Taylor Wimpey cut its 2025 guidance for a key profit metric. "Taylor Wimpey Operating Profit Rises But Misses Guidance as Sales Fall," at 0740 GMT, incorrectly said the company missed guidance in the first paragraph and headline. The correct version follows:
By Anthony O. Goriainoff
Taylor Wimpey cut its 2025 guidance for a key profit metric after a slower home-sales performance in the second half of the year due to uncertainty ahead of the U.K. budget in November.
The London-listed house builder said Thursday that this also affected its order book, which stood at 1.86 billion pounds ($2.50 billion) as at Dec. 31 compared with 2 billion pounds at the end of 2024.
The company said it expects 2025 group operating profit, including joint ventures and excluding exceptional items, to be around 420 million pounds compared with 416.2 million pounds in 2024. In November, it guided for operating profit of around 424 million pounds.
Taylor Wimpey also said it expects its operating profit margin to be lower this year than in 2025 and, given the lower opening order book, for its performance to be more second-half weighted than in prior years.
Revenue is expected to be 3.8 billion pounds, up from 3.4 billion pounds in 2024, and driven by higher volumes, average selling prices and land sales.
Total home sales including joint ventures rose to 11,229 from 10,593, with overall average selling prices rising to around 335,000 pounds from 319,000 pounds in 2024. In November, the company guided for sales of 10,400 to 10,800 homes.
The U.K. net private reservation rate--a key industry metric--was 0.75 homes per outlet per week, flat on 2024.
The company is due to report 2025 earnings in March alongside full guidance for this year.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
January 15, 2026 09:42 ET (14:42 GMT)
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