But firm says unaudited figures show operating profit in line with expectations
Watkin Jones expects to report a decline in revenue in its full-year results, according to a trading update.
Unaudited figures for the year ended 30 September 2025 show the student accommodation and BTR specialist made a turnover of around £280m.
If confirmed in the group’s final results, the figure would be a significant drop on the £362.4m revenue it recorded in its audited accounts for the previous year, which were published in January.
The housebuilder had recorded a pre-tax loss in the first half of the year due to building safety provisions and reduced transactions, but in its latest update it said it expected to report a “stronger second half performance”, attributed to transactions in respect of its joint venture student development in Glasgow, announced last month, and a development partnership announced in August.
It expects to report adjusted operating profit “in line with current market expectations”.
As well as the Glasgow transaction, Watkin Jones signed three development partnerships in the year - in St Helens, Southwark and Bristol - all of which have started on site
It also completed building safety remediation works on six buildings in the year.
No comments yet