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Quick overview
We build, manage and look after homes for people across the North
- 34,247 homes owned and managed
- Rated G1/V1 from the Regulator of Social Housing. Achieved our first customer grade of C2
- External credit rating of ‘A’ with S&P Global
- Strong ESG foundations, with three years of reporting our ESG performance using the Sustainability Reporting Standard for Social Housing
- Proven track record of successful merger and stock acquisition integration, with sustained financial performance
- Homes England Strategic Partner with £184m grant funding to help deliver 2,327 new social and affordable homes by 2028
- Low risk business model with a focus on core social housing and low exposure to market sales risks.
- Turnover for the period (excl. housing sales and asset disposals) was £233.7m
Top level metrics
|
Key financial metrics £m |
2025/26 |
2024/25 |
2023/24 |
2022/23 |
2021/22 |
|
Social housing core rental income |
195.9 |
183.7 |
161.2 |
138.2 |
128.5 |
|
Sales and other turnover |
37.8 |
35.3 |
30.2 |
27.4 |
26.7 |
|
Turnover |
233.7 |
219.0 |
191.4 |
165.6 |
155.2 |
|
Cost of sales and other operating costs |
(29.0) |
(26.6) |
(21.3) |
(19.1) |
(17.8) |
|
Social housing core operating costs |
(151.5) |
(139.4) |
(126.4) |
(102.9) |
(97.2) |
|
Social housing core operating surplus |
44.4 |
44.3 |
34.8 |
35.3 |
31.3 |
|
Operating surplus |
53..2 |
53.0 |
43.7 |
43.6 |
40.2 |
|
Surplus on housing sales |
7.4 |
2.5 |
2.4 |
3.3 |
3.8 |
|
Net interest cost |
(27.2) |
(22.3) |
(18.4) |
(17.8) |
(19.6) |
|
Tax and other * |
2.3 |
2.5 |
4.7 |
54.4 |
11.3 |
|
Surplus |
31.1 |
35.7 |
23.4 |
83.5 |
35.7 |
*Tax and other in FY 2026 comprises: corporation tax, movement on valuation of investment properties, loss on disposal of other fixed assets. Previous years also include negative goodwill from merger with other associations.
Our updates
Use the links below to get a closer look at our strategy for new homes and partnerships, latest news and updates, historic financial performance, our up to date credit ratings, and our current regulatory judgements.
If you'd like to talk to us about investor relations, please contact:
James Clifford, Assistant Director of Strategic Finance and Treasury
james.clifford@karbonhomes.co.uk
0191 223 8797
