Taylor Wimpey’s profit fell by 54.3% year-on-year to £146.5m as its sales were affected by uncertainty surrounding the Autumn Budget.

In the year to 31 December, the housebuilder’s group completions, including joint ventures, jumped by 6.4% to 10,614, while its overall selling price increased by 5% to £335,000.

It also recorded a 13% increase in its revenue to just over £3.8bn, which was driven by higher volumes, average selling prices and land sales.

However, Taylor Wimpey described 2025 as another "challenging year", as the "strong" first quarter was affected amid uncertainty around the Autumn Budget which impacted sales through the second half of 2025 and its order book coming into 2026.

It added that while overall affordability is slowly improving, demand continues to be muted, particularly in the South and among the first-time buyer category.

Chief executive, Jennie Daly, said: "We delivered a robust performance in 2025, with completions up 6% and results in line with guidance - testament to the hard work and commitment of our teams in delivering the group's strategy against a challenging market backdrop.

"The spring selling season is progressing well, with encouraging levels of customer interest reflecting the quality of our sites and locations. We are also driving growth in outlets through improved planning outcomes and the consistent and proactive approach of our teams, which will support our growth ambitions."

In its outlook, the firm said that it entered 2026 with a slightly lower order book compared to certain years.

However, in its medium term targets, it continues to drive the pipeline of new planning applications, and is on track to open more outlets in 2026 than in 2025.

Furthermore, newer land is set to help drive margin progress from 2027 onwards and Taylor Wimpey said it will continue to unlock value through "operational excellence, protecting and maximising returns".

Following the publication of its full-year results, shares in Taylor Wimpey dropped by just over 1%.

Head of markets at AJ Bell, Dan Coatsworth, said that while the firm has been hit by last year’s Budget and the uncertainty surrounding interest rates, its latest figures felt "reassuring".

He concluded: "Profits for 2025 may have plunged on a statutory basis, but this reflected one-off items including cladding fire safety provisions. More important to the market was Taylor Wimpey’s ability to hit previous guidance on completions and earnings.

"The outlook wasn’t anything to cheer the heart, but investors will hope there is a measure of conservatism baked into it. Like others in the sector, Taylor Wimpey is at the mercy of soggy property prices at a time when build costs are creeping higher. Recent events in the Middle East have raised the prospect of stickier inflation and rates staying higher – potentially bad news for mortgage affordability and demand for new homes.

"Taylor Wimpey and its peers are unlikely to get any help from the market environment so they must roll their sleeves up and build some resilience into their business models to withstand what could be a testing period."

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