Barratt Redrow has seen its pre-tax profit fall and a dip in reservation rates in its latest half-year results.
The Group’s trading update for the 26 weeks to 28 December 2025, reported a pre-tax profit of £199.9million, down 13.6% from £231.4million in the same period the previous year.
Barratt Redrow also saw a slight drop in its net private reservation rate, falling from 0.59 to 0.57 year-on-year, which it says reflects fewer private rental sector and other multi-unit reservations in the period.
However, Barratt Redrow saw an uptick in completions, delivering 7,444 homes during the period, a 4.7% increase on the 7,107 aggregated total home completions in the comparable period.
The housebuilder also provided an update on the Group’s legacy building safety work, with its building safety provision totalling £829million as of the end of the period, during which it spent £73million.
Barratt Redrow added three buildings to its active portfolio that potentially require remedial work, as well as another six on existing active developments. During the period, seven buildings were completed or found not to need remediation, bringing its active portfolio to 280.
Looking forward, Barratt Redrow had noted improvements following the end of the reporting period, with its net private weekly reservation rate from 29 December 2025 to 1 February 2026 increasing to 0.59.
Its forward sales at 1 February 2026 stood at 11,168 homes, up from 10,903 year-on-year, with a value of £3,407.8million.
Barratt Redrow said that it remains on track to deliver home completions of between 17,200 and 17,800, with around 600 joint venture completions, in line with its previous guidance.
David Thomas, chief executive of Barratt Redrow plc, said: “During the first half, we delivered a resilient performance in a subdued market while making strong progress integrating Redrow. As that integration nears completion, our focus is on disciplined execution. We are embedding our proven operating model across the enlarged group, delivering operational excellence, strengthening efficiency, and positioning Barratt Redrow to deliver volume growth, margin progression, and capital returns through the cycle.”
“With a strong land bank, solid forward sales and synergy delivery in line with our targets, we are well positioned to deliver sustainable medium-term growth. However, while progress made on planning reform is encouraging, a stable and supportive demand environment is essential to enable increased delivery at scale across the sector.”
