Persimmon Plc (PSN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Persimmon PLC Trading Update conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star, 1, 1 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw a question, please press star, 1, and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to our first speaker today, Dean Finch, CEO. Please go ahead. Good morning and thank you for joining Andrew and I today. As usual, I'll say a few words by way of overview and then hand over for the Q&A. As you can see from our statement, we have delivered a strong end to the year with 12% growth in completions. This means that we expect to be reporting an underlying profit before tax at the upper end of expectations, this also being double-digit growth, as well as growth in margins. We believe that this organic growth in completions is one of our strongest on record. I would like to thank my brilliant colleagues at Persimmon, as well as our supportive subcontractor base and supply chain for this fantastic result. Our people went above and beyond in the final quarter of last year and I want to place on the record my grateful appreciation of this. This growth in completions is made up of 30% growth in affordable, 20% growth in PRS and 6% growth in private, with the private growth largely driven by growth in outlets. We also saw 5% growth in private ASP, and 4% growth in affordable ASP, giving us a blended growth in ASP overall of 4%. We also make good progress in opening outlets over the year, ending at 277. Forwa...