)
Crest Nicholson (CRST) investor relations material
Crest Nicholson Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Good progress made on strategic priorities and transformation plan, Project Elevate, with early benefits already visible.
Enhanced focus on balance sheet, inventory, and cost control, with positive land sales supporting financial flexibility.
Adjusted Profit Before Tax (APBT) for FY25 expected at the low end or marginally below guidance due to subdued housing market and policy uncertainty.
Financial highlights
FY25 volume reached 1,691 units, at the lower end of the 1,700-1,900 guidance range, with 35% affordable and PRS units.
Open market sales units increased by 5% to 1,095; open market sales rate improved to 0.51 from 0.48 year-over-year.
Year-end net debt at the better end of the £40m-£90m guidance range, aided by £50m of land receipts secured for FY26.
APBT expected at the low end or marginally below the £28m-£38m guidance range.
Anticipated opening reserves adjustment to inventory of approximately £8m due to overstated profit in one development between FY22 and FY24; impact on APBT not material.
Outlook and guidance
Near-term market conditions expected to remain challenging due to subdued housing market and government tax policy uncertainty.
Enhanced operating discipline and improved balance sheet provide a robust platform for long-term, sustainable growth.
Next Crest Nicholson earnings date
Next Crest Nicholson earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage