Housebuilder Persimmon completed 11,905 homes in 2025, an increase of 12% year-on-year.
The developer added that full-year pre-tax profits are between £415-£440 million, which is at the upper end of what’s expected.
Aarin Chiekrie, equity analyst, Hargreaves Lansdown, said: “Both the order book and average selling prices were trending higher. That’s in part due to Persimmon’s houses being priced around 15% below the newbuild national average, offering some resilience to the current market challenges.
“Looking ahead, buyer affordability will remain a key challenge for Persimmon to wrestle with in the new year. The market’s currently pricing in two rate cuts by the end of 2026, which should help buoy buyers’ purchasing power slightly.
“Persimmon expects cost inflation to remain at a manageable level, helped by its in-house materials business, which provides quicker and cheaper access to key materials, shaving off around £5,000 worth of costs.
“With its valuation sitting well below the long-run average, Persimmon offers an attractive way to play the UK housing market, and there’s a prospective dividend yield of 4.7% on offer to reward potential investors for their patience.”
It’s order book (the value of homes people have committed to buying) has increased by 2% year-on-year to £1.2 billion.