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Investors will hope for few surprises when Berkeley Group reveals first half results on 10 December given the UK housebuilder reaffirmed full-year profit guidance as recently as 5 September.
Berkeley expects to deliver £450 million of pre-tax profit for the year to 30 April 2026 after reporting stable trading in the current year to date.
Pre-tax profit is anticipated to be broadly evenly split between the two halves which implies £225 million pre-tax profit for the half to 31 August, representing an 18% decline from the £275 million reported in the first half of 2024.
The shares fell 8% on 20 June after the company lowered guidance and announced CEO Rob Perrins would succeed Michael Dobson as executive chair in September to lead the next phase of company’s growth. Richard Stearn was appointed as the new chief executive.
Berkeley returned £121 million to shareholders in the first four months of the financial year as part of its strategy to distribute at least £2 billion by 2035 via a combination of share buybacks and dividends.
Investors will be interested to hear CEO Richard Stearn’s thoughts on the state of the moribund housing market following the Government’s recent ‘package for London’ initiative which is intended to accelerate the construction of tens of thousands of homes in the capital.
Full-year 2026 and 2027 consensus EPS (earnings per share) forecasts have barely moved over the last nine months. [MG]
Martin Gamble: Shares and Markets Writer
Martin Gamble is Shares and Markets writer at AJ Bell. He was previously the Education Editor of Shares Magazine. He has been with the business since 2019.
Martin graduated from the University of Kent in...
