bpha Annual Financial Report 2025

BPHA Finance PLC

28 July 2025

 

bpha Group Annual Report and Financial Statements 2024-2025

bpha today (28 July 2025) released its Annual Report and Financial Statements showing another strong performance and remains in a strong financial position.

bpha's approach and long-term plans, in what has been a very challenging external environment, have allowed it to maintain its financial strength while working on the new Customer Strategy that encapsulates the ambition to further improve services to the customer. bpha retained the maximum Governance (G1) and Financial Viability (V1) compliant Regulatory ratings and an S&P credit rating of A+ (Stable).

Our core operating business continued to perform strongly as turnover increased to £136.7m from £127.7m and our ongoing development program resulted in 239 properties built or acquired during the year. The development and sales business turnover was impacted by an impairment, which reduced the surplus by £2.5m.  Combined, our underlying operating surplus remained stable at £55.0m overall (2024: £55.9m). During the year we restructured our syndicated bank facility with four bilateral facilities, which strengthened our liquidity headroom to £214m, enough to meet our future committed developments without the need to raise further debt.   

Highlights included:

·    Core Operating Margin of 39% (2024: 40%)

·    239 homes completed, 20,156 homes owned or managed (2024: 19,987)

·    £49m invested in maintaining and improving existing homes (2024: £39m)

·    91% of homes achieved an energy rating of EPC band C and above

·    S&P credit rating of A+ (Stable)

·    G1 and V1 - the highest governance and financial viability Regulatory ratings

bpha will be releasing an all-investor update on 12 August. Please email [e-mail] for the link to the update.

The full financial report is available at:  https://investors.bpha.org.uk

For further information please email: [e-mail].

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