Core Insights - The Berkeley Group reported a credible performance in a challenging trading environment for the first half of the year ending October 31, 2025 [2] - The company is positioned uniquely in the London development market, leveraging its scale, experience, and expertise to support government housing targets [3] - The Berkeley 2035 strategy is designed to create long-term shareholder value through agile capital allocation [2] Company Performance - The company aims to increase housing starts tenfold to over 80,000 per annum in London and GBP 1.5 million across the country during the current parliamentary term [4] - Government policies since 2015 have viewed property ownership as a revenue source, leading to higher corporate and development taxes, which constrain investment viability [4] Government Relations - The company expresses support for recent government policy initiatives aimed at reducing regulation, including the Homes for London initiative [5]