Barratt Redrow reported fiscal 2026 revenue of more than GBP6 billion, driven by higher home completions and a higher average selling price, with adjusted operating profit of GBP598.1 million slightly ahead of last year. Home completions rose 5% to 17,667, while adjusted profit before tax fell to GBP572.8 million on higher net interest costs and lower joint venture profits, and adjusted gross margin slipped to 15.3% with adjusted gross profit of GBP926.6 million. The company confirmed all GBP100 million of Redrow cost synergies in the second half, delivering a GBP73 million profit and loss benefit in FY26 and an expected annual contribution of approximately GBP95 million in FY27. Barratt Redrow ended the year with a net surplus position of GBP61.4 million, versus net indebtedness of GBP37 million a year earlier, and guided to FY27 completions of between 17,500 and 17,900, a year-end cash position of GBP400 million to GBP500 million, and a total capital return of GBP400 million including a GBP386 million share buyback plus an additional buyback of at least GBP100 million. Build cost inflation was 2% underlying for the year and is guided at 3% to 4% for the year ahead, while the land bank stands at 5.2 years of supply and the embedded gross margin fell 160 basis points to 17.3% from 18.9% at the end of December.
Barratt Redrow plcFY26 revenue topped GBP6bn with completions up 5% and adjusted operating profit of GBP598.1m slightly ahead, plus a GBP400m capital return including buybacks.
