Barratt Redrow has reported its financial results for the year ending 29 June 2025, highlighting a resilient performance and a solid platform for future growth.

The housebuilder delivered total revenue of £5.58bn – a 33.8% increase on the previous year’s £4.17bn – reflecting the combined strength of the merged business and continued market demand.

Statutory profit before tax rose sharply by 60.5% to £273.7m, up from £170.5m in 2024. On an adjusted basis, profit before tax climbed 26.8% to £488.3m, compared to £385m last year.

Excluding purchase price allocation (PPA) costs linked to the Redrow acquisition, adjusted profit before tax reached £591.6m – outperforming consensus estimates of £582.8m and significantly ahead of last year’s £385m.

The company hailed the results as evidence of its strengthened operational platform and the early strategic benefits of the Barratt–Redrow merger.

Home completions rose to 16,565 during the year, an 18.3% increase from 14,004 in 2024. Shareholders will also see a boost, with the firm declaring a dividend of 17.6p per share – up 8.6% from 16.2p last year.

David Thomas, chief executive of Barratt Redrow, said: “The acquisition of Redrow is transformative for the group, and I am pleased with the progress we have made on delivering synergies ahead of our targets and executing a successful integration, which is now largely complete.”

“While the housing market remains challenging and we anticipate limited growth in FY26, the long-term fundamentals of the sector remain compelling.

“We have a unique offering, with three distinct leading brands with a strong land position and balance sheet and a clear strategy to deliver long-term, sustainable growth and 22,000 homes a year in the medium-term. In the meantime, it is vital that government policy is focused on reforming the planning system, removing barriers to investment and supporting purchasers, particularly first-time buyers, if the sector is to build the homes the country needs.”