Crest Nicholson reported its fiscal year 2025 results, with adjusted profit before tax in line with guidance. The UK homebuilder delivered 1,691 completions, with an average selling price of £323,000. Land sales contributed £78.8 million to total revenue of £610 million. Adjusted operating profit reached £34.7 million, and adjusted profit before tax hit £26.5 million.

For FY26, Crest Nicholson anticipates delivering 1,100-1,200 open market units and 450-500 bulk and affordable units. A 6% increase in average selling price is projected, reversing the mix impact seen in 2025. The company forecasts land revenue between £75-110 million and an adjusted gross margin of 15-16%. Net debt is expected to range between £15-65 million.

The company closed its Chiltern division in December 2025. Early signs show improving activity levels in website visits and sales. The forward order book for 2026 stands at 848 units. Crest Nicholson's short-term land bank includes 11,083 plots. Building Safety Provisions increased by £4.1 million.

This news is important for investors tracking the UK housing market. The results suggest the homebuilder is navigating market challenges effectively. With a focus on strategic land and a new housing product rollout planned for 2027, Crest Nicholson is positioning itself for future growth. The FY26 outlook will be key.