Persimmon PLC

Latest Results (01.10.2025):

Persimmon PLC has announced its half-year results for the six months ended 30 June 2025, demonstrating continued growth and operational strength. The company remains on track for its full-year targets despite challenging market conditions.

Financial Performance

In H1 2025, Persimmon PLC achieved a 12% increase in new housing revenue, reaching £1.31 billion. Underlying operating profit rose by 13% to £172.0 million, with the underlying operating margin slightly improving to 13.1%. The average sales price of new homes increased by 8% to £284,047.

Operational Growth

The company expanded its operational footprint with a 4% rise in total home completions to 4,605 units. Additionally, Persimmon increased its number of sales outlets by 4%, totaling 277 outlets by the end of June 2025. Land holdings saw a 1% growth, maintaining a strong pipeline for future developments.

Sales and Market Position

Persimmon reported an 11% increase in its current private forward sales position, now at £1.25 billion. The net private sales rate excluding bulk rose by 5%, indicating robust demand. The company's strategic initiatives, including the "New Build Boost" product, have contributed to sustained sales growth.

Dividend and Cash Flow

The interim dividend per share remained steady at 20p. However, cash at the end of June decreased by £227.2 million to £123.0 million, reflecting ongoing investments in land and development.

Future Outlook

Persimmon PLC maintains its full-year guidance of completing between 11,000 and 11,500 homes, with a housing operating margin projected between 14.2% and 14.5%. The company is well-positioned for continued growth, aiming to deliver approximately 12,000 units in 2026.