Berkeley reaffirms profit guidance amid challenges

Berkeley Group has reaffirmed its pre-tax profit guidance of £450 million for its financial year, while noting the possible effects of the Middle East conflict on trading and continuing market challenges.

In a trading update covering the period from November 1 2025 to February 28 2026, Berkeley said it expected its pre-tax profit for 2027 to be similar to 2026. It also confirmed its target of a net cash position of around £300 million.

This was thanks to shareholder returns of around £190 million in the year to date, Berkeley’s settlement of more than £250 million of land creditors and investment into Berkeley Living’s Build to Rent platform.

“The actual out-turn will depend upon the pace of future share buy-backs, any new land investment and the phasing of legal completions around the year-end,” Berkeley stated.

Berkeley was also reaffirming guidance while expressing caution over the emerging situation in the Middle East, it said. This was “weighing heavily on risk sentiment and we await to see the impact of this on the market”.

Berkeley said it was alert to “a further deterioration in macro conditions with the potential for higher inflation in the near term and for …