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Berkeley Group Sees 5.1% Profit Drop, Appoints Perrins Executive Chair

The company plans to deploy £7bn of free cash flow over the next decade following a trimmed profit outlook of £450m for 2025-26.

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Overview

  • Pre-tax profit fell to £528.9m in the last financial year, down 5.1% from £557.3m, as operating margin improved to 20.1%.
  • Berkeley delivered 4,300 homes including 92% on regenerated brownfield land under its sustainability-focused model.
  • Chief executive Rob Perrins will step into the executive chair role in September, with CFO Richard Stearn succeeding him as CEO.
  • The group outlined a 10-year strategy supported by £7bn of free cash flow and reported £6.7bn of land holdings with strong planning momentum.
  • Berkeley reaffirmed its commitment to the housing-led growth agenda by submitting planning applications across all its sites.