Annual Financial Report

Moat Homes Limited

06 August 2026

 

Moat Homes Limited

6^th August 2026

Moat Homes Annual Report and Financial Statements 2025/26

Moat Homes Limited 

Moat Homes Finance Plc 

£300,000,000 5% Secured Bonds due 2041

Dated  6^th  August 2026

Moat (A3 stable, Moody's) today published its consolidated audited financial results for 2025/26. The results show significant year-on-year increases in both operating surplus and total surplus, reflecting the stabilisation and turnaround of responsive repairs services, continued strong growth and underlying strength of the core business.

Total turnover increased by £12m to £176m (2024/25: £164m). Within this, turnover from core social housing lettings grew by £9.7m, or 6.4%, driven by rental income from newly developed homes and the annual inflation-linked rent increase.  

Operating surplus increased to £58.9m (2024/25: £49m) by containing operating cost at £112m (2024/25: £111m). This reflected the stabilisation of responsive repairs services and the continued application of value for money principles.

Steady interest costs and a reduction in fair value movement on financial investments contributed to a near doubling of the total surplus for the year to £23.9m (2024/25: £12.2m).

The net book value of housing properties increased to £2bn (2024/25: £1.93bn), supported by growth in reserves and a limited rise in borrowings to £776m (2024/25: £738m). 

We invested £46m (£63m in 2024/25) in our existing homes, funding repairs, maintenance and planned investment programmes to keep homes safe and secure and improving outcomes for customers.

During the year, 383 new homes were completed (2024/25: 478), comprising 242 homes for rent (63%) and 141 for low-cost home ownership (37%). A further 1,057 (2024/25:1,192) new homes in the development pipeline.

Moat's Annual Report and Financial Statements 2025/26 are available at Investor hub | Moat

Notes

Moat is a leading housing association, managing over 23,300 affordable homes in communities throughout the South East of England.

Through the decades, we've been led by our social purpose - providing safe, affordable homes that make a real and lasting difference by supporting wellbeing, opening opportunities, and helping our customers and communities thrive.

For further information please contact:

Gloria Yang

Executive Director of Finance

[e-mail]

 

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