But analyst says results are ‘slightly below consensus’ expectations
Taylor Wimpey’s completions rose by 6.6% in 2025, according to a trading update.
In the update, published today ahead of its final results in March, the housebuilder reported total group completions of 11,299 in the year to 31 December 2025.
This was up on the 10,593 reported in the year previous. Excluding joint ventures, completions were up 6.4% from 9,972 to 10,614.
The latter figure was in the middle of the firm’s guidance range of 10,400 to 10,800 homes..
Roughly 21% of UK completions, excluding joint ventures, were in the affordable sector, marginally down on 2024 (22%).
Revenue increased from £3.4bn to £3.8bn, driven by high volumes, average selling prices and land sales, while operating profit is expected to stand at around £420m.
In 2024, the firm reported operating profit of £416.2m.
Analysts Peel Hunt said the update indicated results “slightly below consensus”, with pre-tax profit expected to be around £390m.
“While underlying private pricing was resilient, bulk deals have suffered and the order book has entered the year with pricing 0.5% lower,” it noted.
Jennie Daly, chief executive, said the firm had shown a “robust” performance in “challenging market conditions”.
The net private reservation rate was stable at 0.75, while the average selling price on private completions increased 5.1% to £374,000.
Taylor Wimpey ended the year with an order book valued at £1.86bn, excluding joint ventures, which was down from just shy of £2bn at the end of 2024.
The group said budget uncertainty had impacted sales in the second half as well as its order book coming into 2026.
“While too early to anticipate the outcome of the Spring selling season, we have seen a good level of enquiries,” said Daly.
“The government’s planning reforms have been welcome, and we’ve seen increased momentum in our recent planning permissions.
“However, while affordability is slowly improving, demand continues to be muted - particularly among the important first time buyer category - which will constrain overall sector output.”
Taylor Wimpey’s official full-year results will be published on 5 March 2026, at which point the business will provide full 2026 guidance.
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