MJ Gleeson plc

MJ Gleeson reported a 12.1% rise in revenue to £410 million for the year ended June 2026, but adjusted profit before tax fell to £10.8 million as margin pressure in housebuilding and delayed land transactions weighed on earnings. Home completions rose nearly 10% to 1,968, including 320 homes delivered to partnership buyers, about 16% of total volume, and 301 homes sold to multi-unit buyers, roughly 15% of annual volume. Gleeson Homes' operating margin narrowed to 5.0% from 6.4%, with build-cost inflation of about 4.5% outpacing reservation selling-price growth of 2.2%, while the group booked £13.6 million in exceptional charges covering restructuring, site impairments and legacy adoption provisions. Gleeson Land completed five site sales but reported a £700,000 loss after three expected sales were delayed into the current year, including one particularly large transaction. The board proposed a final dividend of 1 pence per share, taking the full-year dividend to 5 pence, and said it expects fiscal 2027 results in line with market expectations, though land-sale timing remains uncertain.