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last mo.

Taylor Wimpey Posts £92m Half-Year Loss as Cladding Provisions Surge

Fire safety and regulatory provisions drove a £92m half-year loss as housing completions and revenue climbed.

Taylor Wimpey posted a pre-tax loss of £92.1 million in the six months to the end of June
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Overview

  • Taylor Wimpey swung to a £92.1m loss before tax in the first half of 2025 after increasing its fire safety provision by £222.2m.
  • The builder also booked a £15.8m charge related to the Competition and Markets Authority’s £100m remediation commitments package.
  • Housing completions rose 11% to 5,264 homes in H1 2025, and revenue grew 9% to £1.65bn despite softer trading in the second quarter.
  • The company reaffirmed its full-year targets of 10,400–10,800 UK completions and an operating profit of £424m for 2025.
  • Taylor Wimpey reiterated that leaseholders will not shoulder remedial costs and saw its shares dip about 5% after the interim results.