Page 5 - Pobl Annual Report FY25

Annual Report 2025 3
The Group’s first year as a newly merged organisation has reported continued growth, both in
income and operating margin. Our financial strength has allowed us to increase investment
considerably in our existing homes, enabled us to take advantage of grant opportunities, whilst
continuing to deliver high quality homes across multiple tenures and offer valuable services to
our customers.
In a context of continued economic uncertainty, the cost of living crisis and increasing demand for
the homes and services we provide, we are confident that the new Group will have the expertise,
funding and financial capacity to deliver on a larger and more impactful scale.
Year at a Glance
£257.9m
TURNOVER
(2024: £242.8m)
£11.2m
SURPLUS
(2024: £5.9m)
103
PROJECTS SUPPORTED
BY POBL TRUST
(2024: 50)
66%
INCOME FROM
SOCIAL LETTINGS
(2024: 65%)
£85.4m
INVESTMENT IN
EXISTING HOMES
(2024: £59.5m)
£177.8m
CAPITAL INVESTED
IN NEW HOMES
(2024: £132.6m)
24,336
HOMES MANAGED
(2024: 23,934)
554
NEW HOMES
HANDED OVER
(2024: 540)
3,656
NEW HOMES
PIPELINE
(2024: 3,277)
2,454
COLLEAGUES
EMPLOYED
(2024: 2,644)
85%
CUSTOMER
TRUST
(2024: 82%)
4.5%
NET TENANT
ARREARS
(2024: 5.8%)
The 2024 comparatives have been restated following the merger. See note 33.