Record Revenue Growth
Group revenue reached EUR 342 million, a 124% increase from the previous year, showcasing strong growth in both Homebuilding and Partnerships segments.
Significant Margin Improvement
Gross margin expanded to 19.5%, up 130 basis points, driven by standardization, scale, and vertical integration investments.
Partnerships Segment Profit Contribution
For the first time, the Partnerships segment made a material profit contribution, reflecting the scale and momentum in this part of the business.
Strong Landbank Strategy
With a landbank supporting delivery of 2,600 to 3,600 units per year through to 2030, Glenveagh maintains a robust position for sustained growth.
Innovation and Manufacturing Expansion
Phase 2 of the innovation program includes a EUR 25 million investment in expanding off-site manufacturing facilities, enhancing cost control and build efficiency.
Expanded Share Buyback Program
The buyback program was expanded from EUR 85 million to EUR 105 million, reflecting strong operational performance and cash generation.