Berkeley Group has published its interim results for the six months to 31st October 2025, reporting the delivery of 2,022 homes.
Net cash was £342m after £132m of share buy-backs, and net asset value per share was up 5% to £37.63.
Berkeley continued to invest over £1bn into its build-to-rent (BTR) portfolio, maintaining disciplined cost and balance sheet control.
The company also focussed on planning activity to secure viable consents and supported Government initiatives to increase housing supply in London.
Customer interest was steady, though the market was constrained by higher interest rates and macro-economic uncertainty.
Berkeley continued to prioritise cash flow and shareholder returns, with £132m of share buy-backs in the period.
Over £220m in subsidies were provided for affordable housing and wider community and infrastructure benefits in the six-month period.
The net promoter score was +76.9 and customer satisfaction ratings were maintained.
Berkeley was ranked first for customer care and build quality by HomeViews.
Rob Perrins, executive chair at Berkeley, said: “Berkeley has delivered £254m of pre-tax profit for the six-month period.
“Net cash is £342m, after £132m of share buy-backs, and net asset value per share is up 5% to £37.63.
“This highly creditable performance reflects exceptional operational execution in a very challenging macro-economic and regulatory environment, the quality of our market-leading homes and the strength of our unique long-term operating model.”
Perrins added: “We remain on track to meet our pre-tax profit guidance of £450m for this year and a similar level for FY27, along with our target for a strong net cash position.
“Berkeley’s performance is driven by its exceptional people and culture.
“On behalf of the board, I want to express our sincere thanks to the entire Berkeley team for their commitment, creativity, and constant attention to detail.”
