Moat Homes reports £23.9m surplus in southeast England

Moat Homes reported a £23.9m total surplus for fiscal 2025/26, up from £12.2m a year earlier, driven by higher social housing rental income and stabilized emergency repair services. Total turnover rose to £176m from £164m, while operating surplus increased to £58.9m from £49m. Operating costs remained nearly flat at £112m versus £111m, reflecting a £9.7m rise in social housing rental revenue. Moat completed 383 new homes, down from 478, and invested £46m in existing properties, versus £63m. It manages over 23,300 homes in southeast England and holds a Moody’s A3 stable rating.