London · Delayed Price · Currency is GBP · Price in GBX Henry Boot Earnings Call Transcripts
Fiscal Year 2025
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Land and property sales exceeded £350 million, with Hallam Land delivering record plot sales and strong profits. Despite a subdued housing market and challenges at Stonebridge, operational resets and management changes position the group for recovery and growth in 2026.
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Revenue rose 19% to £126m, with gross profit up 30% and strong land sales. Planning consents surged, supporting a robust pipeline, while the sale of Henry Boot Construction and increased Stonebridge stake sharpened focus on core growth. Dividend increased 5% amid market resilience.
Fiscal Year 2024
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Land and property sales remained resilient at £350 million, with strong performance in land promotion, development, and investment portfolios. Gross margin improved, net debt reduced, and the dividend increased, while the group remains confident in meeting medium-term targets.
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Revenue and profit declined year-over-year due to market timing, but 81% of annual sales are already secured, supporting confidence in meeting full-year targets. The balance sheet remains strong, with a 5% dividend increase and a new bank facility, while planning reforms and market recovery are expected to drive future growth.