Mountview Estates (MTVW) H1 2025 earnings summary

Executive summary

• Turnover for the half year ended 30 September 2024 was £37.4m, down 4.6% year-over-year.

• Gross profit decreased by 4.5% to £23.1m, and profit before tax fell 9.0% to £18.1m compared to the same period last year.

• Earnings per share were 347.9p, a 9.1% decrease year-over-year.

• Net assets per share rose 1.7% to £103.2.

• An interim dividend of 250p per share is declared, payable 31 March 2025.

Financial highlights

• Revenue: £37.4m (down from £39.2m year-over-year).

• Gross profit: £23.1m (down from £24.2m year-over-year).

• Profit before tax: £18.1m (down from £19.9m year-over-year).

• Net income: £13.6m (down from £14.9m year-over-year).

• Cash and cash equivalents at period end: £929k (down from £1.9m year-over-year).

Outlook and guidance

• Management expects continued prosperity despite economic challenges and will maintain financial prudence.

• Purchasing activity remains strong, with the company positioned to capitalize on future opportunities.