Leeds-based social landlord Yorkshire Housing Finance plc published its Annual Report and Financial Statement for 2025-26, reporting increased turnover to £173 million, up from £165 million the previous year, while maintaining an operating margin of 18%.
Group operating surplus for the year was £34.7 million.
“Yorkshire Housing has now completed more than 4,000 homes, reaching the halfway point in its long-term ambition to build 8,000 affordable homes across the region, helping to address housing needs, strengthen communities and generate lasting social value,” said Yorkshire Housing Finance.
“The recent confirmation of £230 million in grant funding over the next decade provides a strong foundation for the next phase of this journey, giving us the confidence to continue delivering the affordable homes that Yorkshire needs.
“The housing sector continues to face cost pressures, uncertainty in the housing market, and higher borrowing costs.
“During the year, Yorkshire Housing’s operating costs increased by 5%, largely reflecting investment in services.
“However, overall repairs expenditure reduced as service improvements and investment in technology helped drive greater efficiency and better outcomes for customers.
“Yorkshire Housing also saw interest and finance costs increase by £4m to £28m, reflecting higher borrowing costs and the organisation’s ambitious investment and growth plans. Shared ownership margins were lower during the year as a result of challenging market conditions.
“Despite these pressures, Yorkshire Housing retains a strong financial position, ending the year with net assets of £248.6 million and sufficient liquidity to support both day-to-day operations and future investment ambitions.”
Rob Parkes, Yorkshire Housing Finance executive director of Finance and Governance, said: “These results show that the investments we’ve made in our homes, services and technology are making a real difference for customers. Higher satisfaction levels and fewer complaints reflect the progress we’ve made in delivering better services and improving customer experience.
“Alongside this, we’ve maintained strong operational and financial performance, enabling us to continue investing in both existing and new homes despite a challenging economic backdrop.
“While we remain balanced in our approach to future investment, our focus remains on delivering great homes and services today while ensuring the long-term strength and sustainability of the organisation.”