Barratt Developments Reports Resilient FY25 Performance
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Barratt Developments PLC reported a resilient performance for FY25, with a 33.8% revenue increase to £5,578.3 million and a 26.8% rise in adjusted profit before tax to £591.6 million. The company completed 16,565 homes, an 18.3% increase from the previous year, aided by the acquisition of Redrow, which contributed to significant revenue growth and cost synergies of £69 million. Despite a challenging market, Barratt maintains a strong balance sheet with net cash of £772.6 million and plans for 17,200 to 17,800 home completions in FY26, emphasizing the need for government support for future growth.
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