Trading Statement
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Home Group Limited
Trading update including final results for year ended 31 March 2025
Home Group Limited (Home Group) issues its trading update for the twelve months ended 31 March 2025 including final results.
Commenting on the results, Helen Meehan, Chief Financial Officer said:
"After a number of challenging years for the sector and society, we are pleased to report strong and improving performance across many areas of our business for the year ended 31 March 2025. We have responded positively and proactively to the challenges facing us - increasing demand on our maintenance service, the need to balance investment in new and existing homes, increased regulatory scrutiny and the pressured environment for commissioning care and supported services - and have maintained an absolute focus on delivering to our mission: Building homes, independence and aspirations.
We end the year with a surplus before tax of £34.7 million - an £11.5 million improvement on the previous year and ahead of target. We saw improvements in many of our key financial metrics and continue to have strong levels of headroom against all our financial covenants.
We recognise our duty to invest in our existing customers' homes, and we invested nearly £175 million in improving and maintaining those homes this year. We look forward to building on our experiences of retrofitting over 1,000 homes through the Social Housing Decarbonisation Fund with our recently secured £28 million allocation of funding from the Warm Homes Fund. We also delivered more than 1,400 new homes in the year, including 766 affordable homes. We have built on our strong relationships with trusted development partners enabling access to high quality housing which meets our customers' needs.
Finally, we have made great strides in implementing our regional model to service delivery with our Regional Directors out talking to customers and building regional plans to address the needs of their communities."
The full trading update, the group financial statements for the year ended 31 March 2025 and the latest rating report from S&P are available on the Investor Relations page of our website:
https://www.homegroup.org.uk/about-us/corporate/investor-relations-centre
For further information, please contact:
Steve Hallowell
Director of Treasury and Investor Relations
M: 07736 097160
Email: steve.hallowell@homegroup.org.uk
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