Mountview Estates (MTVW) H2 2026 earnings summary

Executive summary

• Delivered resilient sales performance despite subdued UK residential market and lower transactional activity; revenue stable at £71.8m (2025: £72.1m).

• Gross profit declined 8.5% to £38.6m due to higher cost of sales; profit before tax down 13.4% to £27.1m.

• Earnings per share fell 13.3% to 522.1p; final dividend maintained at 275p per share, total 525p for the year.

• Focused on regulated tenancy properties, with reduced purchasing activity and lower gearing.

Financial highlights

• Revenue: £71.8m (2025: £72.1m); Gross profit: £38.6m (2025: £42.2m).

• Profit before tax: £27.1m (2025: £31.3m); Net profit: £20.4m (2025: £23.5m).

• Net assets per share: £103.2 (2025: £103.3); Shareholders’ equity: £402.5m.

• Gearing ratio: 12.3% (2025: 16.5%).

• Dividend per share: 525p (unchanged); cover reduced to 0.99x.

Outlook and guidance

• UK market remains challenging with modest growth, cost pressures, and regulatory changes.

• Board confident in long-term resilience due to strong financial position, asset backing, and experienced management.

• Cautiously optimistic for long-term outlook; expects to sustain profitability and shareholder value.