Annual Financial Report

​Accent Capital PLC

31 July 2025

Accent Group Limited*

Accent Group Limited Announces Financial Results for 2024/25

Accent Group Limited is pleased to share its 2024/25 financial statements.

The financial statements reflect a robust operating position during a period of continued economic pressure within the Housing sector.

In the year to 31 March 2025 group turnover grew by £23.5m to £150.2m, an 18.5% increase on 23/24 as a combined result of income growth and an active development programme generating sales. The operating margin remains strong at 21.6%, a slight reduction on the 23/24 margin, being reflective of the continued investment in services and existing homes (£38m invested in existing homes in the year to 31 March 2025).

Accent has continued to develop a strong pipeline of new homes through the Homes England Strategic Partnership. In 2024/25 £125m was committed to new homes with 458 new homes being completed and handed over, 330 of those being at the highest EPC rating of A providing safe, warm energy efficient properties for our customers.

Total comprehensive income for the year is reported at £23.9m, a reduction on the previous year of £1.9m, reflecting higher operating costs and lower pension movements.

The liquidity and balance sheet position of the Group remains strong, with fixed assets growing to £1,078m, an increase of £129m and net assets of £189m, an increase of £24m year on year. Cash balances of £69m were held at 31 March 2025.

Key ratios for the 2024/25 financial year are as follows:

EBITDA-MRI / Turnover (excluding grants) was 21% reduced from 22.5%

EBITDA-MRI / Interest Expense increased to 158% from 150.6%

Debt / EBITDA-MRI  reduced to 16.9x from 18.2x

Speaking of the results, Executive Director of Finance & Business Services Kirsty Spark said:

"I am delighted to share Accents results for 2024/25. Like all organisations within the housing sector Accent have had to make some balanced decisions on how to deploy our resources however we have been able to maintain a strong development programme alongside significant investment in our existing homes and the kick off of a major transformation programme. Against this backdrop of investment the results speak for themselves and we feel Accent is well placed to move into the next phase of its Corporate Strategy delivery."

Nick Apetroaie, Chief Executive Officer said:

"These results reflect the strength and resilience of Accent's long-term approach. At a time when the housing sector continues to face real challenges, we have remained steadfast in our commitment to delivering high-quality homes and services for our customers. I'm proud that we have not only invested significantly in existing homes, but also delivered hundreds of new, energy-efficient properties that support our ambitions for sustainability and affordability. As we move forward with the next phase of our Corporate Strategy, we do so from a strong foundation ensuring we can continue to improve our services and homes for our customers."

Please follow the link below to view the Annual Report & Financial Statements for Accent Group Limited. The Annual Report & Financial Statements for Accent Capital PLC will appear on the investors' page of Accent's website shortly after the AGM to be held in early September 2025.

https://www.accentgroup.org/media/54odr4wd/accent-group-financial-statements-2024-25.pdf

-Ends-

Issued by Accent Housing, Bradford, West Yorkshire. For more information, contact Stacey Healey, Director of Communications and Public Affairs by emailing [email protected]

* Accent Group Limited is the ultimate holding company for Accent Capital PLC