{
  "id": 14166138,
  "title": "Bellway FY26 slides: cash flow surges 36% as margins compress",
  "url": "https://urgent.news/2026/10/13/bellway-fy26-slides-cash-flow-surges-36-as-margins-compress",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:30:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/bellway-fy26-slides-cash-flow-surges-36-as-margins-compress-93CH-4945908"
  },
  "original_language": "en",
  "account": "Bellway, the U.K. housebuilder, reported its fiscal 2026 results on October 13, 2026, highlighting strong sales volume growth while grappling with persistent margin challenges. The company completed 9,695 homes, a 10.8% year-over-year increase, while adjusted operating cash flow rose 36% to £868.6 million. Despite margin pressures, Bellway delivered robust revenue and profit growth across various metrics. Revenue climbed 13.6% to £3,145.1 million, while operating profit increased 5.6% to £320.6 million. However, operating margins narrowed by 80 basis points to 10.1% as cost pressures overwhelmed revenue gains. The company's land bank composition suggests a gradual margin recovery over time, with higher-margin land flows expected to begin materializing in fiscal 2028. Cash generation surged, with adjusted operating cash flow increasing 36% to £868.6 million, driven by working capital improvements and efficient land utilization. This cash was deployed in land investment, legacy safety expenditures, and shareholder returns, including a dividend increase and buyback program. Looking ahead, Bellway anticipates completing between 9,000 and 9,400 homes in fiscal 2027, with modest price stability and a higher social housing share. The company plans to return around £225 million to shareholders through dividends and buybacks over the next year.",
  "summary": null,
  "key_points": [
    "Bellway completed 9,695 homes, a 10.8% YoY increase",
    "Adjusted operating cash flow rose 36% to £868.6 million",
    "Operating margins narrowed by 80 basis points to 10.1%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}