Miller Homes, founded in Edinburgh and now the UK’s sixth largest housebuilder and largest private housebuilder, has delivering a record year, driven by its integration of St Modwen Homes.
The business, which has published its results for year ending on 31 December 2025, achieved significant growth demonstrating the “effectiveness of its long-term strategy and strengthening its platform for future expansion.”
Among the highlights are a 29 per cent increase in completions to 4,931, from 3,813; a 34 per cent increase in turnover to £1,425m, up from £1,060m, plus a 40 per cent increase in adjusted operating profit to £219m, from £157m in 2024.
The company announced a 40 per cent increase in forward sales for the current financial year to £635m, up from £455m, and a seven per cent increase in return on capital employed to 29.9 per cent.
The selling price of an average Miller Homes new build has increased by four per cent increase to £295,500, up from £282,900.
Chief Executive, Stewart Lynes, said: “2025 was a milestone year for Miller Homes, and I am delighted to report strong results that reflect the effectiveness of our growth strategy and disciplined operational execution. We achieved significant, profitable volume growth despite the macro-economic backdrop, driven by the successful acquisition of St Modwen Homes in January and the benefit of sustained organic land investment.
“The St Modwen Homes acquisition introduced a second private brand to our portfolio, providing us with four routes to market, and expanded both our consented and strategic landbanks. Achieving a five-star rating from Home Builders Federation for the 14th time in 15 years further demonstrates our strong and consistent focus on delivering for our customers.
He said Miller Homes are well-positioned to deliver further profitable growth moving towards a target of 7,000 homes.
“Externally, we are monitoring the economic effects of the Middle East conflict. Our digital sales and marketing system provides granular lead indicators, which to date show no adverse impact, and we stand ready to respond swiftly should conditions change.”