Annual Financial Report

Summary by AI BETAClose X

Onward Homes Limited (OHL) reported a net surplus before tax of £14.2m for the year ended March 31, 2025, a decrease of £0.9m from £15.1m in 2024 due to increased net interest costs, with an operating surplus of £25.8m, down £0.2m from £26.0m. OHL's cash and cash equivalents increased to £15.8m from £14.4m due to funding ahead of development program spending. The consolidated Onward Group Limited (OGL) reported a net surplus before tax of £13.3m, up from £11.6m, and an operating surplus of £26.5m, an increase of £1.5m from £25.0m in the prior year.

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