Keepmoat has seen its profit and turnover fall in its latest financial results in the face of a “continued challenging market”.
For the financial year ending 31 October 2025, Keepmoat reported a turnover of £732.8million, a drop of 4% on the previous year. Pre-tax profit stood at £45.8million, down 14% year-on-year and sales dropped to 3,124 from 3,516.
However, the housebuilder had increased its land-buying over the period, and its pipeline now stands at 28,800 plots on an additional 60 new sites, an increase of 18% on the previous year.
Ian Hoad, chief executive of Keepmoat, said: Our performance in the year reflects a continued challenging market, with ongoing cost inflation and interest rates remaining higher than expected, impacting consumer confidence, affordability and therefore activity levels. In addition, a more conservative approach to land buying in recent years has led to a reduction in outlets year-on-year, further affecting activity levels.”
“Encouragingly, we performed strongly in the land market during FY25, securing over 60 new sites to build our pipeline and outlet growth over the coming years. Our differentiated Partnership Business Model and multi-tenure offering has once again proved to be resilient in a challenging economic environment. As we increase our investment in our land pipeline, we will maintain our focus on ensuring that we secure high-quality partnership land in the right locations and at the right price to achieve our growth objectives.”
“We have grown our strong forward pipeline (…) to approximately nine years of delivery at current levels, and as a result, we are well positioned to deliver shareholder value and delight our customers by building more high-quality new homes, in the places they want to live.”
“I am confident that the business is well placed to deliver its growth plan. The changes implemented over the past year will enable us to execute our strategy and achieve our collective objectives. I look forward to continuing to work with our public and private sector partners and our highly experienced management team, to deliver the high-quality multi-tenure homes and communities that the country so desperately needs.”
