Hill Group £1.1bn results: pipeline and groundworks outlook for project teams
Reviewed by Joe Ashwell
First reported on The Construction Index
30 Second Briefing
Hill Group has reported 2025/26 revenue of £1.164bn and profit before tax of £92.5m, delivering 3,329 new homes and increasing net assets to £493.1m with net cash of £129.1m and no drawings on its revolving credit facility. Land and work-in-progress rose to £733.9m as the company reinvested most profits, including £54.6m in new land and commitments for a further £44.1m. The controlled development pipeline now totals 42,600 homes with potential revenue above £14.5bn, alongside a £5.6bn contracting pipeline, signalling sustained demand for groundworks, infrastructure and materials supply.
Technical Brief
- Reporting period covers the financial year to 31 March 2026, aligning with typical UK housebuilder cycles.
- Hill attributes performance to a “diversified operating model”, implying mixed tenure, JV and contracting exposure.
- First year of a new five-year growth strategy already delivered, signalling committed forward build-out capacity.
- Land and work-in-progress balance of £733.9m indicates substantial committed groundworks and infrastructure in delivery.
- Strategic land spend of £54.6m plus £44.1m committed secures future serviced-plot and enabling-works demand.
- Development pipeline includes 10,800 homes with planning consent, providing near-term certainty for civils and utilities phasing.
- A further 1,900 homes are controlled subject to planning, implying upcoming technical support for applications and conditions.
- Long-term strategic pipeline of 29,900 homes under option/promotion agreements locks in future infrastructure corridors and off-site upgrades.
- Contracting pipeline growth from £4.8bn to over £5.6bn suggests rising third-party civils and build contracts.
- For ground engineering and materials suppliers, Hill’s £14.5bn+ controlled pipeline equates to multi-year, regionally distributed workload.
Our Take
The Cambridge East acquisition with Homes England and Marshall Group, covering over 10,000 homes, underpins the five‑year growth strategy by locking in a single strategic site that can absorb significant capital and help smooth revenue beyond the current reporting period.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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