Harworth Group (HWG) Trading Update summary

Operational performance and land sales

• Achieved record operational year with strong land sales, supporting EPRA NDV growth toward £1 billion by 2027.

• Completed first phase of £106.6m land sale to Microsoft at Skelton Grange and £53.5m sale at Ansty.

• Sold a record 2,385 residential plots and 4.4 million sq. ft. of industrial & logistics land, totaling £230.1m in sales.

• Expanded land pipeline with acquisitions for 1 million sq. ft. of industrial space and over 4,000 residential plots.

Planning, development, and investment portfolio

• Industrial & logistics pipeline can deliver 33.6 million sq. ft.; residential pipeline totals 31,264 plots, with 15% consented.

• Secured allocations for 4.1 million sq. ft. and 2,875 plots in local plans.

• Completed over 100,000 sq. ft. of direct development; 270,000 sq. ft. under construction, all to be retained.

• Investment portfolio now 2.8 million sq. ft., 45% Grade A, with EPRA vacancy rate at 5.6%.

Community, sustainability, and infrastructure

• Opened a 350-acre country park and completed a 420-place primary school, enhancing community infrastructure.

• Infrastructure works underway at key sites, including road realignment and green space creation.

• Net Zero Carbon Progress Report to be published with 2024 Annual Report.