Housebuilder Taylor Wimpey has launched a £52m share buyback programme, as its full-year 2025 profits plunged 54.3% amid a “challenging market backdrop” and previously flagged extra costs relating to cladding remediation.
The group’s pre-tax profits fell from £320.3m in 2024 to £146.5m, while basic earnings per share also fell from 6.2p in 2024 to 2.8p per share. The group’s revenue increased 13% year on year to £3.84bn.
The group also announced that it will launch a share buyback programme soon with the aim of returning £52m to investors by the end of June.
Profits were hit by a previously announced £222.2m increase in cladding fire safety remediation costs and an £18m payment to the Competition and Markets Authority, as part of housebuilders’ wider contributions to settle an information sharing investigation.
UK net private sales rate remained static on last year, averaging 0.75 homes per outlet per week, while total completions for the year, including through joint ventures, stood at 11,229 homes, up 6% from the 10,593 the year before. Total completions excluding joint ventures also rose from 9,972 in 2024 to 10,614.
The group said market uncertainty ahead of the delayed Autumn Budget in November has impacted sales in second half of the year as well as its 2026 forward order book.
At the start of March, Taylor Wimpey’s forward order book, excluding joint ventures, was valued at £2.18bn, slightly down from £2.28bn in the same period last year and comprising 7,678 homes, down from 8,097 in the equivalent period in 2025.
Chief executive Jennie Daly said Taylor Wimpey delivered a “robust performance” due to the “hard work and commitment of our teams in delivering the group’s strategy against a challenging market backdrop”.
She added: “Taylor Wimpey is a strong and agile business with highly experienced teams and we are well positioned to generate value from our high-quality, well located landbank.
“Against a backdrop of continuing market uncertainty and more recent geopolitical events, we remain focused on delivering our strategy set out at our Investor and Analyst event in October.
“This is progressing well and the actions we are taking give us confidence in our ability to deliver profitable growth and maximise shareholder returns over the medium term.”
Earlier this year, the group warned that adjusted operating profits for 2026 are likely to come in at around £400m, down from £420.6m in 2024.
Taylor Wimpey ended 2025 with net cash of £342.6m, almost 40% down on the £564.8m reported at the end of 2024.
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