Persimmon has this morning announced its full year results, revealing a strong performance with underlying operating profit up 17% at £472.1million.
The housebuilder's year to December 31 saw new home completions up 12% (11,905) and new housing revenue up 16% (£3.31billion).
Persimmon, which is preparing to begin work on 332 new homes at the site of the former Aberdeen Exhibition and Conference Centre in Bridge of Don, announced total group revenue of £3.75billion (up 17%) and a profit before tax of £397.3million (up 11%).
Dean Finch, Group Chief Executive, said: "Persimmon delivered a strong performance for 2025, with completions growing 12% and underlying profit before tax increasing 13%. This reflects our sustained investment in the business and our commitment to self-help, enabling us to grow in a challenging market. I want to thank all my colleagues for their dedication and expertise in delivering this result; I am proud to work alongside them.
"Sales in the opening weeks of the year have been strong and the build to rent market is recovering from the slowdown around November's Budget. Whilst we have good visibility of both our costs for 2026 and our demand from registered providers and BTR, the impact of the Iran conflict on customer sentiment remains to be seen. Assuming the conflict with Iran and its impact is short, Persimmon is set to grow again in 2026.
"Our three distinctive brands all grew last year, diversifying our market reach. Our strengthened brands, strategic land bank, on-going investment and operational improvements, supported by our balance sheet and unique vertically integrated model, position Persimmon well to grow into the medium term."
FSTE100
The UK's flagship share index, the FTSE 100, was up 265 points at 10,391 shortly after opening this morning.
Brent crude oil futures were down 0.07% at $89.55 a barrel.
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