)
Visual
test
Crest Nicholson
Crest Nicholson (CRST) investor relations material
Crest Nicholson H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary29 Jan, 2026
Executive summary
FY 2025 results met expectations, with encouraging first-half performance despite challenging market conditions in the second half and early signs of improvement in January.
Project Elevate is progressing, driving operational improvements, strategic repositioning, and enhanced customer experience.
Substantial progress made on fire remediation, with a clear pathway to completion and most buildings surveyed; fire safety costs remained stable.
Balance sheet strengthened, with net debt reduced and improved cash control.
Financial highlights
FY25 revenue was £610.8 million, slightly down from £618.2 million in FY24, with lower housing revenue offset by higher land sales.
Adjusted gross margin up 30 bps to 14.0%, aided by land sales; housing margin stable.
Adjusted basic EPS rose 56% to 7.8p; total dividend for the year is 3.1p per share.
Net debt at year-end was £38.2 million, better than guidance, with strong cash control and reduced inventories.
Adjusted profit before tax rose to £26.5 million (FY24: £20.3 million), driven by overhead reductions.
Outlook and guidance
Targeting further uptick in open market sales volumes for FY 2026, supported by Project Elevate and market improvements.
FY26 guidance: open market completions 1,100–1,200 units, bulk and affordable 450–500 units, average outlets c.42, sales rate 0.5–0.6.
Land sales revenue expected at £75–£100 million; adjusted gross margin 15–16%; adjusted PBT £32–40 million.
Year-end net debt expected to be similar to FY 2025, with £50 million receipts from deferred land sales; net debt forecasted between £15–65 million.
Spend of £85–100 million on fire remediation and £100 million on land acquisition planned.
Quantify Project Elevate's build quality impact?
How will strategic land conversion reshape the short-term land bank
What drives the expected FY26 ASP recovery
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- DWNI
Stabilized real estate values, strong rental demand, and major transactions drive results. - OCUL
Net loss widened in 2025 as clinical trials advanced, but cash runway extends into 2028. - VARROC
Revenue and EBITDA margin rose YoY, but exceptional costs and legal disputes weighed on profit. - PRIC
Record Q4 order intake, new contracts, and improved cash flow despite lower sales and profits. - ENSI
Record revenue growth, positive EBITDA, and strong outlook with cash flow positivity expected by end-2026. - DWNIStable rental growth, Care segment sale, and positive 2025 outlook despite lower EBT.
- JUBLINGREA
Volume growth in specialty and nutrition offset pricing headwinds; net debt down 20% YoY. - TRI
Strong organic growth, margin expansion, and capital returns set the stage for 2026 targets. - RUG
Record Q4 growth, higher margins, and a SEK 5.00 dividend highlight strong performance. - HSY
2026 outlook targets 4%-5% sales growth, margin recovery, and strong EPS rebound.
Next Crest Nicholson earnings date
H1 20267 Jun, 2026
Crest Nicholson
Next Crest Nicholson earnings date
H1 20267 Jun, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Crest Nicholson Holdings plc is a residential property development company that focuses on designing and building sustainable homes and communities across the United Kingdom. The company specializes in the development of a wide range of properties, including apartments, houses, and mixed-use developments, targeting both private buyers and affordable housing sectors. The company is headquartered in Surrey, United Kingdom, and its shares are listed on the London Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage