Finance
UK's Berkeley reaffirms profit forecast for fiscal 2026-2027
Published by Global Banking & Finance Review®
Posted on September 5, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 5, 2025
2 min readLast updated: January 22, 2026
Berkeley Group reaffirms its profit forecast for fiscal 2026-2027 amid UK housing market challenges, maintaining a pre-tax profit projection of 450 million pounds.
(Reuters) -British homebuilder Berkeley reaffirmed its profit forecast for fiscal years 2026 and 2027 on Friday and reported stable trading over the first four months of fiscal 2026.
The UK housing market faces renewed uncertainty as persistently high borrowing costs and stubborn inflation reignite affordability concerns, while planning and regulatory hurdles compound the sector's struggles.
Major developers, including Persimmon and Barratt Redrow, have flagged fragile consumer confidence amid economic uncertainty and are increasingly resorting to incentives and discounts to shore up demand.
Berkeley maintained its pre-tax profit forecast of 450 million pounds ($607.9 million) for the year ending April 30, 2026 and projected a similar outcome for fiscal 2027.
That compares with analysts' expectations of 460.9 million pounds in pre-tax profit for fiscal 2026, per data compiled by LSEG.
The company, which operates across London, Birmingham and the south of England, estimates its pre-tax profits to be broadly evenly split between the first and second half of the current fiscal year.
($1 = 0.7402 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sumana Nandy)
The UK housing market refers to the supply and demand dynamics of residential properties in the United Kingdom, influencing prices and sales.
Borrowing costs are the expenses incurred by individuals or businesses when obtaining loans, including interest rates and fees.
Pre-tax profit is the income a company earns before accounting for income tax expenses, used to assess financial performance.
Planning and regulatory hurdles are obstacles that businesses face when trying to comply with laws and regulations, often affecting project timelines and costs.
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