Persimmon’s full-year average net private sales rates were in line with the prior year at 0.70, with performance held back by a slowing market ahead of the UK Budget in November.
Completions were ahead of market expectations, up 12% to 11,905 new homes. Average selling prices were up 4% to around £278,000.
The order book grew by 2% to £1.2bn. The net cash position roughly halved to around £0.1bn, driven by increased land spending and continued shareholder returns.
Full-year underlying pre-tax profit is expected to land at the top end of market expectations (£415-440mn), pointing to growth of around 11%.
For 2026, underlying pre-tax profits are forecast to be in the £461-487mn range. Build-cost inflation is expected to remain at 2025 levels.
The shares rose 2.1% in early trading.
Our view
HL view to follow.
Persimmon key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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