Operating profit at commercial property developer Harworth has tumbled though its boss has hailed its "superpower" land bank.

First half results for the Yorkshire-based regeneration specialist saw operating profit of £7.1m in the first half of 2025, compared with £21.1m in the same period last year. Value gains were also down in the six months to the end of June at £15.5m, from £47m in the first half of 2024.

Bosses said the focus was on industrial and logistics developments which make up two-thirds of the Harworth portfolio with the ambition to get this to 85% by 2029. Residential - the firm's other key market - saw 649 plot sales in the period and 149 freehold plot sales, generating £10m of sales.

In its reporting on the London Stock Exchange, Harworth said that despite subdued invest

See Full Page