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Crest Nicholson Holdings ( (GB:CRST) ) just unveiled an announcement.
Crest Nicholson reported full-year 2025 results broadly in line with expectations, delivering modest profit growth despite a subdued housing market as it continues its strategic shift towards the mid-premium segment. Adjusted revenue was broadly flat at £610.8m, but adjusted operating profit rose 18.8% and adjusted profit before tax increased 30.5%, helped by tighter cost control, land sales and operational improvements, even as home completions fell nearly 10%. The Group sharpened its balance sheet focus by reducing inventory by £73m, cutting land creditors to £73.2m, and ending the year with net debt of £38.2m, better than guidance, while renewing its £250m revolving credit facility to 2029, reinforcing financial flexibility. Operationally, Crest Nicholson advanced its “Project Elevate” transformation, reconfiguring the land bank for higher-margin mid-premium schemes, closing a divisional office and making around 50 redundancies, enhancing build quality and customer service, and finalising a new house type portfolio to be used in planning from 2026 with production from 2027. The Group also made substantial progress on fire remediation under the Developer Remediation Programme, with surveys completed and remediation works underway on affected buildings, and confirmed a legal claim settlement related to a 2021 fire-damaged apartment block in line with provisions. While early 2026 trading remains muted, management reports improving lead indicators and expects new, margin-accretive site launches in the second half of 2026 to support gross margin gains, guiding to higher adjusted profit before tax of £32m–£40m and signalling confidence that easing interest rates and better affordability will underpin a return to profitable growth.
The most recent analyst rating on (GB:CRST) stock is a Buy with a £230.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.
Spark’s Take on GB:CRST Stock
According to Spark, TipRanks’ AI Analyst, GB:CRST is a Neutral.
Crest Nicholson Holdings is facing significant financial and market challenges. The most impactful factors are the company’s declining financial performance and bearish technical indicators. The stock’s valuation is also unattractive due to negative earnings and low dividend yield. These factors collectively result in a low overall stock score.
To see Spark’s full report on GB:CRST stock, click here.
More about Crest Nicholson Holdings
Crest Nicholson Holdings is a UK-based residential housebuilder focused on the mid-premium segment of the housing market. The Group develops open market, affordable and bulk/PRS homes on high-quality sites in affluent areas, supported by a substantial strategic land bank and a network of sales outlets across its operating regions.
Average Trading Volume: 726,893
Technical Sentiment Signal: Sell
Current Market Cap: £349.4M
Find detailed analytics on CRST stock on TipRanks’ Stock Analysis page.