Bellway boosts shareholder returns with £150m buyback after strong year

British housebuilder Bellway on Tuesday announced a 150 million British Pounds share buyback and a higher dividend after reporting a nearly 28% rise in full-year underlying profit, driven by an increase in home completions.

For the year ended July 31, underlying profit before tax rose to 289.1 million British Pounds, as revenue grew 16.9% to 2.78 billion British Pounds, the company said.

Bellway completed 8,749 homes, up 14.3% from the prior year, at an average selling price of 316,412 British Pounds.

"Bellway has delivered a good performance in FY25 with double-digit growth in volume output and profits, and our sharper focus on balance sheet efficiency is reflected by the £150m share buyback programme announced today," Chief Executive Jason Honeyman said.

The company noted recent weak consumer sentiment due to affordability constraints but still plans to increase volume output to around 9,200 homes in the 2026 financial year.

The proposed total dividend was increased by 29.6% to 70 pence per share.

Reported profit before tax, which included 67.2 million British Pounds in adjusting items for building safety and a regulatory probe, rose 20.8% to 221.9 million British Pounds.