18 December 2025

Clarion Funding plc

CLARION HOUSING GROUP PUBLISHES HALF YEAR ACCOUNTS

Clarion Housing Group has today published its accounts for the half year ending 30 September 2025, demonstrating a resilient financial performance alongside continued investment in homes, services and communities. http://www.rns-pdf.londonstockexchange.com/rns/0027M_1-2025-12-17.pdf

Turnover for the period was lower at £522 million (HY 2024/25: £542 million) reflecting the challenging development sales market but partially offset by inflation-linked rent increases.  Operating surplus however increased to £163 million (HY 2024/25: £138 million), reflecting improved performance across the core business along with an increased disposal surplus. The Group's net surplus rose to £93 million (HY 2024/25: £68 million), largely driven by the increased operating surplus.

Clarion has continued to prioritise investment in both existing homes and the delivery of new affordable housing. During the first half of the year, the Group invested £253 million in new homes, up from £196 million in the same period last year, and £186 million in maintaining and improving existing homes compared to £177 million in HY 2024/25. A total of 678 new homes were completed, three quarters of which are for affordable tenures, alongside continued progress on major regeneration and building safety programmes.

The Group's strong financial management was recognised during the period when the Regulator of Social Housing upgraded Clarion's financial viability rating to V1, confirming the strength of its balance sheet, liquidity and long-term financial resilience.

Resident outcomes also remained positive during the period. Overall resident satisfaction was 84.9%, consistent with the same point last year, while satisfaction with repairs also remained high at 91%. Rent arrears at 6.0% were down from 6.9% in HY 2024/25, reflecting continued focus on income collection and targeted support for residents. Community investment continues to form an integral part of the Group's strategy, with £8 million spent during the first half of the year on activities such as support and advice for residents facing financial difficulties (HY 2024/25: £7 million).

Mark Hattersley, Chief Financial Officer, said: "The Group has delivered a strong half year performance, underpinned by disciplined financial management and the resilience of our social housing business. The Regulator's decision to upgrade our financial viability rating to V1 is a clear endorsement of that approach.

"We continue to invest heavily in our homes and communities while maintaining a strong balance sheet and liquidity position. This financial strength leaves us well placed to support our residents, continue building much-needed affordable homes and manage the challenges facing the sector as we move through the remainder of the financial year."

ENDS

For more information, please contact:

Olly Clitheroe, Communications Manager, Clarion Housing Group - 07858089815 / [email protected]