Trading Statement

(LSE/AIM:GLE) MJ Gleeson plc announced a trading update for the year ended 30 June 2026 (FY2026), stating that FY2026 concluded in line with market expectations supported by a robust delivery from Gleeson Homes. Gleeson Homes completed the sale of 1,968 homes (FY2025: 1,793 homes), an increase of 9.8% over the prior year, including 320 partnership completions and 301 private multi-unit sales. The forward order book increased marginally to 848 plots (30 June 2025: 845 plots), and the division opened 13 new build sites during the year, starting the new financial year with 63 build sites (30 June 2025: 68 sites). Gleeson Land completed the sale of five sites during the year (FY2025: seven) and will report a small operating loss due to the expected completion of three transactions being delayed into FY2027. The Group ended the year with a net debt position of £2.6m (30 June 2025: net debt position of £0.8m), and Gleeson Homes' land creditors remain low at £15.5m (30 June 2025: £13.6m), representing c13% of land assets. The company projects that inflationary pressure will continue, compounding the effect of regulatory and tax burdens, and that the business will operate from slightly fewer sites in FY2027 than previously planned.