Lovell has seen its revenue and operating profit rise in its latest full-year results, as the Morgan Sindall Group reports a “strong performance” in 2025.
For the year ending 31 December 2025, the national partnership housing specialist recorded a revenue increase by 5%, up to £903million from £861million the previous year. Its operating profit rose 16% in the period, up from £36.1million in 2024 to £42million in 2025.
The company also saw its order book increase by 7% at the end of 2025, standing at £2.33billion, with 60% of work extending into 2026 and beyond, which Lovell says demonstrates clear visibility over its future delivery.
The parent group increased its revenue by 10% in the financial year to over £5billion, while it also saw its operating profit increase by 39% to £232.6million.
Managing director of Lovell, Steve Coleby, said: “We’ve delivered record results in a year where the housing market has remained under pressure, which reflects the strength of our long-term partnerships and the exceptional efforts from our employees.”
“What’s stood out this year is the consistency of demand from our public sector partners. That stability, combined with the scale of our long-term regeneration projects, has enabled us to grow and maintain a strong forward pipeline.”
“With housing need remaining acute across the UK, our long-term partnerships are enabling us to continue delivering high-quality, affordable homes at scale.”
Last year, the firm delivered more than 5,000 new homes, with 85% of these homes affordable, matching the previous year’s performance.
The trading update says that Lovell’s performance during the year was driven by continued demand across construction and planned maintenance, which helped offset slower activity in mixed tenure developments as open market sales remained subdued.
Lovell said that it had seen improved margins as a result of strong demand for contracting and an increase in the size and value of mixed tenure schemes progressing through delivery. During the period, it continued its investment in long-term partnerships, and saw a “resilient” demand from housing associations and local authorities despite softer open market activity.
Looking ahead, following the launch of the latest Homes England funding programme, Lovell expects continued strength in its forward pipeline as it supports its housing association and local authority partners on their forward programmes.
