Shares of York-based house building giant Persimmon plc rose as much as 8% on Tuesday after it published “strong” 2025 results and said its forward sales as at March 1 have increased 6% to £1.8 billion.

Persimmon said 2025 total group revenue rose 17% to £3.75 billion and profit before tax rose 11% to £397.3 million.

The company reported a 12% increase in completions to 11,905 new homes.

Persimmon CEO Dean Finch said: “Persimmon delivered a strong performance for 2025, with completions growing 12% and underlying profit before tax increasing 13%.

“This reflects our sustained investment in the business and our commitment to self-help, enabling us to grow in a challenging market. I want to thank all my colleagues for their dedication and expertise in delivering this result; I am proud to work alongside them.

“Sales in the opening weeks of the year have been strong and the build to rent market is recovering from the slowdown around November’s Budget.

“Whilst we have good visibility of both our costs for 2026 and our demand from registered providers and BTR, the impact of the Iran conflict on customer sentiment remains to be seen. Assuming the conflict with Iran and its impact is short, Persimmon is set to grow again in 2026.

“Our three distinctive brands all grew last year, diversifying our market reach. Our strengthened brands, strategic land bank, on-going investment and operational improvements, supported by our balance sheet and unique vertically integrated model, position Persimmon well to grow into the medium term.”