MJ Gleeson has said it is on track to meet its financial forecast for the 2024/25 financial year, with a projected pre-tax profit of £28.1m, up from £24.8m in 2023/24.

Gleeson’s pre-tax profit slipped by 21% last year, dropping from £31.5m in 2022/23 to £24.8m in 2023/24.

In a trading update ahead of its Annual General Meeting today, the housebuilder and land trader noted that due to a ‘lack of conviction’ in the market over the autumn, it expects its financial results to be more heavily skewed towards the second half of the financial year than usual.