Bellway Profits Rise 22% as Housebuilder Launches £150M Buyback
Key Facts
UK housebuilder Bellway reported a 21.8% increase in pre-tax profit to £270.2 million for the financial year ending July 31. Proactive Investors reported that the company also announced a new £150 million share buyback program for the current financial year. Additionally, the total dividend was increased by 7.1% to 75p per share following a strong cash performance.
The profit growth was supported by a 13.6% rise in revenue to £3.16 billion, while year-end net cash climbed to £157.7 million. Despite the strong results, Bellway warned that completions are expected to fall to between 9,000 and 9,400 units in the upcoming period, down from 9,695 units. This cautious outlook follows broader market data from October 7, 2026, which showed the UK House Price Index remained flat at 0% on a monthly basis.