Performance was driven by the successful integration of St Modwen Homes, continued investment in land and the expansion of the group’s multi‑tenure model.

The business achieved significant growth across all key metrics, demonstrating the effectiveness of its long‑term strategy and strengthening its platform for future expansion.

Highlights include a 29% increase in completions to 4,931 (FY 2024: 3,813), a 34% increase in turnover to £1,425m (FY 2024: £1,060m), and a 40% increase in adjusted operating profit to £219m (FY 2024: £157m).

Forward sales for the current financial year jumped by 40% to £635m (FY 2024: £455m), and the firm enjoyed a 7% increase in return on capital employed to 29.9% (FY 2024: 22.9%).

Miller Homes saw a 0.6% increase in adjusted operating margin to 15.4% (FY 2024: 14.8%), a 4% increase in average selling price to £295,500 (FY 2024: £282,900) and a 19% increase in its consented landbank to 16,329 plots (Dec 2024: 13,695).

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 HBF for the 14th time in 15 years further demonstrates our strong and consistent focus on delivering for our customers.

“Looking ahead, following this transformative year, we are well‑positioned to deliver further profitable growth as we progress towards our 7,000 homes target supported by our enlarged landbank and multi‑tenure approach. 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.”