Henry Boot ups dividend as earnings fall despite record land sales
Henry Boot PLC on Tuesday raised its total dividend but reported lower earnings for 2025 against a ‘backdrop of continued economic and political uncertainty’.
The Sheffield, England-based construction and property development business said pretax profit fell 20% to £26.4 million in 2025 from £33.0 million in 2024.
Revenue was down 8.9% at £251.5 million from £276.2 million. The firm said this was due to reduced turnover in its home building segment, partially offset by higher land promotion sales.
Its net asset value per share was unchanged at 312 pence.
Henry Boot proposed an unchanged final dividend of 4.62p per share, bringing the total dividend for the year to 7.86p, up 2.1% from 7.70p.
‘Henry Boot delivered a resilient performance in 2025 against a backdrop of continued economic and political uncertainty. Hallam Land performed particularly well, achieving a record number of plot sales and making excellent strategic progress in the acceleration of planning applications to grow its consented land bank,’ said Chief Executive Officer Tim Roberts.
Henry Boot reported total land and property sales of £356 million, up 2.6% from £347 million in 2024.
Roberts said the firm’s performance was impacted by slower house sales and some cost overruns at Stonebridge Homes.
‘As we progress into 2026, we are encouraged by the strong, sustained demand for our high quality residential land and the signs of improvement at Stonebridge Homes, where sales rates have strengthened, although due to the timing of key transactions, we expect the group’s performance to be once again second half weighted,’ CEO Roberts added.
Henry Boot said it is well positioned to meet full year market expectations, assuming the conflict in the Middle East is not prolonged.
The company-compiled consensus for 2026 pretax profit is £20.2 million.
‘Over the medium term we are confident the group can deliver significant value for shareholders,’ CEO Roberts said.
Shares in Henry Boot were up 1.5% at 176.62p on Tuesday morning in London.
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