Places for People has reported an increase in turnover and operating profit after a year of continued growth.
Its 2025/26 Annual Report showed turnover exceeding £1.23billion, an increase on last year’s £1.06billion, and an increase of £40million in operating profit. This generated an underlying operating margin of 22.6%, up from 19.3% in 2024/25.
PfP said that the Group had continued to grow through mergers and adding to its portfolio by building new homes, while focusing on operating efficiencies to improve its key financial metrics and underlying profitability.
Over the period, the housing association worked with partners to complete 2,509 new homes, 77% of which were affordable, including a record 512 for social rent. It also recorded its strongest for Modern Methods of Construction, partnering with local authorities on modular housing pilots in Salford and Bristol to help address temporary accommodation pressures. Its wider homelessness programmes helped and gave wraparound support to 8,500 people who were homeless or at risk of homelessness.
Alongside its latest figures, PfP also published its ESG Report, which measures its progress against its targets set in 2024. During the period, the Group diverted more than 98% of waste from workplaces, leisure centres and development sites away from landfill, while over half of newly built homes included renewable energy technologies. Through PfP Thrive, the Group also delivered 673 green and future skills training sessions.
Following the recent merger with Origin, PfP says it further strengthened its national presence through mergers with South Yorkshire Housing Association and Elim Housing, expanding its footprint in Sheffield and Bristol.
Greg Reed, PfP Group CEO, said: ”As Number 10 ushers in a new era of collaboration, PfP’s success over the past year demonstrates the true power of partnership. By working with local and national government, sector partners and our communities, we’ve delivered thousands of new homes, developed innovative solutions to homelessness and temporary accommodation pressures, helped tackle the sector’s skills shortage, and strengthened the connection between housing, health and well-being – all while generating record social value and maintaining our financial strength.”
“Partnership has been central to PfP for more than 100 years. Today we’re collaborating with greater impact than ever before and want to work with others who share our ambition to deliver better outcomes for customers, stronger local economies and thriving communities. Lasting change is achieved together.”
