Wates Group reported a strong 2025 performance, delivering record turnover of £2.56bn, statutory profit before tax of £29.2m, and its largest-ever secured pipeline of work at £10bn.
The results extend the company’s 26-year run of continuous profitability and leave it with a record net cash position of £248.3m. The business said the year was one of consolidation after major strategic investment in 2024, helping to create a platform for further sustainable growth.
Across its portfolio, Wates highlighted resilient trading in difficult market conditions. Wates Construction maintained profitability, SES grew strongly through offsite manufacturing and technology investment, WPS achieved record growth in revenue, profit and order book, Wates Residential delivered record turnover and a record order book, and Wates Land & Development secured every planning consent it pursued while progressing major schemes such as Hammonds Farm in Chelmsford.
The Group also emphasised its purpose-led model, reporting £18 of social value for every £1 of profit and a cumulative £1.4bn of social value since 2020. It accelerated sustainability activity too, including the launch of Wates Wildscape, major decarbonisation work in social housing, and further expansion of offsite manufacturing.
Eoghan O’Lionaird, Chief Executive, Wates Group said:
“Our 2025 results demonstrate the resilience of Wates Group and the strength of our long-term model. Despite ongoing industry headwinds, we have delivered strong, sustainable and profitable growth.”
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