BTRW - Ticker AI Digest

BTRW 10:47

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 08:54

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 11:48

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 06:01

Barratt Redrow plc

Full year results for the period end 29 June 2025

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**Summary of Barratt Redrow PLCs Full Year Results for the Period Ended 29 June 2025**

**Overview**

Barratt Redrow PLC, a leading UK housebuilder, reported resilient full-year results for the 52-week period ended 29 June 2025, despite a challenging housing market. The company highlighted progress in integrating the Redrow acquisition, delivering synergies, and maintaining strong operational performance. Adjusted profits were ahead of expectations, though home completions were slightly <mark style="background-color:yellow">below</mark> guidance.

**Key Financial Highlights**

**Total Home Completions**: 16565 (FY24: 14004)an 18.3% increase.

**Revenue**: £5578.3 million (FY24: £4168.2 million)up 33.8%.

**Adjusted Profit Before Tax**£488.3 million (FY24: £385.0 million), a 26.8% rise.

**Adjusted Basic Earnings Per Share**25.5p (FY24: 28.3p), down 9.9%.

**Net Cash**£772.6 million (FY24: £868.5 million), a decrease of 11.0%.

**Dividend Per Share**Increased by 8.6% to 17.6p (FY24: 16.2p).

**Operational Performance**

**Redrow Integration**Significant progress with six divisional offices closed and three in the process of closing. IT integration is ongoing.

**Cost Synergies**Confirmed £69 million in cost synergies, ahead of the £100 million target, with £20 million realized in FY25 and £45 million expected in FY26.

**Revenue Synergies**16 planning applications submitted for incremental sales outlets, with 5 approvals received.

**Quality and Sustainability**Maintained industry leadership with 115 NHBC Pride in the Job Awards, 16th consecutive HBF 5-star customer satisfaction rating, and recognition as the leading sustainable housebuilder.

**Strategic Initiatives**

**Joint Ventures**Launched the MADE Partnership with Homes England and Lloyds Banking Group, and the West London Partnership for 4,000+ homes.

**Sustainability**Committed to net zero targets and leading the industry in sustainable practices.

**Shareholder Returns**Completed a £50 million share buyback in FY25 and announced a £100 million buyback for FY26.

**Outlook**

**FY26 Guidance**Expects total home completions between 17,200 and 17,800, including 600 JV completions.

**Market Conditions**Anticipates limited growth in FY26 due to ongoing housing market challenges but remains confident in long-term fundamentals.

**Policy Advocacy**Calls for government reforms in planning, investment barriers, and support for first-time buyers.

**Conclusion**

Barratt Redrow PLC demonstrated resilience in a tough market, achieving solid financial results and making significant strides in integrating Redrow. The company is well-positioned for future growth with a strong balance sheet, diversified land portfolio, and clear strategic focus on sustainability and shareholder value. Despite near-term challenges, the long-term outlook remains positive, supported by strong market fundamentals and strategic initiatives.

Here is a comparison of the financials and debt year on year for Barratt Redrow PLC, presented as an HTML table:

Metric	52 weeks ended 29 June 2025	Year ended 30 June 2024	Variance vs FY24
Total home completions	16,565	14,004	18.3%
Revenue (£m)	5,578.3	4,168.2	33.8%
Adjusted gross profit (£m)	875.2	689.0	27.0%
Adjusted profit before tax (£m)	488.3	385.0	26.8%
Net cash (£m)	772.6	868.5	(11.0%)
Total indebtedness (£m)	36.8	(395.7)	N/A

Debt Analysis

Metric	29 June 2025 (£m)	30 June 2024 (£m)	Change (£m)
Net cash	772.6	868.5	(95.9)
Land payables	809.4	472.8	336.6
Total indebtedness	36.8	(395.7)	432.5

Note: Total indebtedness is calculated as net cash plus land payables.

**Key Observations:** 1. **Revenue and Profit Growth:** Revenue increased by 33.8% year-on-year, driven by a 18.3% increase in total home completions. Adjusted gross profit and adjusted profit before tax also grew significantly, by 27.0% and 26.8% respectively. 2. **Net Cash Decrease:** Net cash decreased by 11.0% year-on-year, primarily due to dividend payments, share buybacks, and increased investment in inventories. 3. **Debt Position:** Total indebtedness (net cash plus land payables) increased by £432.5 million, mainly due to a significant rise in land payables, which increased by £336.6 million. This indicates a shift towards more deferred land payments, aligning cash outflows with development schedules. 4. **Financial Health:** Despite the decrease in net cash, the company maintains a strong financial position with a net cash balance of £772.6 million and a manageable total indebtedness of £36.8 million. This comparison highlights Barratt Redrow PLC's strong financial performance, with significant growth in revenue and profits, while managing its debt position effectively through increased use of land payables.

