Bellway has reported increased revenue and profits across the business despite ongoing market challenges, as the house builder continues to work through a costly programme of legacy remediation work.
For the year ended 31 July 2025, the housebuilder’s revenue grew 16.9 per cent to £2.78 billion from 2.38 billion in 2024, while gross profit increased 16.1 per cent to £419.4 million (FY2024: £361.2 million).
It also saw a significant boost in profitability, with pre-tax profit climbing 20.7 per cent to £221.9 million (FY2024: £183.7 million) and operating profit by 17.8 per cent to £250.7 million (FY2024: £212.8 million).
The company ended the year with net cash of £41.8 million, from a £10.5 million deficit in 2024.
It confirmed £707.5 million had been committed to legacy building safety works since 2017, with £516.4 million remaining at year-end.
In its latest report, the company noted work on 168 buildings was complete or underway, with £51.8 million allocated this year to remediate legacy apartments, up from £37 million in 2024.
The housebuilder earmarked £15.4 million to wrap up a Competition and Markets Authority investigation.
SPONSORED CONTENT by CHIME
“Having an electronic platform has improved timekeeping across the workforce and provided real-time accurate reporting.” Russell O’Dwyer – Engineering Director, Timeless Building Services. Read More
During the year the company also refreshed its capital allocation framework to optimise balance sheet strength, cash generation, and shareholder returns.
Adjusted operating cash flow surged to £638.9 million (FY2024: £425.2 million), with plans to leverage its land bank and work-in-progress to drive further improvements and return excess capital to shareholders.
As part of this strategy, Bellway announced a £150 million share buyback and a 29.6 per cent increase in its proposed dividend per share to 70 pence.
Looking ahead, Bellway said it remains on-track to meet its FY2026 target of 9,200 homes, reporting a 14.3 per cent increase in housing completions to 8,749 during the period, and a focus on long-term shareholder value.
Despite market challenges, including affordability concerns, CEO Jason Honeyman highlighted Bellway’s strong land bank, disciplined capital allocation, and capacity to drive growth, but emphasised the need for government support for sustained industry growth.
“Bellway remains very well-positioned to continue delivering much needed high-quality new homes in the years ahead,” he said.
“However, supportive government policy is essential for the industry to drive a meaningful and sustained increase in housing output.
“The government must demonstrate its commitment to accelerating housebuilding by driving through planning reform and addressing the affordability constraints facing first-time buyers across the country.”
Was this interesting? Try: Planning and Infrastructure Bill undermined as ‘major issues’ uncovered in govt’s home insulation schemes
If you have a tip or story idea that fits with our publication, please contact danielle@wavenews.co.uk
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.
Notice: JavaScript is required for this content.