Peabody Group publishes its accounts for the half year

Peabody Group today (21 November) publishes its accounts for the half year ending 30 September 2025.

Published: 21/11/2025

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Financial performance 

Turnover from our core operating activities increased by £15m in the six months to 30 September 2025, compared to the same period last year. Our operating margin rose to 30%, from 27% in the prior year. Rent collection was stable at 98%.

Investment in residents' homes

In the six months to 30 September, we invested a total of £210m in residents' homes. This included £106m on capital improvements, of which £20m related to building safety.

New homes, development and sales 

We invested £215m building new homes during the first six months of the year, completing 658 homes for residents to move into. We started on site with the construction of 234 new homes. We continue to prioritise our existing pipeline with around 5,500 homes currently under construction, including through joint ventures.

Commenting on the results, Peabody's Chief Financial Officer, Phil Day said: "We’re continuing to prioritise investment in residents’ homes and improving services. We’ve started to see an improvement in our financial performance, but we know we still have more to do.

"We’re listening to residents and working together with them to help provide the support and services that local neighbourhoods need, whilst making sure we deliver value for money. We anticipate the benefits of the comprehensive spending review will support our ongoing improvement journey and have been actively engaging with government and other partners to maximise its impact.”

Read the full results