Mountview Estates (MTVW) H1 2026 earnings summary

Executive summary

• Turnover increased by 1.3% to £37.9 million for the half year ended 30 September 2025 compared to the same period last year.

• Gross profit declined by 10.8% to £20.6 million, and profit before tax fell by 14.4% to £15.5 million year-over-year.

• Earnings per share dropped by 14.1% to 298.8p, while net assets per share rose slightly by 0.3% to £103.5.

• Interim dividend maintained at 250p per share, payable on 30 March 2026.

• Board composition was confirmed after shareholder votes, with the re-election of Mr. Anthony Powell and election of Ms. Tracey Hartley.

Financial highlights

• Revenue for the half year was £37.9 million, up from £37.4 million in the prior year period.

• Gross profit was £20.6 million, down from £23.1 million year-over-year.

• Profit before tax was £15.5 million, compared to £18.1 million in the previous year.

• Net profit attributable to equity holders was £11.7 million, down from £13.6 million.

• Cash inflow from operating activities was £24.4 million, a significant improvement from an outflow of £1.3 million in the prior year.

Outlook and guidance

• Management remains confident in the company’s ability to protect staff and shareholders from adverse government policy impacts.

• The company is positioned to take advantage of future purchasing opportunities due to reduced borrowings and financial prudence.