Berkeley Group Holdings (LON:BKGH) on Friday reaffirmed profit and cash guidance for fiscal 2026 and 2027 after reporting stable trading between May 1 and Aug. 31, with 85% of next year’s profit already secured through exchanged sales.
The U.K. housebuilder kept its pretax profit forecast for the year ending April 2026 at about £450 million, in line with consensus estimates of £461 million.
Profits for the first and second half of fiscal 2026 are expected to be evenly weighted, compared with a 52% to 48% split in fiscal 2025.
Dividend and capital distribution plans remain unchanged, with a target of £640 million in shareholder returns by September 2030.
Net cash at the end of fiscal 2026 is projected at about £300 million, though the company said the first half will be below that figure because of the phasing of return payments.
The company said it continues to welcome the government’s actions on planning reform to increase housing delivery, while pointing to official and independent data showing a continued decline in new housing starts in London to levels not seen since the global financial crisis.
It added that the government is increasing focus on regulation and viability challenges in London,which, if resolved, could support completions and development values.
UBS maintained its “buy” rating on the stock with a price target of 4,965p, based on a discounted cash flow valuation. The brokerage described the update as stable with guidance unchanged.
Source :
https://www.investing.com/news/stock-market-news/berkeley-group-holds-450-mln-profit-outlook-85-of-fy26-sales-already-secured-4226213
