Gleeson Homes has reported that its operating profit for the year ended 30 June 2025 (FY2025) will be around 15 to 20% lower than current expectations.
In a trading statement issued today (June 3rd) the housebuilder also said that its margin will be 1% lower than expected due “to a number of headwinds through the year. These include,” it said “increased build costs, flat selling prices, the continued use of incentives and several bulk sale transactions.” It said that the pace of the housing market was not sufficient to offset these headwinds.
Operating profit has also been hit by the sale of one of its land holdings in East Yorkshire falling through.
“Looking ahead,” said Gleeson, “a number of factors will continue to impact Gleeson Homes into FY2026, including planning delays which will see the business selling from fewer sites than previously forecast. Gleeson Homes' gross margin in FY2026 is also expected to be circa 1% lower than market expectations.”
The statement said that Gleeson Land has completed three transactions to date and is continuing work on a further seven disposals anticipated to complete before the year end.
