Welcome
Executing the right strategy for Sanctuary
Sanctuary is an organisation with social purpose at its heart. We pride ourselves on being resilient, financially-strong and well-managed - because those qualities enable us to deliver our mission and serve our customers.
Annual Report and Financial Statements
Sanctuary is pleased to share its financial results for 2024/2025. The last 12 months have seen the Group successfully navigate through recent macro-economic challenges and achieve a sound financial performance, while delivering record levels of reinvestment in homes for the second consecutive year for the benefit of customers.
Key financial highlights:
125,719
Homes in management
£1,179.3m
Group revenue
£226.0m
Underlying operating surplus
£215.7m
Operating surplus
19.2%
Underlying operating margin
18.3%
Operating surplus margin
29.3%
Social housing operating surplus margin
110.2%
EBITDA MRI interest cover
Group revenue for 2025 was £1,179.3m (2024: £1,085.4m) representing a £93.9m or 8.7% increase. The rise predominantly reflects growth in the affordable housing business, which benefited from an increase in revenue from existing homes, additional revenue from new affordable homes, and a full year of income from Johnnie Johnson Housing.
Underlying operating surplus was higher, increasing by £19.3m or 9.3% to £226.0m (2024: £206.7m), while underlying operating margin also improved at 19.2% (2024: 19.0%); social housing operating margin remained strong at 29.3% (2024: 31.1%).
Regulation
We are regulated by the Social Housing Regulator in England, the Scottish Housing Regulator in Scotland, the Care Quality Commission in England and the Care Inspectorate in Scotland.
Euro Medium Term Note (EMTN) Programme
Our EMTN programme provides Sanctuary with a flexible platform to issue notes on a repeated basis, offering public listed or private placement formats, in multiple currencies, with varying maturities, and in a very short timeframe. The programme has been rated A2 by Moody’s and A by S&P.
EMTN Programme Documentation
Obligors Financial Statements
Sustainability
Our Sustainable Finance Framework is another positive step in our sustainability journey reinforcing our long-term commitment to the environment and our customers.
Sustainability Hub
- View our Sustainability Hub
- View our latest Sustainability Report
Sustainable Finance Framework
Second Party Opinion
Investor Updates
Sanctuary publishes Annual Report and Financial Statements for 2024/2025
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Sanctuary delivers robust operational and financial performance for 2024/25
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Sanctuary launches £2.5 billion Euro Medium Term Note Programme
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