Berkeley Group Holdings PLC (LSE:BKG) said it has delivered a resilient performance over the past year, despite continued economic uncertainty. The housebuilder reported strong full-year results and confirmed that it is well-positioned heading into the new financial year, with over three-quarters of expected sales already secured.
Chief executive Rob Perrins commented: “Berkeley has delivered £528.9 million of pre-tax profit for the year, with net cash at £337.3 million, in spite of ongoing geopolitical and macroeconomic volatility. With over 75% of sales secured for the coming year, we are well-placed to achieve our FY26 pre-tax profit guidance of £450 million.”
The group said it returned £381.5 million to shareholders during the year and maintained a disciplined approach to costs and investment.
Looking ahead, its new “Berkeley 2035” strategy outlines £5 billion of capital allocation over the next decade, including a focus on expanding its Build to Rent platform.
Berkeley added new regeneration sites in Slough and Birmingham and continues to prioritise development on brownfield land. It also reaffirmed its support for Government efforts to boost housing delivery and called for further planning system reforms.