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Wheatley Housing Group announced its trading results for the six months to 30 September 2025, reporting a turnover of £256.6m, an operating surplus of £65.5m, and a surplus before tax of £28.5m. During this period, the Group invested £95.5m in homes and made 11,115 new lets to homeless households, surpassing its five-year target of 11,000 six months ahead of schedule.
| Date | 9 Mar 2026 |
| Time | 13:38:34 |
| Category | Trading updates |
| ID | 9038V |
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: [email protected]