Business
Full Year Results
Watkin Jones plc reported full-year results for the year ended 30 September 2025, with revenue of £279.8 million, a decrease from £362.4 million in the prior year, and an operating profit before exceptional items of £6.3 million, down from £10.6 million. The company incurred a statutory loss before tax of £8.7 million, impacted by £14.3 million in exceptional costs including land and asset impairments and building safety provisions. Despite the revenue decline, Watkin Jones maintains a strong future pipeline of £2 billion in development opportunities and ended the year with adjusted net cash of £70.5 million. Disclaimer*
About this update from Watkin Jones Plc
[{"type":"text","content":"\n\n16 December 2025\n \nWatkin Jones plc\n('Watkin Jones' or the 'Group')\n \n \nFull Year Results for the year ended 30 September 2025\n \nResilient FY25 performance with £2bn of future pipeline opportunities\n \nThe Group announces its annual results for the year ended 30 September 2025 ('FY25').\n \n\n\n\n\n\n\n\nAdjusted Results (1), (2)\n\n\nStatutory Results\n\n\n\n\n\n\n\nFY25\n\n\nFY24\n\n\nFY25\n\n\nFY24\n\n\n\n\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n\n\n\nRevenue\n\n\n£279.8m\n\n\n£362.4m\n\n\n£279.8m\n\n\n£362.4m\n\n\n\n\nGross profit\n\n\n£26.5m\n\n\n£33.8m\n\n\n£19.4m\n\n\n£33.8m\n\n\n\n\nOperating profit/(loss)\n\n\n£6.3m\n\n\n£10.6m\n\n\n£(5.8m)\n\n\n£3.6m\n\n\n\n\nProfit / (loss) before tax\n\n\n£5.6m\n\n\n£9.2m\n\n\n£(8.7m)\n\n\n£(0.3m)\n\n\n\n\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n\n\n\nBasic earnings / (loss) per share\n\n\n2.3p\n\n\n3.5p\n\n\n(3.3p)\n\n\n0.7p\n\n\n\n\nAdjusted net cash3\n\n\n£70.5m\n\n\n£83.4m\n\n\n \n\n\n\n\n\n\n\n \n(1) For FY25 Adjusted gross profit, Adjusted operating profit, Adjusted profit before tax and Adjusted earnings per share are calculated before the impact of exceptional charges of £7.1 million of land and asset impairments within Cost of sales, £5.0 million provided for remedial costs associated with building safety within Administrative expenses, and £2.2 million for the unwinding of the discount rate on the building safety provision within Finance costs.\n(2) For FY24 Adjusted operating profit, Adjusted profit before tax and Adjusted earnings per share are calculated before the impact of exceptional charges of £7.0 million provided for remedial costs associated with building safety within Administrative expenses and £2.5 million for the unwinding of the discount rate on the building safety provision within Finance costs.\n(3) Adjusted net cash is stated after deducting interest bearing loans and borrowings, but before deducting IFRS 16 operating lease liabilities of £33.6 million at 30 September 2025 (30 September 2024: £40.8 million).\n \nFY25 Highlights\n· Revenue of £279.8 million:\n- Predominantly derived from previously sold developments on site together with three new development partnerships entered into during the period;\n· Good...