Annual Financial Report

Yorkshire Housing Finance plc

30 September 2025

 

Yorkshire Housing annual report and financial statements and investor update

Yorkshire Housing Finance Plc would like to inform investors that the Yorkshire Housing Group financial statements for the year ended 31^st March 2025 can be accessed on our investor page of our website through the following link:

Yorkshire Housing Investor Page

Or through the national storage mechanism:

Yorkshire Housing Group Annual Report 2025 NSM

Some key points from the Group Financial Statements include:

·    Operating surplus and surplus before tax have increased year-on-year by £4.4m to £33.8m and by £3.6m to £10.9m respectively.

·    Rent and service charge income grew by £12.8m to £121m. This increase was driven by the inflationary increase on rents of 7.7%, increases at re-let for some homes and growth in the number of homes.

·    Shared ownership first tranche sales surpluses delivered £4m of surpluses at a margin of 18%. Whilst this was lower than the prior year £6.8m at 30%, we were pleased with the better-than-budgeted performance and the continuing strong demand for these homes.

·    Open market sales (OMS) made up for some of the drop in Shared Ownership Surplus by delivering £1m of surplus this year (up from a £0.2m loss in the prior financial year). The number of homes sold increased to 31 from 3 last year reflecting a more buoyant market and successful navigation of some challenges last year at certain development schemes.

·    Operating costs increased by £7.4m to £106.1m. Increasing demand for repairs and maintenance services was a key driver, although we managed to restrict cost increases to below the headline volume growth by being more efficient.  We've also continued to invest in our customer facing teams during the year.

·    Other notable movements were from increased surplus from fixed asset sales and interest costs. Fixed asset sales were largely driven by shared ownership staircasing (customers increasing their share of the property after the first purchase). Increased interest costs reflect the higher borrowing levels as we continue to invest in existing homes and building new ones.

Rob Parkes - Executive Director of Finance and Governance said "This has been a year of strong  financial performance despite a challenging environment. Surplus growth, rising rental income, and improved sales have strengthened our capacity to invest in both new and existing homes. At the same time, we've managed cost pressures by improving efficiency, while continuing to support our colleagues who work directly with customers. This balanced approach ensures we can keep delivering affordable, sustainable homes across the region."

 

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