Housebuilder expects to meet market expectations in its full-year results
Persimmon has reported increases in revenue, completions and profit in its half-year results.
Figures for the six months to 30 June 2026, published this morning showed revenue and pre-tax profit both increased by 15%.
The income figure was up from £1.5bn in the equivalent period the previous year to £1.73bn, while the statutory profit number rose from £146.7m to £168m.
An underlying pre-tax profit figure also reported by the business was up by a more modest 3%, from £164.9m to £170.1m.
Completions, meanwhile, increased up 13% from 4,605 to 5,189.
“In a challenging market, this performance demonstrates the strength of our established strategy, product mix and geographic footprint, alongside the benefits of our lower cost operating model, sustained investment in the business and ongoing commitment to self-help,” said Dean Finch, group chief executive.
“Market conditions remain challenging, with affordability constraints and build cost pressures affecting the sector. We have responded quickly, taking clear management action focusing on driving operational efficiencies throughout the business.
“Our disciplined land buying, industry-leading cost efficiency and vertically integrated operating platform give us important structural advantages as we seek to mitigate cost pressures and support growth.”
Assuming no material change to market conditions, the business said it expected to deliver around 12,500 completions for the full-year, which would be at the upper end of previous guidance.
It also anticipates underlying pre-tax profit in line with market expectations, which company-compiled consensus puts at £454m.
An investment note from Peel Hunt said Persimmon remained its “preferred large-cap housebuilder”, noting that the group “continues to benefit from both favourable regional and demographic mix, with a structurally lower cost base and a strong track record of operational delivery”.
In the five weeks since 30 June 2026, the housebuilder said its net private sales reate had increased 6% to 0.72 per week.
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