Revenue for the year ending 30 September 2025 is expected to come in at around £280 million, with adjusted operating profit tracking in line with expectations.
A series of transactions — including the Glasgow joint venture and three new development partnerships — supported a stronger performance in the second half.
Operationally, delivery remained steady, with three schemes comprising 600 student rooms completed during the period, and a further 1,900 rooms scheduled for delivery in the year ahead.
The group’s “Refresh” retrofit programme also maintained positive momentum, with three projects currently underway and a growing pipeline of opportunities across both the student and rental markets.
Cash management remained a key focus, with Watkin Jones ending the year on around £70 million net cash, compared with £83 million a year earlier. An additional £10 million from the Glasgow deal was received shortly after the year-end.
The developer also made progress on building safety works, completing remediation on six additional buildings, while continuing to review provisions as ongoing investigations advance.
Chief Executive Alex Pease said the group enters the new financial year with a robust pipeline and growing confidence, despite the continued lengthening of deal completion timelines.
English 