Bellway PLC
BWY
ISIN GB0000904986 / Valor 181802
Bellway PLC
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About company
Bellway PLC is a prominent UK-based residential property developer, with its headquarters in Newcastle upon Tyne. The company operates through 20 divisional offices strategically located across England, Scotland, and Wales, enabling it to serve the main population centers throughout Great Britain. Bellway's business model is focused on the development of desirable housing primarily aimed at families, as well as the provision of apartments tailored to meet the needs of young professionals, especially within the London area. While its activities in London are mainly concentrated in the outer boroughs, the company's reach extends across the nation, reflecting its commitment to addressing the diverse housing needs of its clientele. Through its extensive network and strategic focus, Bellway PLC has established itself as a key player in the UK's residential property development sector.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (04.10.2025):
Bellway PLC has released a Trading Update for the year ended 31 July 2025, showcasing robust financial performance with a 14.3% increase in total housing completions and a 17% rise in housing revenue. The underlying operating margin is expected to approach 11%, reflecting the company's strong operational efficiency and growth prospects for FY26.
Housing Completions and Revenue
Total housing completions surged by 14.3% to 8,749 homes, while housing revenue increased by 17% to over £2.76 billion. The average selling price rose to approximately £316,000, surpassing previous guidance and contributing to the enhanced revenue figures.
Operating Margin
The underlying operating margin is projected to approach 11%, up from 10.0% in the previous year, indicating improved profitability and cost management.
Reservation Rates
The private reservation rate per outlet per week increased by 11.8% to 0.57, excluding bulk sales it rose by 6.1% to 0.52. This growth underscores heightened customer demand and effective sales strategies.
Forward Order Book
The forward order book expanded to 5,307 homes valued at £1,519.4 million, up from 5,144 homes and £1,412.9 million the previous year, driven by higher private reservations.
Land Investment
Bellway maintained a disciplined land acquisition strategy, contracting to purchase 8,120 plots during the year, more than doubling the previous year's acquisitions and strengthening the company's land bank for future growth.
Financial Position and Dividend
The Group reported a well-capitalised balance sheet with year-end net cash of £42 million. Bellway remains committed to enhancing shareholder returns, anticipating an increase in dividend payments aligned with earnings growth.
Capital Allocation
Focused on increasing return on capital employed and enhancing balance sheet efficiency, Bellway is refining its capital allocation framework to optimize investments in growth and shareholder returns through dividends and share buybacks.
Outlook
Looking ahead to FY26, Bellway targets volume output growth to around 9,200 homes, supported by a strong land bank and a healthy order book. The company remains optimistic about sustained growth and enhanced cash generation amid stable market conditions.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4082 M
Market cap (USD)
476,161
Daily traded volume (Shares)
24.22 / 23.74
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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