Barratt Redrow reported a solid FY 2026 performance, completing 17,667 homes, up 5% year over year and toward the upper end of its prior guidance range, with revenue exceeding £6 billion. Adjusted profit before tax before purchase-price-accounting impacts fell to £572.8 million, as underlying selling-price deflation of just under 1%, targeted sales incentives and 2% build-cost inflation net of procurement synergies pushed adjusted gross margin down to 15.3% and operating margin down to 9.9% from 10.5% on an aggregated comparable basis. The company confirmed its Redrow integration is complete and its £100 million cost-synergy target validated, generating a £73 million profit-and-loss benefit in FY 2026, including £53 million of administrative expense savings, with most of the remaining synergies expected in FY 2027 to take the annual contribution to about £95 million. For FY 2027, Barratt Redrow maintained completion guidance of 17,500 to 17,900 homes and plans £400 million in total capital returns, including £386 million of share repurchases, while expecting £400 million to £500 million of net cash at year-end and forecasting approximately £300 million of building-safety spending. The company also said incoming Chief Executive Dean Banks and Chief Financial Officer Rebecca Napier had joined the business, while its outgoing chief executive will retire the following week.
Barratt Redrow plcFY2026 completions rose 5% to 17,667 homes with revenue over £6bn, and the completed Redrow integration delivered a £73m synergy benefit, alongside plans for £400m in capital returns including £386m of buybacks.
