Housing association’s development numbers down 15%
Clarion’s pre-tax surplus has almost doubled in the year to 31 March 2026, according to an update
The 125,000-home provider published a fourth quarter trading update this morning, which included unaudited figures for its latest financial year.
The update showed that turnover had inched down, from £1.09bn to £1.05bn, which it attributed to lower development sales, with growth in rental and other income partially offsetting.
However, net surplus before tax and fair value adjustments increased from £76m to £134m. It put its increase in surplus down to “higher rental income and a stronger disposal surplus, coupled with lower financing costs and a broadly consistent level of operating costs year on year”.
Clarion increased its investment in new homes from £430m to £591m, delivering 1,460 homes in the year, of which 80% were for affordable tenures. This was a 15% fall from the 1,727 new homes delivered in 2024/25.
Its outright market and shared ownership sales margins were down from 6.5% to 2.4%, which it said was down to “market pressures, particularly on private sale, driven by current economic and geopolitical uncertainty”.
Its pipeline grew to 22,285 homes, from 20,173 at the same point in 2024/25. It also invested £161m in improving existing homes, up from £138m.
Liquidity fell from £1.28bn to £950m as a result of its decision to repay an expiring debt facility early.
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