WATKIN JONES PLC (LSE) reports Full Year Results

2025-12-16 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On December 16, 2025, Watkin Jones plc announced its full-year results for the fiscal year ended September 30, 2025 (FY25). The Group reported a revenue of £279.8 million, a decline from £362.4 million in the previous fiscal year (FY24), reflecting the impact of challenging market conditions and a reduction in the number of completed projects.

In terms of profitability, the adjusted operating profit for FY25 was £6.3 million, down from £10.6 million in FY24. The statutory operating loss was £5.8 million, compared to an operating profit of £3.6 million in the prior year. Profit before tax also decreased, with an adjusted figure of £5.6 million compared to £9.2 million in FY24, while the statutory loss before tax was £8.7 million, compared to a loss of £0.3 million in FY24. Basic earnings per share (EPS) for FY25 were reported at 2.3 pence, down from 3.5 pence in FY24, with a statutory loss per share of 3.3 pence compared to a profit of 0.7 pence in the previous year.

The Group’s financial performance was impacted by exceptional charges, including a £7.1 million impairment related to land and asset impairments and a £5.0 million provision for building safety costs. Despite these challenges, Watkin Jones reported a gross profit of £26.5 million, down from £33.8 million in FY24. The adjusted net cash position at the end of FY25 was £70.5 million, a decrease from £83.4 million in FY24, highlighting the Group’s ongoing focus on cash management.

Looking ahead, Watkin Jones provided guidance that reflects a strong outlook for the upcoming fiscal year. The Group has secured approximately £340 million in contractually forward-sold revenue for FY26 and beyond, alongside a robust development pipeline valued at around £2 billion. Recent developments include a contract exchange for a purpose-built student accommodation (PBSA) scheme in Bristol, which will deliver 484 student beds, and a signed letter of intent for a 294-unit aparthotel in Wimbledon, expected to generate approximately £40 million in future revenue.

The CEO, Alex Pease, expressed confidence in the Group’s operational platform and its ability to create long-term value for stakeholders, emphasizing the importance of effective cost management and the diversification of revenue streams. The medium-term outlook for the residential rental sectors remains positive, driven by strong market fundamentals and investor sentiment.

In summary, while Watkin Jones faced a challenging fiscal year with declines in revenue and profit, the Group’s strategic initiatives and strong pipeline position it well for future growth and recovery in FY26.

Original Announcement

Title: Full Year Results
Date: 2025-12-16
Source: London Stock Exchange