REG - Accent Capital PLC - Annual Financial Report

AccentAnnouncement

31/07/2025 13:30

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RNS Number : 2039T  Accent Capital PLC  31 July 2025

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
(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 press.office@accentgroup.org

 

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

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