Housebuilder Barratt Redrow has delivered a “resilient performance” over a six-month period, with revenues rising 10.5%, despite a 13.6% drop in its pre-tax profits.
In its half-year results for the 26 weeks to 28 December, Barratt Redrow reported total revenue of £2.63bn, up from the £2.38bn recorded in the half year to 29 December 2024.
However, the group’s adjusted pre-tax profits stood at £199.9m during the period, down from the previous year’s £2231.4m.
Total housing completions were on the rise, with 7,444 units delivered, up 4.7% on the previous year’s 7,107 completions.
The group’s forward sales as at 1 February 2026 comprised 11,168 homes valued at £3.4bn, up from the 10,903 homes (valued at £3.35bn) as at 2 February 2025.
Of these, 7,277 total forward sales were either exchanged or contracted (versus 7,702 homes as at 2 February 2025).
The group expects to deliver full-year pre-tax profits of between £558m and £617m, which would be an increase on the £488.3m reported in 2024-25.
Chief executive David Thomas said the group delivered a “resilient performance in a subdued market while making strong progress integrating Redrow”. Barratt completed its £2.5bn acquisition of Redrow in October 2024.
“As that integration nears completion, our focus is on disciplined execution,” he added. “We are embedding our proven operating model across the enlarged group, delivering operational excellence, strengthening efficiency and positioning Barratt Redrow to deliver volume growth, margin progression and capital returns through the cycle.
“With a strong land bank, solid forward sales and synergy delivery in line with our targets, we are well positioned to deliver sustainable medium-term growth. However, while progress made on planning reform is encouraging, a stable and supportive demand environment is essential to enable increased delivery at scale across the sector.”
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