Taylor Wimpey has recorded a 9% increase in its revenue in the six months to 29 June, totalling £1.65bn.

However, year-on-year, the housebuilder went from a profit of £99.7m in the first half of 2024 to a loss of £92.1m in the same period in 2025. The firm said this reflected exceptional charges in its first half from the cladding fire safety provision increase and the £18m CMA related provision.

Furthermore, its operating profit dropped by 11.7% to £161m, which included a £20m unexpected charge relating to remediation works on a historic site.

Despite these results, Taylor Wimpey recorded an 11% increase in its group completions, totalling 5,264 homes in this period, including joint ventures, while its total order book as of 29 June represented 7,269 homes, with a value of £2.11bn.

Chief executive at Taylor Wimpey, Jennie Daly, said: "We delivered a good underlying performance in the first half of 2025 in line with our expectations, notwithstanding softer market conditions in the second quarter. Our sales teams have continued to work hard to support customers through their buying journeys, supported by the high quality of our sites and locations, and it was pleasing to see significant improvements in our longer term customer satisfaction scores.

“While affordability remains constrained, particularly amongst first-time buyers, lenders remain committed to the UK mortgage market and long term fundamentals are positive, with significant unmet need for UK housing. The safety of our customers remains our highest priority – this principle has consistently guided our approach, and we have increased our cladding fire safety provision to reflect findings from updated fire risk assessments and investigations in the first half."

In its outlook, Taylor Wimpey has reiterated its guidance of reaching between 10,400 and 10,800 home completions in the full financial year.

However, it has increased its operating profit guidance to around £424m, which reflects the impact of a one-off charge.

Head of property research at Quilter Cheviot, Oli Creasey, stated that the firm’s results make for "tough reading for investors" as its share price fell by over 6%.

He concluded: "On the operational front, revenue performance has been fairly good. Completions were at the top end of guidance, and the sales rate per outlet rose incrementally year-on-year. However, the average sale price fell by 1.3% versus H1 2024, missing guidance. Management blamed this on a shift in the mix of homes sold and expects a reversal in H2. This decline comes despite soft trading conditions in Q2, and July’s sales rates remaining flat compared to the prior year.

"Additional hits included a £222m increase in fire cladding provisions and an £18m settlement tied to the CMA probe. These were recognised as exceptional items. While the CMA settlement is expected to affect all major housebuilders, the cladding figure – almost double Taylor Wimpey’s previous provision – stands out as a key factor in the swing to net loss. It remains unclear whether peer firms will also need to raise provisions or if this issue is stock-specific.

"Looking ahead, management expects margin recovery in H2, supported by a rebound in average sale price. This hinges on a further shift in product mix, though H1’s results have left a fragile base to build from."

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