Bellway has delivered “robust” financial results, as operational improvement and strong cash generation lifts investor returns.
The housebuilder intends to pay dividends worth £150 million to shareholders through a buyback programme during FY27, with the first tranche of £50 million rising to £75 million.
During FY26, dividends had increased by 7.1 per cent to 75 pence per share, up from 70 pence the previous year.
Meanwhile, Bellway’s total housing completions increased by 10.8 per cent, to 9,695 homes (FY25: 8,749), at an average selling price of £324,404 (FY25: £316,412).
Revenue also jumped 13.6 per cent to £3.1 billion (£2.7 billion), supported by an adjusted operating profit of £320.6 million, up 5.6 per cent from £303.5 million the year before.
Speaking about the company’s results, chief executive Jason Honeyman, said: “Bellway has delivered a robust performance, growing both volume output and profits despite ongoing challenges across the housing market.
“Our continued focus on operational improvement and capital efficiency has enhanced resilience, driven a significant 36 per cent increase in adjusted operating cashflow and supported higher shareholder returns.”
He added: “Bellway has the financial strength, operational capability and land bank to respond as market conditions improve and increase the delivery of much-needed new homes over the medium term.”
The housebuilder has also maintained a strong balance sheet, with a year end net cash of £157.7 million (FY25: £41.8 million).
Currently, Bellway’s order book stands at £1.4 billion, with 4,981 homes in the pipeline.
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