Miller Homes has reported significant increases in its completions, profit and turnover, delivering a record year for the business in 2025. The housebuilder says that performance was driven by the integration of St. Modwen Homes, a continued investment in land and the expansion of the Group’s multi-tenure model.
For the year ending 31 December 2025, Miller recorded a 29% increase in completions, up to 4,931 in 2025 from 3,813 the previous year. The Group’s operating profit rose by 40%, totalling £219million, up from £157million, while its turnover rose by 34% to £1,425million from £1,0160million in 2024.
Miller’s forward sales also saw a significant increase, up 40% to £635million for the current financial year compared to £455million in 2024. The Group also saw its average selling price rise by 4%, reaching £295,500.
Commenting on the results, chief executive of Miller Homes, Stewart Lynes, said: “2025 was a milestone year for Miller Homes, and I am delighted to report strong results that reflect the effectiveness of our growth strategy and disciplined operational execution.”
“We achieved significant, profitable volume growth despite the macro‑economic backdrop, driven by the successful acquisition of St. Modwen Homes in January and the benefit of sustained organic land investment.”
“The St. Modwen Homes acquisition introduced a second private brand to our portfolio, providing us with four routes to market, and expanded both our consented and strategic landbanks. Achieving a five-star rating from HBF for the 14th time in 15 years further demonstrates our strong and consistent focus on delivering for our customers.”
“Looking ahead, following this transformative year, we are well‑positioned to deliver further profitable growth as we progress towards our 7,000 homes target supported by our enlarged landbank and multi‑tenure approach. Externally, we are monitoring the economic effects of the Middle East conflict. Our digital sales and marketing system provides granular lead indicators, which to date show no adverse impact, and we stand ready to respond swiftly should conditions change.”
