024: 17%). Excluding the impact of bulk
deals, we achieved a net private sales rate of 0.61 (2024: 0.68) in the
period.

For the year to date, we have achieved a net private sales rate of 0.72 (2024:
0.73), with a cancellation rate of 16% (2024: 15%). Excluding the impact of
bulk deals, our net private sales rate for the year to date was 0.68 (2024:
0.68).

Our order book excluding joint ventures as at 9 November 2025 stood at 7,253
homes (2024: 7,771 homes), with a value of c.£2,116 million (2024: c.£2,214
million).

Underlying pricing remains broadly flat, and we continue to expect low single
digit build cost inflation in 2025 as previously flagged.

 

Outlet openings are progressing in line with our expectations. In the second
half to date, we operated from an average of 210 outlets (2024: 208), and for
the year to date have opened 51 outlets compared to 34 for the comparable
period last year.

We remain focused on driving landbank efficiency and optimising returns.
Supported by Government initiatives, we are seeing better engagement with
local authorities and have experienced some recent planning successes. We
expect further improvements as policy is implemented by local authorities and
after the Planning and Infrastructure Bill is passed.

As at the end of October 2025, our short term landbank stood at c.75k plots
(29 June 2025: c.76k plots) and our strategic land pipeline stood at c.135k
potential plots (29 June 2025: c.135k potential plots). In the year to date,
we have converted c.2k plots from our strategic pipeline (2024: c.4k plots).

Outlook

We continue to expect to deliver full year 2025 UK completions and Group
operating profit* in line with our previous guidance(1), and remain on track
to close out the year operating from 210-215 outlets as previously guided.

Against a backdrop of continued subdued consumer sentiment, we remain focused
on managing the business tightly to generate value from our strong landbank to
deliver profitable growth and maximise shareholder returns over the medium
term.

 

* Operating profit is defined as profit on ordinary activities before
financing, exceptional items and tax, after share of results of joint
ventures.

(1) As at 30 July 2025, Company guidance was for 2025 UK completions excluding
joint ventures of between 10,400 to 10,800 homes and for 2025 Group operating
profit including joint ventures of c.£424 million.

 

 

Note:

2024 relates to 2024 equivalent trading period, unless stated otherwise.

 

-Ends-

CEO Jennie Daly and Group Finance Director Chris Carney will be hosting a
conference call and Q&A for analysts and investors at 9.00am on 12
November 2025. The call will be recorded and streamed live to our website:

https://www.taylorwimpey.co.uk/corporate/investors/results-and-reports
(https://www.taylorwimpey.co.uk/corporate/investors/results-and-reports)

For further information please contact:

Taylor Wimpey plc
 
Tel: +44 (0) 1494 885656

Jennie Daly, Chief Executive

Chris Carney, Group Finance Director

Debbie Archibald, Investor Relations

Andrew McGeary, Investor Relations

 

FGS Global
 
TaylorWimpey-LON@fgsglobal.com

Faeth Birch

 

 

Notes to editors:

Taylor Wimpey plc is a customer-focused homebuilder, operating at a local
level from 22 regional businesses across the UK. We also have operations in
Spain.

For further information please visit the Group's website:
www.taylorwimpey.co.uk/corporate

Follow our company page on LinkedIn, Taylor Wimpey plc

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