Sheffield-based affordable house building group MJ Gleeson said it has “significantly strengthened its forward order book” despite revenue falling 5.9% to £365.8 million in the year to June 30, 2025, and profit before tax declining 17.3% to £20.5 million.
Total dividend per share is unchanged at 11p.
The group’s Gleeson Homes business reported 1,793 homes sold (2024: 1,772), a forward order book of 845 plots (2024: 559) and average selling prices up 4.3% at £193,600.
Gleeson Homes’ land pipeline increased by 500 plots to 19,638 plots.
The group’s Gleeson Land business reported a portfolio of 77 sites (2024: 71) with the potential to deliver 18,401 plots (2024: 16,911).
On current trading and outlook, MJ Gleeson said: “The board remains confident that, in delivering its objective of selling 3,000 new homes per annum, group profitability could broadly triple and the company would resume its position as the fastest growing listed housebuilder in the UK.
“With a number of sites close to achieving planning and others in sale processes, Gleeson Land is well placed to deliver another robust performance in FY2026 and is strongly positioned for significant growth from FY2027.
“The group starts the new year with a stronger forward order book and a stable sales rate in Gleeson Homes and a strengthened portfolio in Gleeson Land.”
Gleeson CEO Graham Prothero said: “This year has been challenging for Gleeson, and despite selling more homes relative to FY2024, there have been factors which stalled our momentum. We have taken the actions necessary to benefit the business through FY2026 and ensure the delivery of our strategic objectives.
“Positively, Gleeson Homes significantly strengthened its forward order book in the year. Market demand has been steady, and we have maintained a robust sales rate, reflected in our net open market reservations rate, up 28% in the second half against the same period last year.
“Selling prices, however, remained constrained, with incentives continuing at an elevated level, restricting material margin improvement.
“The organisational and management changes implemented in Gleeson Homes to improve performance are already delivering benefits. The new leadership team is operating effectively with shorter reporting lines, strengthened divisional and regional management teams, and more rigorous process compliance, underpinned by increased local empowerment and responsibility.
“With a stronger and more disciplined business in a stable market, and a busy site opening programme, we are excited about Gleeson Homes’ future growth.
“We are also very pleased with the progress at Gleeson Land, which achieved improved levels of planning success and new promotion agreements during the year and starts the new financial year with more sites in sale processes.
“Having delivered a significantly improved result, and strengthened by the recent geographical reorganisation and data research capability, the business is making significant progress towards its objective of becoming the pre-eminent land promoter in the South of England.
“Consequently, the board currently expects the group to deliver an overall result for FY2026 in line with its expectations.
“Looking further ahead, we believe the combination of a stronger performance from Gleeson Homes and continued progress at Gleeson Land position the group well for a period of sustained growth.”