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PSN

Persimmon

Household goods & home construction

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Persimmon is one of the UK's largest housebuilders, constructing and selling new homes under the Persimmon, Charles Church and Westbury Partnerships brands. It owns a substantial land bank and operates its own brick, roof-tile and timber-frame manufacturing facilities.

02

Key activities

Land acquisition and planning, construction and sale of private homes, affordable housing and partnership homes, plus manufacture of selected building materials.

03

Key markets

The United Kingdom, with developments across England, Wales and Scotland and exposure to first-time buyers, movers and affordable-housing providers.

04

Key drivers

Mortgage affordability, UK house prices, reservation rates, outlet numbers, build costs, land availability, planning reform and the pace of housing completions.

05

Key risks

Weak housing demand, high mortgage rates, planning delays, build-cost inflation, building-safety liabilities, labour shortages and falling house prices.

06

Recent Developments

6 August 2026: first-half completions increased 13% to 5,189 homes, with Group revenue of £1.73bn and profit before tax of £168m. Management is expanding outlets and land investment while maintaining the minimum 60p annual return; the next trading update is scheduled for 12 November 2026.

07

Dividend notes

Persimmon's capital policy targets a minimum annual shareholder return of 60p per share, currently delivered through dividends. The 2026 interim dividend is 20p, ex-dividend 15 October and payable 6 November.

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