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Kaufman & Broad SA: 2025 Annual Results Overview

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Kaufman & Broad SA reported its financial results for 2025, showing performance aligned with projections. The company maintained a strong financial position with revenue at €1,136.0 million and a proposed dividend of €2.20 per share. Orders totaled €1,332.2 million, predominantly in housing with €1,163.2 million for 5,703 units.

Operating margins remained steady at 8%, while attributable net income reached €54.2 million. The group reported a net cash position of €319.1 million by year-end. Despite political uncertainties affecting reservation volume growth, sales to first-time buyers rose significantly. The housing segment saw moderate gains, with orders increasing by 2.9%.

In commercial property, notable projects included a sale agreement with EDF and ongoing construction in Marseille and Paris. The company's commitment to sustainability was recognized with a CDP "A" rating. Looking ahead, Kaufman & Broad anticipates stable activity for 2026, with revenue and operating margins expected to remain on par with 2025 outcomes.

R. E.

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