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MJ Gleeson
MJ Gleeson (GLE) investor relations material
MJ Gleeson Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary16 Jan, 2026
Trading performance and outlook
Full-year results are expected to align with current market expectations, with confidence in FY2026 forecasts following an interest rate cut and fading budget concerns.
848 homes were sold in the period, a 6% increase year-on-year, with net reservation rates rising to 0.75 per site per week.
Forward order book stands at 978 plots, with about 650 sales anticipated before year-end.
Operational restructuring under Project Transform has improved performance, with further changes implemented to streamline overheads.
Operational highlights and challenges
Nine new build sites opened and seven commenced sales, though planning resource constraints continue to limit new site openings.
Gleeson Partnerships delivered its first homes and sees strong interest from private rental investors and housing associations.
Gleeson Land completed three site sales, with five more in active sale processes and strong demand for prime consented sites.
Fifteen planning applications were submitted, with two consents achieved and permissions secured for all sites expected to be sold this year.
Financial position
Net debt at period end was £22.5 million, up from £18.1 million at the previous year-end.
Detail Project Transform's margin impact
Address fewer active selling sites
Contingency for 50% land sale delay?
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Next MJ Gleeson earnings date
H1 202611 Feb, 2026
MJ Gleeson
Next MJ Gleeson earnings date
H1 202611 Feb, 2026
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Frequently asked questions
MJ Gleeson plc is a UK-based company specializing in low-cost house building and land promotion. Operating through two primary divisions, Gleeson Homes and Gleeson Land, the company focuses on house building in the north of England and Midlands, and the sale of land in the south of England. Gleeson Homes is dedicated to the construction of residential properties, aiming to address the demand for affordable housing. Meanwhile, Gleeson Land is involved in promoting land through the planning system, capitalizing on strategic land development opportunities. The company is headquartered in Sheffield, England, and its shares are listed on the London Stock Exchange.
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