M/I Homes posts FY2025 income before income taxes of USD 526.59 million, down 28.2%

Reuters
Feb 14
M/I Homes posts FY2025 income before income taxes of USD 526.59 million, down 28.2%

M/I Homes Inc. reported full year (FY) 2025 total revenue of USD 4.42 billion. Revenue from Northern homebuilding reached USD 1.89 billion, while Southern homebuilding contributed USD 2.40 billion. Financial services generated revenue of USD 125.46 million for the period. Cost of sales for Northern homebuilding was USD 1.48 billion, and Southern homebuilding cost of sales totaled USD 1.93 billion. During FY 2025, M/I Financial provided financing services in all company markets, with approximately 93 percent of homes delivered during the year financed through M/I Financial, up from 89 percent in the previous year. The company noted that the capture rate for financing is influenced by financing availability and can fluctuate from quarter to quarter. Corporate selling, general and administrative expenses increased to USD 89.6 million, primarily attributed to higher information systems costs and compensation-related expenses.

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