Annington Funding plc - Annington Limited Accounts

Annington Funding PLC

04 August 2025

 

4 August 2025

ANNINGTON FUNDING PLC

(incorporated with limited liability in England and Wales)

Publication of Annington Limited Financial Statements

Annington Funding plc (the "Company") announces that the Financial Statements of Annington Limited for the year ended 31 March 2025 have been added to the Group's website and are available for viewing.

To view the full document, please paste the following URL into the address bar of your browser: https://www.annington.co.uk/investors/results-and-reports

Following the disposal of the MQE and the reshaping of its balance sheet, Annington is actively targeting investments in UK Private Rented Sector ("PRS") assets, both by investing in existing assets and, where appropriate, acquiring new assets by drawing on its significant cash reserves of £1.4bn.

Annington continues to review new investment opportunities that align with its long-term strategy and provide a stable quality asset with an attractive yield. Since January, Annington has conducted due diligence on a range of significant portfolios and, on 1 August 2025, Annington entered into an exclusivity agreement in respect of the acquisition of circa 300 single family homes and is targeting completion of that acquisition in September. Annington is also actively involved in a number of other processes, and expects to make announcements on new acquisitions that strengthen our portfolio in due course.

In relation to its existing portfolio, since year end Annington has continued to make significant investments into improving the quality of the UK affordable housing stock. It has invested, or committed to invest, £87m into over 500 properties received from the Ministry of Defence and not previously let by the Group to PRS tenants, which are expected to be added to its rental portfolio. Planning permission has been secured for 111 properties, which will also be incorporated into the expanding rental portfolio.

Ian Rylatt, CEO of Annington, said: "Annington has a near 30-year legacy and track record as a major investor and active manager of UK real estate, generating long-term, attractive yields above the market average for shareholders. We also play a critical role in addressing the UK's housing crisis by investing in and refurbishing affordable properties across the UK.

"With £400m of existing assets, we have a strong foundation to expand Annington's real estate portfolio. We have over £1.4bn cash reserves available for investment in stable, high quality residential assets with a focus on single family homes. We have actively reviewed suitable acquisitions and are well positioned to move fast to take advantage of the opportunities we see. Our expertise in actively managing a complex rental portfolio, combined with our operating efficiencies, means we will deliver increasing economies of scale as we expand our portfolio."

Any questions regarding this notice should be forwarded by email to [e-mail].

For further information, please contact:

Stephen Leung

Chief Financial Officer

Annington Funding plc

Hays Lane house

1 Hays Lane
London
SE1 2HB

Media Enquiries: - Annington Limited

[e-mail]

NOTES

£600,000,000 3.184% Sterling Fixed Rate Bonds due 12 July 2029 (ISIN: XS1645518652)

£400,000,000 2.308% Sterling Fixed Rate Bonds due 6 October 2032 (ISIN: XS2393618389)

£625,000,000 3.685% Sterling Fixed Rate Bonds due 12 July 2034 (ISIN: XS1645518736)

£760,000,000 3.935% Sterling Fixed Rate Bonds due 12 July 2047 (ISIN: XS1645518819)

£400,000,000 2.924% Sterling Fixed Rate Bonds due 6 October 2051 (ISIN: XS2393618462)

This notice is released by Annington Funding plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("EUWA")("UK MAR"). For the purposes of UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of domestic law by virtue of the EUWA, this announcement is made by Stephen Leung, Chief Financial Officer of Annington Limited.

LEI: 549300KK63W8VZIONZ83

 

END