Henry Boot delivers 'resilient performance in challenging markets'

Henry Boot said revenue was marginally lower at £307.0m during 2025, which it said was due to reduced turnover in it home building segment, partially offset by higher land promotion sales.

Profit before tax, including initial profit recognition on disposal of Henry Boot Construction, was “broadly in line with market expectations” at £29.1m supported by record plot sales. This was below the £30.7m recorded the year before.

Hallam Land achieved record sales of 3,957 plots increasing its operating profit by 35 per cent to £32.9m.

Henry Boot said the macro economic environment remains challenging, with transaction volumes across its markets still below long term averages as investors, occupiers and customers take longer to make decisions.

"The prolonged lead up to the November Budget had a particularly negative impact on both consumer and business confidence. Despite this, we continued to experience good demand from housebuilders for our high quality residential land, as many look to increase the number of sales outlets.”

Tim Roberts, Chief Executive Officer, commented: "Henry Boot delivered a resilient performance in 2025 against a backdrop of continued economic and political uncertainty.

"Hallam Land performed particularly well, achieving a record number of plot sales and making excellent strategic progress in the acceleration of planning applications to grow its consented land bank.

"However, our performance was impacted by slower house sales and some cost overruns at Stonebridge Homes.

"We took important steps to further simplify the group and sharpen our strategic focus, through the sale of Henry Boot Construction, and the planned increase in our ownership of Stonebridge Homes. These actions, together with the launch of our Future Ways of Working programme, are improving efficiencies, enhancing collaboration across the group and creating a strong platform for future growth.

“As we progress into 2026, we are encouraged by the strong, sustained demand for our high quality residential land and the signs of improvement at Stonebridge Homes, where sales rates have strengthened, although due to the timing of key transactions, we expect the group's performance to be once again second half weighted.

"Underpinned by our strong balance sheet, an increasingly supportive planning environment, and a development pipeline filled with opportunity, we are well positioned to meet full year market expectations, assuming the conflict in the Middle East is not prolonged.

"Over the medium term we are confident the group can deliver significant value for shareholders."

Analysts from Panmure Liberum said Henry Boot delivered a robust performance in 2025.

The statement added: “While the geo-political environment is creating a high level of uncertainty, current trading is in-line with expectations, and we are leaving our FY26 EBIT ((Earnings Before Interest and Taxes) expectations unchanged.”

Henry Boot, which was founded in 1886 and has been listed on the London Stock Exchange since 1919, employs more than 400 people.