The housebuilder anticipates adjusted profit before tax and revenue will mirror market expectations, with £245m being the expected total revenue for 2026.

The drop in bank debt marks a significant drop from the housebuilder’s November 2023 reported net bank debt of £93.4m - its highest reported net bank debt. 

During the year, Springfield has executed a new strategy to eye opportunities in the North of Scotland, prompted by the need for housing to aid the production of renewable development and energy security infrastructure.

In the last six months of 2026, there was significant growth in private housing, compared to the first half of the year, due to “normal seasonality”. There was also an increase in average selling prices for private housing, leading to year-on-year growth in private revenue. 

Affordable housing was also reported to have year-on-year growth, amid a strong order book.

During the year, the housebuilder signed an initial deal with SSEN Transmission to kickstart the delivery of nearly 300 homes in the North of Scotland, forming part of SSEN Transmission’s investment plan to lead an upgrade of the national electricity transmission grid. 

Innes Smith, chief executive officer of Springfield Properties, said: “We are delighted to have achieved a key strategic priority in eliminating bank debt at year end – which is significantly ahead of market expectations and compares with our peak reported net bank debt over £93m in November 2023.”

“We have made excellent progress in delivering on our new strategy to focus on the North of Scotland, which is experiencing unprecedented demand for housing in response to major investment in energy security and renewable infrastructure. We also continue to hold significant landholdings in areas of high demand.”

The housebuilder maintains efforts to boost its land bank in the North of Scotland through the promotion of sites through upcoming Local Development Plans.

Key infrastructure providers who are seeking solutions for their worker accommodation needs continue to express interest in the housebuilder. 

All the while, the Highland Council’s Masterplan Consent Areas are ramping up the planning process for 800 plots within two sites.

In September 2026, the housebuilder is expected to announce its full-year results.