Mountview Estates (MTVW) H2 2026 earnings summary

Executive summary

• Revenue decreased marginally by 0.4% year-over-year to £71.8 million, while cost of sales rose by over 11%, leading to an 8.5% drop in gross profit.

• Profit before tax declined by 13.4% to £27.1 million, and earnings per share fell by 13.3% to 522.1p.

• The final dividend is maintained at 275p per share, with a total annual dividend of 525p per share, representing a 6% yield on the current share price.

Financial highlights

• Revenue: £71.8m (down 0.4% year-over-year).

• Gross profit: £38.6m (down 8.5% year-over-year).

• Profit before tax: £27.1m (down 13.4% year-over-year).

• Earnings per share: 522.1p (down 13.3% year-over-year).

• Net assets per share: £103.2 (down 0.1% year-over-year).

Outlook and guidance

• Management remains cautious on acquisitions, prioritizing value and return over volume.

• The company is positioned to capitalize on opportunities but will avoid overpaying for assets.