The company complete 9,695 new homes in the year to 31 July 2026, up from 8,749. The company achieved an average selling price of 拢324,404, up from 拢316,412. Revenue was up 13.6% to 拢3,162.2m.
Expenses relating to legacy building safety reached 拢35.2m, falling from 拢51.8m. Underlying profit before taxation, net legacy building safety expense, and other exceptional items聽was up 5.7% to 拢305.7m, while reported profit before tax including these safety expenses and other items was 拢270.2m, up from 拢221.9m.
The company focused on disciplined management of work in progress and capital efficiency, boosting adjusted operating cashflow to 拢868.6m, up 5.7% from 拢638.9m.
It proposes to increased dividends paid to shareholders by 7.1% to 75p a share and to buyback shares worth 拢150m in 2027.
Jason Honeyman, chief executive, said,聽鈥淏ellway has delivered a robust performance, growing both volume output and profits despite ongoing challenges across the housing market. Our continued focus on operational improvement and capital efficiency has enhanced resilience, driven a significant 36% increase in adjusted operating cashflow and supported higher shareholder returns.聽
"The UK continues to face a substantial shortage of new homes, while affordability remains a major barrier for many prospective buyers. We therefore welcome the Government鈥檚 proposed Your First Home scheme, which has the potential to provide significant support for first-time buyers. We look forward to further detail on the scheme and to engaging with Government on its design and implementation. Bellway has the financial strength, operational capability and land bank to respond as market conditions improve and increase the delivery of much-needed new homes over the medium term.鈥澛�
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