- Henry Boot
- 29 January 2026 10:06:04
Source: Sharecast
The company said in a trading update that its 2025 profits were set to be broadly in line with market expectations of £29.7m as it delivered a "resilient" performance despite the uncertain backdrop, underpinned by continued demand for its "high quality" land.
However, 2026 pre-tax profit is on course to be "significantly" below current market expectations of £33.6m. The company said that due to ongoing subdued transaction activity and wider macroeconomic uncertainty, there will be a lag in its performance.
Henry Boot said it entered this year with a lower forward sales position across the group, and as expected, the expiry of the profitable Road Link contract in March will impact results.
Chief executive Tim Roberts said: "Across the group, we have made good strategic progress, accelerating planning applications for over 11,000 plots within Hallam Land, strengthening our housebuilders' landbank and simplifying the group through the sale of Henry Boot Construction. All of this activity positions us well for the medium term.
"While market activity remains subdued, the fundamentals of our three key markets remain compelling, and we are well placed to benefit from the significant opportunities we have been building up within our portfolio, supported by a strong balance sheet and a disciplined approach to investment."
At 0940 GMT, the shares were down 11% at 193.24p.