Henry Boot (LON:BOOT) Releases Earnings Results

Henry Boot (LON:BOOT) issued its quarterly earnings data on Tuesday. The company reported GBX 15.90 earnings per share for the quarter, Digital Look Earnings reports. Henry Boot had a net margin of 8.55% and a return on equity of 5.16%.

Here are the key takeaways from Henry Boot’s conference call:

• Hallam Land delivered a standout year with a record 3,957 plots sold, average gross profit ~£11k–£11.4k per plot, stronger planning outcomes (c.11,000 plots submitted and ~4,200 consents) and a large landbank of ~106k plots that management values as >£1bn gross profit potential over time.
• Stonebridge materially underperformed in 2025 (185 completions vs 240–250 budget), drove an operating loss due to planning delays, build cost overruns and slow outlets; management has replaced senior staff and implemented a reset aiming for a small profit and 200–220 completions in 2026.
• The Origin industrial JV and wider development pipeline are scaling well—>700k sq ft completed/committed with lettings ahead of plan, and near-term marquee projects (Golden Valley, Freeport 36, Duxford AvTech) supporting an expected rise in committed developments to ~£150m (group share).
• Balance sheet remains conservative with NAV ~312p per share and all land held at cost, but net debt rose to £108m with gearing ~20% (slightly above target); management expects H2-weighted disposals to reduce gearing and held the final dividend flat.
• Group efficiency measures (Future Ways of Working) reduced central headcount by 23% and cut central overheads by ~20% in 2025, and management will refresh medium?term capital?employed and return targets in 2026 following a borrowing reclassification.

Henry Boot Price Performance

Shares of LON BOOT opened at GBX 172.72 on Thursday. Henry Boot has a twelve month low of GBX 170 and a twelve month high of GBX 249.50. The company has a current ratio of 4.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of GBX 193.90 and a two-hundred day moving average of GBX 211.61. The company has a market capitalization of £231.75 million, a price-to-earnings ratio of 9.14, a PEG ratio of -11.97 and a beta of 0.32.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 326 price objective on shares of Henry Boot in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 295.

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development, home building and construction businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.