Barratt Redrow delivered higher volumes and completed its Redrow integration, but faced margin compression due to build-cost inflation and softer underlying pricing.
Barratt Redrow reported higher completions and revenue but lower margins and profit, with integration savings and buybacks providing support.
Barratt Redrow posted a 5% increase in home completions to 17,667 for FY 2026, with revenue exceeding £6 billion. Despite the volume growth, adjusted profit before tax fell to £572.8 million as build-cost inflation and sales incentives weighed on margins. The company successfully integrated Redrow, hitting its £100 million synergy target, and announced plans for £400 million in capital returns for FY 2027.
The company plans £400 million in capital returns for FY 2027, which includes £386 million allocated for share repurchases.
The integration generated a £73 million profit-and-loss benefit in FY 2026 and successfully met the £100 million cost-synergy target.