Persimmon has this morning published its 2025 trading statement, revealing strong growth in new homes completed.
The housing developer giant completed 11,905 new homes last year, up 12% up from 10,664 the year before.
It comes as the property firm prepares to begin work on 332 new homes at the site of the former Aberdeen Exhibition and Conference Centre in Bridge of Don after planning permission was granted last month.
That growth comes while Persimmon retained its HBF five-star rating for the fourth consecutive year.
Dean Finch, group chief executive, commented: "Persimmon performed well during 2025, in a challenging market.
"We have delivered a 12% growth in completions, ahead of market expectations, and we expect to report underlying profit before tax at the upper end of market expectations.
"This performance demonstrates the benefit of our sustained investment in recent years, alongside our self-help strategy, broad geographic coverage and increased outlets, to create a differentiated growth platform.
"I want to extend my thanks to our colleagues, subcontractors and suppliers for their support during 2025, and their role in helping us deliver high-quality, sustainable homes at affordable prices to our customers."
The trading update statement added: "Persimmon performed well during 2025, in a challenging market. The investment made in the business over recent years and our self-help strategy has positioned us well. We continue to develop an excellent pipeline of land opportunities that will underpin continued outlet and volume growth in the coming years.
"We entered 2026 with a robust order book. While we are not expecting any material improvement in market conditions this year, early indications from our Boxing Day marketing campaign are encouraging. Recent reductions in mortgage rates are helpful for our private customers although we remain mindful of continued affordability constraints. In addition, fewer bulk sales in the order book, and continued challenges in the registered provider market, are likely to slow our growth in these markets in 2026.
"At this stage, we expect underlying build cost inflation to be similar to 2025 and we remain in a strong position to manage costs given our unique level of vertical integration. We are conscious of additional regulatory costs, and we will continue to look to mitigate these where possible. For example, landfill tax charges will double from April 2026 with further annual increases thereafter. We welcome government changes to the planning system, although these will take time to fully take effect. Assuming trading conditions remain stable, we are on track to achieve current market expectations for 2026."
FTSE100
The UK's flagship share index, the FTSE 100, was up 30 points at 10,143 shortly after opening this morning.
Brent crude oil futures were up 0.05% at $64.25 a barrel.
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