Harworth Group

Peel Pepper (UK) Limited will review the rejection of its cash offer of 172.5 pence per Harworth share and comment later. BidCo highlights metrics from Harworth's half-year results: EPRA NDV per share down 4.3% to 214.8 pence, statutory NAV per share down 4.2% to 206.5 pence, and an accounting total return of -1.4% over 18 months. Harworth plans to withdraw from the residential property sector and values that segment at £234m; BidCo also criticises aspects of the data-centre strategy and the lack of planning permissions for serviced plots. » Więcej na de.investing.com

Harworth reports a first half weighed down by valuation losses in the residential segment: EPRA NTA per share fell 4.3% to 214.8 pence and the accounting total return was -3.7%. Operationally the company made progress in industrial logistics and grid-connected land, secured 0.8 GW of grid connection commitments and announced a full withdrawal from the residential property business. Net debt rose to £190m and the portfolio is valued at £301.4m; the long-term target is an investment portfolio of £500–600m. The board approved an interim dividend of 0.592 pence per share, a 10% increase year on year. » Więcej na de.investing.com

Harworth made operational progress in industrial and logistics properties and in plots with grid connections, but was hit in H1 2026 by valuation losses in the residential segment. EPRA-NDV per share fell 4.3% to 214.8p and the statutory total return was -3.7%; valuation losses on residential projects amounted to £15.8m. Management announced a full exit from the residential segment, an acceleration of the strategy and expansion of the grid-connection pipeline from 0.8 GW to a potential 1.9 GW. Net debt rose to £190m with a loan-to-value ratio of 20.3%; an interim dividend was increased by 10% to 0.592p. » Więcej na de.investing.com