Persimmon Plc Earnings Recaps
Q2 2026
Aug 9, 2026
The market rewarded Persimmon's earnings with a 3.9% rise, reflecting investor approval of volume-led profit growth and a robust forward order book despite margin pressures.
Key takeaways
- New home completions increased 13% to 5,189, driving a 10% rise in underlying operating profit to GBP 189 million.
- Gross margin declined to 18% due to a higher mix of affordable homes, increased incentives, and ongoing build cost inflation, with margin pressure expected to continue.
- Private sales per week rose 7% to 205, including a 14% increase in sales to first-time buyers, underscoring affordability strength.
- Forward order book strengthened to GBP 1.9 billion, up 5% for private homes, supporting near-term volume visibility.
- Return on capital employed improved 10% to 11.3%, while underlying profit before tax rose 3% amid higher interest costs from investment in growth.
Q3 2025
Nov 13, 2025
Persimmon Plc reported solid performance in Q3, maintaining robust forward sales and pricing amid a challenging market environment, while continuing to invest in growth initiatives.
Key takeaways
- Forward sales increased by approximately 15%, demonstrating resilience despite industry softening.
- Pricing remains robust, with average selling prices up 1.5% year-over-year, supported by strategic land acquisitions and disciplined incentives between 4%-5%.
- The company plans to open around 100 new outlets next year, contingent on securing planning approvals, reflecting strong growth ambitions.
- Customer sentiment is stabilizing after a mid-year decline, with positive momentum noted in recent weeks.
- Launch of Rezide product shows initial traction with one sale, reinforcing Persimmon's commitment to providing diverse customer options in a competitive market.