Finance
UK's Barratt Redrow reports 13.6% fall in half-year profit
Published by Global Banking & Finance Review®
Posted on February 11, 2026
2 min readLast updated: February 11, 2026
Quick Summary
Barratt Redrow reported a 13.6% drop in half-year profits, with adjusted pre-tax profit at 199.9 million pounds due to low industry demand.
Barratt Redrow Sees 13.6% Drop in Half-Year Profit Amid Market Challenges
Barratt Redrow's Financial Performance
Feb 11 (Reuters) - Britain's largest homebuilder Barratt Redrow reported a 13.6% decline in first half adjusted pre-tax profit on Wednesday amid subdued demand in the industry.
Impact of Property Tax Uncertainty
Although property‑tax uncertainty dampened market demand toward the close of 2025, British homebuilders have been signaling improving buyer sentiment heading into the spring selling season, supported by steadier loan rates and clearer tax guidance following the budget.
Home Completions and Future Outlook
Barratt Redrow completed 7,444 homes in the period, up 4.7% from a year earlier, and said it benefited as customers rushed to complete purchases ahead of Christmas once uncertainty around the UK government's November budget was removed.
Adjusted Pre-Tax Profit Figures
The company reported an adjusted pre-tax profit of 199.9 million pounds ($273.24 million) for the six months ended December 28 compared to 231.4 million pounds in the prior year.
Market Sentiment Heading into Spring
The firm said it expects full-year adjusted pre-tax profit to be within the consensus range of 558 million pounds to 617 million pounds and reaffirmed its home completions target of between 17,200 and 17,800 units.
($1 = 0.7316 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)
Key Takeaways
- •Barratt Redrow's half-year profit fell by 13.6%.
- •Adjusted pre-tax profit was 199.9 million pounds.
- •The decline is due to subdued demand in the industry.
- •Previous year's profit was 231.4 million pounds.
- •Exchange rate noted as $1 = 0.7316 pounds.
Frequently Asked Questions about UK's Barratt Redrow reports 13.6% fall in half-year profit
1What is adjusted pre-tax profit?
Adjusted pre-tax profit is a company's earnings before tax, adjusted for certain non-recurring items, providing a clearer picture of ongoing profitability.
2What is a homebuilder?
A homebuilder is a company or individual that constructs residential properties, including single-family homes, townhouses, and condominiums.
3What is profit margin?
Profit margin is a financial metric that shows the percentage of revenue that exceeds the costs of goods sold, indicating how efficiently a company is generating profit.
