MJ Gleeson's 1H26 results showed top-line progress, with Homes division revenue rising 7.7% to £168.6m, driven by a 6% increase in completions and 2.5% uplift in average selling price (ASP). However, margins came under pressure from continued use of incentives and bulk sales alongside build cost inflation, whilst admin expenses increased, reflecting higher staff costs. In Land, momentum remains strong though forecasts are dependent on the timing of one sale representing 50% of forecast plots for ....
11 Feb 2026
MJ Gleeson - Spring selling season critical to guidance
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MJ Gleeson - Spring selling season critical to guidance
MJ Gleeson PLC (GLE:LON) | 358 -132.5 (-9.4%) | Mkt Cap: 209.2m
- Published:
11 Feb 2026 -
Author:
Max Hayes -
Pages:
4 -
MJ Gleeson's 1H26 results showed top-line progress, with Homes division revenue rising 7.7% to £168.6m, driven by a 6% increase in completions and 2.5% uplift in average selling price (ASP). However, margins came under pressure from continued use of incentives and bulk sales alongside build cost inflation, whilst admin expenses increased, reflecting higher staff costs. In Land, momentum remains strong though forecasts are dependent on the timing of one sale representing 50% of forecast plots for ....