Bellway delivered a solid half-year performance with an increase in home completions and a stable operating margin, despite challenging market conditions. The company remains on track for operating profit of GBP 320 million to GBP 330 million for FY '26.
- Home completions rose 2.7% to 4,702 units, while average selling prices increased by 3.7% to over GBP 322,000.
- Operating margin held steady at 10.5%, despite slight pressure from cost inflation and increased administrative overheads.
- Interim dividend increased by nearly 10% to 23p per share, reflecting strong cash generation and commitment to shareholder returns.
- The robust order book of 4,400 homes and a land bank of 94,000 plots positions Bellway for continued growth amid improving trading conditions.
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