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Henry Boot (BOOT) investor relations material
Henry Boot Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic and operational highlights
Delivered resilient 2025 performance with profits expected in line with market expectations, supported by strong demand for high-quality residential land.
Accelerated planning applications for over 11,000 plots, increased ownership and landbank of Stonebridge Homes, and completed the sale of Henry Boot Construction to simplify operations.
Net debt rose to approximately £108m due to accelerated planning and landbank growth, with gearing slightly above the preferred range.
Hallam Land achieved record residential plot sales and secured consent for over 4,000 plots, positioning for medium-term growth.
HBD completed £119m GDV in schemes, expanded its industrial JV, and secured new development opportunities including a £1bn mixed-use campus in Cheltenham.
Market and financial performance
Transaction volumes remained subdued, with house prices and land values broadly flat; industrial property saw 4.8% rental growth.
Investment portfolio outperformed the wider market, with total property return ahead of the CBRE UK Monthly Index.
Stonebridge Homes completed 185 homes, below expectations due to planning and build delays, but expanded its landbank to 2,572 plots.
HBC and other subsidiaries performed in line with expectations, with Road Link entering the final months of its PFI contract.
Outlook and guidance
Focus remains on residential, industrial/logistics, and urban development, with positive long-term trends expected as inflation and interest rates decline.
Hallam Land and HBD are well positioned with strong pipelines, while Stonebridge Homes is undergoing operational improvements.
Lower forward sales and expiry of the Road Link contract will impact 2026 results; profit before tax for 2026 is now expected to be significantly below current market expectations.
Group remains well placed for market recovery, supported by a strong balance sheet and disciplined investment approach.
- TimeTickerHeadlineOpen
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