Barratt Redrow sees “solid performance”

Barratt Redrow saw increased revenue and profit during its full year, but with completions lower than guidance and its building defect provision rising to almost £1.4 billion.

During the 52-week period ending June 29 2025, Barratt Redrow’s pre-tax profit grew 60.5% to £273.7 million in the housebuilder’s first set of full year results since the two companies merged. Revenue increased 33.8% to £5,578.3 million.

Adjusted pre-tax profit (before Redrow purchase price allocation adjustment) was £591.6 million – ahead of guidance - against the aggregate of £585.7 million and £385 million (Barratt reported metric) of 2024. This uplift on guidance was due to "some margin improvement" and cost synergies realised ahead of initial estimates, Barratt Redrow said.

During the period, the merged company delivered 16,565 total home completions, down on the aggregated performance last year of 17,972. The total was below the previously guided range of 16,800 to 17,200 homes

Its net private reservation rate per sales outlet per week increased 16.4% to 0.64, compared with the aggregated 0.55 in the comparable period.

In total, the group’s legacy property provision is £1,073.8 million. This includes the outcome of a full review of Redrow's portfolio of reinforced concrete frame …