Trading Statement
Summary by AI BETAClose X
Home Group Limited
Trading update for six months to 30 September 2025
Home Group Limited (Home Group) issues its unaudited Group trading update for the six months ended 30 September 2025.
Commenting on the results, Helen Meehan, Chief Financial Officer said:
"We're pleased to report a strong performance for the first half of 2025/26, delivering a surplus before tax of £32.3 million - a 33.8% increase compared to the same period last year. While some of this performance is expected to unwind in the second half due to the phasing of costs, we expect to deliver a full year outturn which is ahead of target and an improvement on the outturn in 2024/25.
We remain dedicated to delivering for our customers and communities, and we're pleased to see continued improvements in overall customer satisfaction. In 2024/25, satisfaction rose from 66.9% to 68.2%, with a further increase to 72.2% in the first half of 2025/26. We continue to collaborate closely with our customers, actively listening to their feedback and striving for continuous improvement in everything we do. Customers are at the heart of our business, and we are committed to being transparent and accountable in how we serve them.
A key area of focus within our customer promise is the provision of a reliable repairs service. Satisfaction with our repair service is increasing and our repair KPIs are improving. We expect to see a continuing improving trend as we focus on key drivers of customer satisfaction, such as completing repairs within committed timescale, achieving right first time (fixing on the first visit), and keeping repair appointment times.
In August 2025 we were really pleased to have maintained our Standard & Poor's rating at A- with a stable outlook. S&P's assessment reflects our strategic focus on maintaining a de-risked development programme, expanding our rental asset base, and preserving flexibility to manage costs and external pressures. They also acknowledged the continued strength of our stock quality, our ongoing investment in existing homes and the sustained demand for our properties.
Although our development completions have reduced from 684 to 470 for the six months to September, we still expect to deliver on our target of over 1,000 homes this year. The announcement of the 10-year Social and Affordable Homes Programme is a welcome development and we are actively considering how we will respond to the recently published prospectus."
The full trading update is available at:
https://media.umbraco.io/home-group-heartcore/efypgaex/trading-update-to-30-september-2025.pdf
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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