MJ Gleeson Sees Solid First Half and Builds Order Book Despite Subdued Housing Market

MJ Gleeson PLC ( (GB:GLE) ) has shared an announcement.

MJ Gleeson plc reported a solid first-half trading performance for the six months to 31 December 2025, with the Board expecting full-year results to be in line with market expectations despite a subdued housing market. Gleeson Homes increased home completions by around 6% to 848 units, boosted net reservation rates and entered the second half with a significantly larger forward order book, while management focuses on rebuilding margins through higher selling prices, volume growth and cost efficiencies under its Project Transform restructuring, whose costs will be treated as exceptional. The division continues to face constraints from under-resourced local planning authorities, reflected in fewer active selling sites, but expects an uplift in open market sales through the spring selling season following a December interest rate cut and easing Budget-related uncertainty. Gleeson Partnerships delivered its first homes and is seeing strong interest from private rental investors and housing associations, while Gleeson Land completed three site sales, has five more in active disposal processes, and has secured a strong pipeline of promoted sites with increased planning submissions and consents, although one major sale remains dependent on final highways approval; the Group ended the period with net debt of £22.5 million, and management asserts the business is well positioned to pursue its strategic growth objectives.

The most recent analyst rating on (GB:GLE) stock is a Hold with a £427.00 price target. To see the full list of analyst forecasts on MJ Gleeson PLC stock, see the GB:GLE Stock Forecast page.

Spark’s Take on GB:GLE Stock

According to Spark, TipRanks’ AI Analyst, GB:GLE is a Outperform.

MJ Gleeson PLC’s overall stock score is driven by strong technical indicators and positive corporate events, indicating confidence in future performance. However, financial performance challenges, particularly in profitability and cash flow, moderate the score.

To see Spark’s full report on GB:GLE stock, click here.

More about MJ Gleeson PLC

MJ Gleeson plc is a UK-based housebuilder and land specialist operating through its Gleeson Homes and Gleeson Land divisions. Gleeson Homes focuses on building affordable homes, primarily targeting value-conscious buyers, while Gleeson Land acquires, promotes and sells consented land to housebuilders and developers, positioning the Group within the volume residential and land promotion markets.

Average Trading Volume: 64,791

Technical Sentiment Signal: Hold

Current Market Cap: £238.8M

See more data about GLE stock on TipRanks’ Stock Analysis page.