BARRATT Redrow has revealed the business has delivered a ‘solid performance in a challenging market’ in a trading update for the year ended 28 June 2026.
Total home completions were described as being ‘at the upper end’ of guidance at 17,667, including 566 homes from joint ventures and 3,774 affordable homes.
Barratt added that adjusted profit before tax and the impact of PPA adjustments are in line with market expectations.
The housebuilder also highlighted a ‘strong’ balance sheet position with year-end net cash of circa £772 million, having benefited from reduced land spend and the delayed timing of legacy building remediation payments.
Chief executive David Thomas said, “Barratt Redrow has delivered a solid performance in a challenging market, completing 17,667 homes and generating adjusted profit before tax in line with market expectations. This reflects the quality of our homes, the strength of our three complementary brands and the operational excellence of our teams across the business.
“The sector continues to navigate macroeconomic and geopolitical uncertainty, alongside industry headwinds and subdued customer demand, which have weighed on market sentiment. However, this means that given our performance and resulting balance sheet strength, deploying capital through an expanded share buyback programme is currently the most effective way to create long-term shareholder value, and we intend to return £400m to shareholders in FY27, primarily through share buybacks.
“Despite the backdrop, we are very well positioned. Redrow has been successfully integrated and is delivering the synergies planned and we continue to target further cost savings. Our flexible business model, strong balance sheet and further opportunities to optimise capital employed, such as the roll out of further synergy sales outlets, position us well to drive attractive returns for shareholders over the long term.”
The trading update was issued ahead of publication of the group’s annual results on 16 September 2026.
