Bellway sees “double digit” volume and profit growth

Bellway saw “double digit” growth in volume and profits during its financial year, it said today, while noting “softer” trading in its final quarter which has since continued.

During the year ending July 31 2025, the housebuilder’s total housing completions grew 14.3% to 8,749 homes against the equivalent period in 2024. The average selling price rose to £316,412 from last year’s £307,909.

Underlying pre-tax profit increased 27.9% to £289.1 million. Underlying operating profit improved 27.5% to £303.5 million, with the underlying operating margin “in line with expectations” at 10.9% (2024 – 10%). Revenue was up 16.9% to £2,782.8 million.

Within its results, issued today (October 14), Bellway announced a share buyback programme which over the next 12 months will return £150 million. The group said it intended to continue with the return of excess capital in future years.

During its financial year, the housebuilder’s private reservation rate per outlet per week increased 11.8% to 0.57. Excluding bulk sales, this was 0.52, 6.1% higher than last year.

Bellway said its reservation levels reflected its “robust outlet position” – it traded from an average of 246 outlets against 2024’s 245. As of the end of the reported …