Taylor Wimpey profits plummet over 50% as cladding costs mount. The UK housebuilder reported pre-tax profit of £146.5 million in 2025, down sharply from £320.3 million the previous year, despite revenue climbing 13% to £3.8 billion. Exceptional costs totaled £243.8 million, with £225.8 million allocated to cladding fire safety provisions stemming from the Grenfell Tower scandal. The company also paid £18 million to settle Competition and Markets Authority cartel investigations. The order book declined to £2.2 billion covering 7,678 homes as of March 2026, compared to 8,097 homes a year earlier, reflecting buyer uncertainty following the autumn budget. Management remains optimistic about spring market conditions and the company's strategic positioning despite ongoing market volatility and geopolitical headwinds.
