Harworth Group (LON:HWG) Posts Earnings Results

Harworth Group (LON:HWG) posted its quarterly earnings results on Tuesday. The company reported GBX 2.90 EPS for the quarter, Digital Look Earnings reports. Harworth Group had a net margin of 27.75% and a return on equity of 7.50%.

Here are the key takeaways from Harworth Group’s conference call:

• Strong 2025 performance: total property return of 8.4% (outperforming MSCI by 280bps), property-level ROCE of 23% in industrial & logistics/strategic land/major developments, and EPRA NDV per share up to 224.4p driven by ~£44.5m net value gains.
• Clear pivot to industrial & logistics and power-enabled land: portfolio is 70% weighted to I&L with 4m sq ft enabled (GDV ~£600m), a further 15.2m sq ft in planning, and 0.8GW of incremental power capacity supporting data center opportunities and an estimated £350–£450m of value gains over the next four years.
• Healthy balance sheet and funding flexibility: net LTV 15.6%, net debt £145.9m, revolving credit facility upsized to £275m (+£50m accordion), available liquidity ~£127m, and ongoing capital recycling with dividend growth of 10% (11th consecutive year).
• Residential headwinds: residential valuations and rising costs caused ~£26.8m of value losses in major developments, reflecting market pressures even as ~1,800 plots were sold and consented residential land has been reduced materially since 2020.
• Outlook and execution risks: management targets £1bn EPRA NDV and 15–25% annual returns on capital employed from the pipeline, but outcomes depend on planning/timing, successful monetization strategies (sales, hold, partnerships) and macro uncertainty (including geopolitical impacts on investor confidence).

Harworth Group Stock Performance

HWG stock opened at GBX 167.70 on Tuesday. The firm has a market cap of £543.74 million, a price-to-earnings ratio of 10.68 and a beta of 0.74. The firm has a 50-day simple moving average of GBX 166.31 and a two-hundred day simple moving average of GBX 165.92. Harworth Group has a one year low of GBX 158 and a one year high of GBX 190.50. The company has a debt-to-equity ratio of 27.28, a quick ratio of 1.13 and a current ratio of 2.92.

Wall Street Analysts Forecast Growth

HWG has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on shares of Harworth Group from GBX 201 to GBX 202 and gave the stock a “buy” rating in a research note on Monday, January 26th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 215 target price on shares of Harworth Group in a research report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 209.75.

Harworth Group Company Profile

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.