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BTRW 10:47

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 08:54

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 11:48

Barratt Redrow plc

Director/PDMR Shareholding

AI Expand: Explanation + Tables

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BTRW 06:01

Barratt Redrow plc

Full year results for the period end 29 June 2025

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**Summary of Barratt Redrow PLCs Full Year Results for the Period Ended 29 June 2025**

**Overview**

Barratt Redrow PLC, a leading UK housebuilder, reported resilient full-year results for the 52-week period ended 29 June 2025, despite a challenging housing market. The company highlighted progress in integrating the Redrow acquisition, delivering synergies, and maintaining strong operational performance. Adjusted profits were ahead of expectations, though home completions were slightly <mark style="background-color:yellow">below</mark> guidance.

**Key Financial Highlights**

**Total Home Completions**: 16565 (FY24: 14004)an 18.3% increase.

**Revenue**: £5578.3 million (FY24: £4168.2 million)up 33.8%.

**Adjusted Profit Before Tax**£488.3 million (FY24: £385.0 million), a 26.8% rise.

**Adjusted Basic Earnings Per Share**25.5p (FY24: 28.3p), down 9.9%.

**Net Cash**£772.6 million (FY24: £868.5 million), a decrease of 11.0%.

**Dividend Per Share**Increased by 8.6% to 17.6p (FY24: 16.2p).

**Operational Performance**

**Redrow Integration**Significant progress with six divisional offices closed and three in the process of closing. IT integration is ongoing.

**Cost Synergies**Confirmed £69 million in cost synergies, ahead of the £100 million target, with £20 million realized in FY25 and £45 million expected in FY26.

**Revenue Synergies**16 planning applications submitted for incremental sales outlets, with 5 approvals received.

**Quality and Sustainability**Maintained industry leadership with 115 NHBC Pride in the Job Awards, 16th consecutive HBF 5-star customer satisfaction rating, and recognition as the leading sustainable housebuilder.

**Strategic Initiatives**

**Joint Ventures**Launched the MADE Partnership with Homes England and Lloyds Banking Group, and the West London Partnership for 4,000+ homes.

**Sustainability**Committed to net zero targets and leading the industry in sustainable practices.

**Shareholder Returns**Completed a £50 million share buyback in FY25 and announced a £100 million buyback for FY26.

**Outlook**

**FY26 Guidance**Expects total home completions between 17,200 and 17,800, including 600 JV completions.

**Market Conditions**Anticipates limited growth in FY26 due to ongoing housing market challenges but remains confident in long-term fundamentals.

**Policy Advocacy**Calls for government reforms in planning, investment barriers, and support for first-time buyers.

**Conclusion**

Barratt Redrow PLC demonstrated resilience in a tough market, achieving solid financial results and making significant strides in integrating Redrow. The company is well-positioned for future growth with a strong balance sheet, diversified land portfolio, and clear strategic focus on sustainability and shareholder value. Despite near-term challenges, the long-term outlook remains positive, supported by strong market fundamentals and strategic initiatives.

Here is a comparison of the financials and debt year on year for Barratt Redrow PLC, presented as an HTML table:

Metric	52 weeks ended 29 June 2025	Year ended 30 June 2024	Variance vs FY24
Total home completions	16,565	14,004	18.3%
Revenue (£m)	5,578.3	4,168.2	33.8%
Adjusted gross profit (£m)	875.2	689.0	27.0%
Adjusted profit before tax (£m)	488.3	385.0	26.8%
Net cash (£m)	772.6	868.5	(11.0%)
Total indebtedness (£m)	36.8	(395.7)	N/A

Debt Analysis

Metric	29 June 2025 (£m)	30 June 2024 (£m)	Change (£m)
Net cash	772.6	868.5	(95.9)
Land payables	809.4	472.8	336.6
Total indebtedness	36.8	(395.7)	432.5

Note: Total indebtedness is calculated as net cash plus land payables.

**Key Observations:** 1. **Revenue and Profit Growth:** Revenue increased by 33.8% year-on-year, driven by a 18.3% increase in total home completions. Adjusted gross profit and adjusted profit before tax also grew significantly, by 27.0% and 26.8% respectively. 2. **Net Cash Decrease:** Net cash decreased by 11.0% year-on-year, primarily due to dividend payments, share buybacks, and increased investment in inventories. 3. **Debt Position:** Total indebtedness (net cash plus land payables) increased by £432.5 million, mainly due to a significant rise in land payables, which increased by £336.6 million. This indicates a shift towards more deferred land payments, aligning cash outflows with development schedules. 4. **Financial Health:** Despite the decrease in net cash, the company maintains a strong financial position with a net cash balance of £772.6 million and a manageable total indebtedness of £36.8 million. This comparison highlights Barratt Redrow PLC's strong financial performance, with significant growth in revenue and profits, while managing its debt position effectively through increased use of land payables.

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