Business
Trading Statement
Henry Boot PLC expects full-year profits for 2025 to be broadly in line with market expectations, driven by strong demand for its residential land and strategic progress including accelerating planning applications for over 11,000 plots and the sale of Henry Boot Construction. Despite subdued market activity, industrial property saw 4.8% rental growth. The company ended 2025 with net debt of approximately £108m, leading to gearing slightly above its preferred range. Hallam Land achieved a record 3,957 residential plot sales, while HBD completed schemes with a gross development value of £119m. Stonebridge Homes completed 185 homes, below expectations due to planning delays. Looking ahead, Henry Boot anticipates 2026 profit before tax to be significantly below current market expectations due to a lower forward sales position and the expiry of the Road Link contract. Disclaimer*
About this update from Henry Boot Plc
[{"type":"text","content":"\n\n \n \n \n\n\nHENRY BOOT PLC\n('Henry Boot' or the 'group')\n \nTRADING UPDATE FOR THE YEAR ENDED 31 DECEMBER 2025\n \nHenry Boot, a company engaged in land promotion, property investment and development, and home building, is today issuing a trading update for the year ended 31 December 2025 ahead of the announcement of its full year results on 24 March 2026.\n \nTim Roberts, Chief Executive Officer, commented:\n \n\"Despite the uncertain backdrop, we have delivered a resilient performance in 2025, underpinned by continued demand for our high quality land. As a result, we expect full year profits to be broadly in line with market expectations. Across the group, we have made good strategic progress, accelerating planning applications for over 11,000 plots within Hallam Land, strengthening our housebuilders' landbank and simplifying the group through the sale of Henry Boot Construction. All of this activity positions us well for the medium term.\n \nWhile market activity remains subdued, the fundamentals of our three key markets remain compelling, and we are well placed to benefit from the significant opportunities we have been building up within our portfolio, supported by a strong balance sheet and a disciplined approach to investment.\"\n \nTrading update for the year ended 31 December 2025\n \nHenry Boot delivered a resilient performance in 2025, despite ongoing global political and economic uncertainty, with particularly strong demand for our high quality residential land.\n \nWe have made good strategic progress across the group, including building on our attractive pipeline of opportunities:\n\nFast‑tracked several planning applications ahead of anticipated favourable policy changes, growing our consented plots within Hallam Land;\nIncreased our ownership of Stonebridge Homes (SBH) and strengthened its landbank to support future growth;\nIntroduced organisational and management changes through our Future Ways of Working programme to improve agility, resilience, responsiveness and efficiency; and\nCompleted the sale of Henry Boot Construction (HBC), a significant step in simplifying the group and sharpening our focus on high quality land, prime property development and premium homes.\n\n \nAcross our markets, transaction volumes remain subdued, with deals taking...