Harworth (LSE:HWG) reported a negative total accounting return of 3.7% for the six months ended 30 June 2026, with residential market conditions weighing on property valuations while industrial and logistics values were broadly stable.
The regeneration and development group reported a decline in EPRA net disposal value (NDV), while statutory net assets fell to £670.8 million. Net debt increased during the period, although the company said leverage remained low.
Harworth increased its interim dividend by 10%.
The company is also progressing a strategy focused on powered land and industrial and logistics assets. As part of the changes, Harworth plans to exit residential activities and resize its investment portfolio, with the company targeting a simplified operating structure and lower costs.
In powered land, Harworth is progressing a pipeline targeting hyperscale data centre developments. The company cited transactions involving Microsoft and another data centre operator as part of this activity.
Harworth also reported occupier demand across its industrial and logistics operations and said its construction-ready land bank is at its largest level to date.
More about Harworth
Harworth Group plc is a U.K.-listed regeneration, strategic land and development company focused primarily on the industrial and logistics sector.
The company owns, develops and manages more than 15,000 acres across approximately 100 sites. Its portfolio also includes powered land intended for uses including data centres and logistics facilities.
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