Miller Homes targets 7,000 homes after record results surge

The home builder, owned by US investor Apollo, turned in a pointy soar in 2025 buying and selling, with pre-tax revenue climbing 75% to £124m as turnover jumped by simply over a 3rd to £1.43bn.

Completions elevated 29% to 4,931 properties, together with 779 delivered by St Modwen over the 11 months because the acquisition accomplished on the finish of January final yr.

Adjusted working revenue rose 40% to £219m, whereas margin improved to fifteen.4% from 14.8%, underlining how the enlarged group transformed larger volumes into stronger returns.

Chief government Stewart Lynes stated the enterprise had delivered “vital, worthwhile quantity progress” regardless of the broader market backdrop, pushed by the St Modwen deal and earlier land funding.

The acquisition has given Edinburgh headquartered Miller a second personal gross sales model and expanded its routes to market throughout personal, reasonably priced, partnerships and three way partnership supply.

Ahead gross sales for the present monetary yr had been up 40% on the yr finish to £635m, and have since moved on once more to £907m, in contrast with £815m on the identical stage final yr.

The land place additionally strengthened. Consented plots rose 19% to 16,329, whereas the strategic landbank expanded to 50,655 plots. Miller stated it plans to submit planning functions for 30 strategic websites this yr towards simply eight in 2025 to assist progress from 2028 onwards.

Money on the yr finish stood at £232m, giving the group room to maintain backing enlargement.

Lynes stated Miller was now nicely positioned to push on in the direction of its goal of delivering 7,000 properties, though the agency is looking forward to any fallout from battle within the Center East on prices and market confidence.