Trading Statement

Summary by AI ^BETAClose X

Wheatley Group Capital PLC reported strong mid-year results for the six months ending 30 September 2025, with turnover increasing to £256.6m and an operating surplus of £65.5m, achieving a 25.5% operating margin. The surplus before tax was £28.5m, exceeding budget by £10.8m, while EBITDA reached £89.6m, resulting in a robust interest cover of 242% (242% EBITDA and 130% EBITDA-MRI). The company invested £95.5m in asset management, repairs, and maintenance, maintaining high customer satisfaction above 90%. Notably, Wheatley Group surpassed its five-year target for housing homeless households, making 11,115 new lets six months ahead of schedule. Liquidity remains strong, further bolstered by a £100m bond tap.

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Wheatley Group Capital PLC

09 March 2026

Wheatley Group Capital PLC

213800H5Z7A5G7ZS2U33

Wheatley Housing Group announces strong mid-year results

Wheatley Housing Group today announced its trading results for the six months to 30 September 2025.

Turnover was £256.6m, up from £234.5m for the same period in the prior year. Operating surplus of £65.5m represented an operating margin of 25.5% and a surplus before tax of £28.5m, £10.8m higher than budget. EBITDA of £89.6m for the period produced interest cover at 242%, with EBITDA-MRI interest cover at 130%. Our liquidity remains strong, enhanced by the creation of a £100m bond tap (fully retained).

£95.5m was invested in homes on planned asset management, repairs and maintenance in the six months to 30 September 2025 to ensure continued delivery of the strategic asset management objectives, while achieving strong customer feedback, including customer satisfaction scores of above 90% across our four Registered Social Landlords.

Our contribution to reduce homelessness hit a significant milestone at the half-year, with 11,115 new lets being made to homeless households, surpassing our five-year target of 11,000 six months ahead of schedule.

The Group's Mid-Year Trading Update can be accessed here: Trading Update to 30 September 2025

For further information, please contact:

Wheatley Group Capital plc

Pauline Turnock

Group Director of Finance

Wheatley House

25 Cochrane Street

Glasgow G1 1HL

Telephone: 0141 274 6287

Email: pauline.turnock@wheatley-group.com

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