For the six months to 30 June 2025, the housebuilder recorded a 28% rise in revenue to £585.6 million, up from £457.1m a year earlier. Pre-tax profit jumped 37% to £31.1m, compared with £22.6m in the first half of 2024. Operating profit also climbed 31%, increasing from £65m to £85m.

Completions were up 22% to 2,033 homes, from 1,669 in the same period last year. The average selling price rose 3% to £289,000. The company’s order book stood at £1.29bn, representing a 33% increase year-on-year.

Miller Homes also expanded its consented landbank by 23% to 16,785 plots, compared with 13,695 at the end of December 2024. Net private reservations rose 31%, supported by a greater number of sales outlets.

The acquisition of St. Modwen Homes, completed in January for £215m, has given Miller Homes a second brand and boosted productivity across its developments. The company said the deal had helped increase output per site, rising from an average of 40 homes three years ago to around 60 today.

Looking ahead, Miller Homes said it remains on track for “significant profitable growth” for the full year, with home sales forecast to be around a quarter higher than in 2024.

Chief executive, Stewart Lynes, said: “I am delighted to report strong results which demonstrate the success of our growth strategy and our operational execution. These are the first results to include St. Modwen Homes, which we acquired in January of this year. I am very pleased with how that business has performed and its integration into the wider Miller family.

“Over the past three years, our regional markets have continued to perform well despite various challenging macro-economic headwinds. This gave us the confidence to invest around £1 billion in new land, including the landbank we acquired through the St. Modwen Homes business. The growth in our strategic landbank has enabled us to increase our sales outlets, and we are on track to end the year with around 100 outlets, having opened the year with 70.  

“Our three-tenure model comprises of private, affordable and partnership homes, which are built for the institutional rental market. This ensures that we deliver a broad spectrum of the housing market to satisfy demand and diverse housing needs. Through the St. Modwen Homes acquisition, we have added a second brand to the business, enabling us to increase output per site from an average of 40 homes three years ago to around 60 today.

“Looking forward, we have a significant strategic landbank of around 50,000 plots which will support us to capitalise on the capacity we have across all our regions of delivering 7,000 homes a year. We are well positioned to deliver on the UK government’s homebuilding targets, enabled by positive reforms to the planning system.”