Harworth says confidence underpinned as encouraged by level of sales
Harworth Group PLC on Monday said it is encouraged by the level of sales achieved against a challenging macroeconomic backdrop.
The Rotherham, South Yorkshire-based regenerator of land for sustainable development said the UK government budget weighed on investor sentiment in the second half of 2025, with many transactions pushed into the final weeks of the year.
The company said total sales were £110.2 million in 2025, down 49% from £215.8 million in 2024. In the first half of 2025, sales had fallen 67% on-year to £15.5 million from £47.0 million.
Harworth said residential plot sales were 1,837 in 2025, down 23% from 2,385 in 2024.
Chief Executive Officer Lynda Shillaw said: ‘I am encouraged by the level of sales achieved against a challenging macroeconomic backdrop. The delayed budget weighed on investor sentiment in H2, pushing many transactions into the final weeks of the year...The quality of our serviced land product, the expertise of our team and our deep market relationships underpin our confidence in bringing forward an attractive development pipeline to expand our investment portfolio and generate development profits and cash.’
Harworth will announce a trading update for 2025 later in January, with full year results set to follow on March 17.
Harworth shares rose 0.3% to 166.00 pence each on Monday morning in London.
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