Shares in housebuilder slide as it reveals profits have more than halved
Profits at housebuilder MJ Gleeson have more than halved despite growing revenues in what it described as a “robust performance in a subdued market”, warning that a strong Spring selling season will be critical to hitting full-year expectations.
In results for the six months to 31 December 2025, the Sheffield-based group saw profit before tax fall 52.8% to £1.7m.
The news sent shares in MJ Gleeson sliding, falling around 11% to 351.95p in early trading.
Total revenue increased 9.6% to £173.1m from £157.9m a year earlie... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
